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Estimate the maturity value and interest earned on a monthly recurring deposit.
Drag a slider or type a value.
7% inflation adjusts the maturity value into today's money.
Funds are shown for information only. Read all scheme-related documents carefully before investing.
A recurring deposit calculator projects how a fixed monthly deposit grows over the tenure of the RD. Each installment earns interest only for the months remaining, so the first deposit compounds the longest and the last one barely earns anything.
The output separates the total you deposited from the interest earned, which makes it easy to compare an RD against a lump-sum FD or a monthly SIP at the same tenure.
Each monthly installment earns interest for the months remaining in the tenure, compounded quarterly. The maturity amount is the sum of all installments plus the interest each one earns, so earlier deposits contribute more interest than later ones.
An FD is a single lump-sum deposit locked in for a fixed tenure, while an RD is a fixed amount deposited every month. For the same interest rate and tenure, an FD earns more interest because the full amount stays invested from day one.
Yes. RD interest is added to your income and taxed at your income tax slab rate. Banks deduct TDS at 10% if total interest across your deposits crosses ₹40,000 in a financial year (₹50,000 for senior citizens).
Most banks offer recurring deposits from 6 months to 10 years, usually in multiples of 3 months. Post office RD accounts have a fixed 5-year tenure.
Banks charge a small penalty per missed installment and may close the account if several consecutive installments are missed. The maturity amount also drops because the missed deposit earns no interest.
Yes, premature closure is allowed, but interest is paid at the rate applicable for the period the deposit actually ran, usually after a penalty of 0.5% to 1%.
