RD Calculator – Recurring Deposit Maturity

A recurring deposit (RD) is the savings cousin of an FD: instead of one lump sum, you deposit a fixed amount every month for a fixed tenure, and the bank compounds it quarterly. It is the classic tool for salaried monthly savers.

The formula

M = R × ((1+i)ⁿ − 1) ÷ i (quarterly rate i, quarters n)

FAQ

What is the difference between RD and SIP?

An RD has a guaranteed, bank-declared return; a SIP invests in markets so returns vary. RDs suit fixed goals like a planned purchase; SIPs suit long-term wealth creation.

Can I break an RD before maturity?

Yes, most banks allow premature withdrawal of an RD with a small penalty on the interest rate, usually 0.5–1%.

Is RD interest taxable?

Yes, RD interest is fully taxable at your income slab, like FD interest.

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