RD Calculator — Recurring Deposit
Calculate the maturity amount for your Recurring Deposit (RD) account instantly. Enter your monthly deposit, annual interest rate, and tenure to see the maturity value, total interest earned, effective yield, and a complete month-by-month growth schedule. Uses quarterly compounding — the Indian bank standard. All calculations run locally in your browser. No signup required.
Calculate the maturity amount for your Recurring Deposit (RD) account. Enter your monthly deposit amount, annual interest rate, and tenure to instantly see the maturity value, total interest earned, and a month-by-month growth schedule. All calculations run locally in your browser — your financial data never leaves your device.
Fixed amount deposited each month
Rate offered by your bank
Number of months (1–120)
Indian banks use quarterly compounding for RDs
M = Σ R × (1 + r/400)^(4 × remaining_months / 12)
Each monthly deposit of R earns compound interest at rate r% p.a. for its remaining tenure. Indian banks use quarterly compounding (r/400 per quarter) as the standard for RD accounts.
Why Use Our RD Calculator?
Accurate RD Maturity Calculation
Our RD calculator uses the standard quarterly compounding formula used by Indian banks — the same method used by SBI, HDFC, ICICI, and all major banks. Get the exact maturity amount for your recurring deposit.
Month-by-Month Growth Schedule
See exactly how your RD grows each month with a detailed schedule showing monthly deposits, cumulative interest earned, total deposited, and maturity value — all in one table.
Secure & 100% Private
All RD calculations run entirely in your browser. Your deposit amount, interest rate, and financial details are never transmitted to any server — complete privacy guaranteed.
100% Free — No Signup Required
Completely free with no account, no premium tier, no usage limits, and no ads. Calculate RD maturity for any deposit amount and tenure as many times as you need.
Common Use Cases for RD Calculator
Home Down Payment Savings
Use the RD calculator to plan monthly savings for a home down payment. Calculate how much you need to deposit each month to accumulate the required amount by your target date.
Children's Education Fund
Parents use the RD calculator to plan education savings. Calculate the maturity amount for a monthly RD to ensure funds are available for school fees, college admission, or higher education.
Vehicle Purchase Planning
Calculate how much your monthly RD will grow to plan a vehicle purchase. Use the RD calculator to compare different deposit amounts and tenures to reach your target vehicle budget.
Emergency Fund Building
Build an emergency fund systematically with a recurring deposit. The RD calculator shows exactly how your monthly deposits compound over time to create a financial safety net.
Comparing Bank RD Offers
Use the RD calculator to compare maturity amounts across different banks offering different interest rates. Enter the same deposit and tenure with different rates to find the best RD offer.
Wedding & Event Planning
Plan wedding or event savings with the RD calculator. Calculate the maturity amount for a monthly RD to ensure you have the required funds ready by the event date.
Understanding Recurring Deposit (RD) Calculation
What is a Recurring Deposit (RD)?
A Recurring Deposit (RD) is a savings scheme offered by Indian banks and post offices where you deposit a fixed amount every month for a predetermined tenure. At maturity, you receive the total deposited amount plus compound interest. RDs are ideal for salaried individuals who want to save systematically — they combine the discipline of regular savings with the returns of a fixed deposit. Our RD calculator uses the standard quarterly compounding formula used by all major Indian banks (SBI, HDFC, ICICI, Axis, etc.) to compute the exact maturity amount. All calculations run locally in your browser.
How Our RD Calculator Works
- Enter Your RD Details: Input your monthly deposit amount, the annual interest rate offered by your bank, and the tenure in months or years. Select the compounding frequency — quarterly is the Indian bank standard.
- Instant Browser-Based Calculation: Click “Calculate RD Maturity” to instantly compute the maturity amount, total interest earned, effective yield, and a complete month-by-month growth schedule. All calculations run locally in your browser — your financial data never leaves your device.
- Review the Full Breakdown: See the maturity breakdown bar showing deposits vs. interest, a yearly summary table, and the complete monthly growth schedule showing how your RD compounds over time.
What the RD Calculator Shows
- Maturity Amount: The total amount you receive at the end of the RD tenure — principal (total deposits) plus compound interest.
- Total Interest Earned: The interest component of the maturity amount — the return on your systematic savings.
- Effective Yield: The total interest as a percentage of total deposits — useful for comparing RDs with different tenures and rates.
- Month-by-Month Schedule: A detailed table showing each monthly deposit, cumulative interest earned, total deposited, and running maturity value for every month of the tenure.
RD vs FD — Key Differences
A Fixed Deposit (FD) requires a lump-sum investment upfront, while a Recurring Deposit (RD) allows you to invest a fixed amount every month. FDs typically offer slightly higher interest rates than RDs because the entire principal earns interest from day one. In an RD, each monthly deposit earns interest only for its remaining tenure — so the first deposit earns interest for the full tenure, while the last deposit earns interest for only one month. This is why the effective yield of an RD is approximately half the stated interest rate for a given tenure.
Related Tools
Voice Recorder & Audio Extractor
Record high-quality audio from your microphone or extract audio from MP4 and WebM video files offline. 100% secure, browser-based utility.
Audio Slicer & Converter
Trim audio clips and convert between MP3, WAV format client-side - Free online audio cutter
ID3 Tag & Metadata Editor
Read and write ID3 tags, album art, artist, and track details directly to MP3 file headers - Free online ID3 tag editor
MP3 Metadata Viewer
View all ID3 tags — title, artist, album, artwork, BPM, and every embedded frame — from any MP3 file instantly in your browser - Free online MP3 metadata viewer
Frequently Asked Questions About RD Calculator
An RD calculator computes the maturity amount for a Recurring Deposit based on the monthly deposit amount, annual interest rate, and tenure. Our RD calculator uses the standard quarterly compounding formula used by Indian banks and shows a complete month-by-month growth schedule. All calculations run locally in your browser.
RD maturity is calculated by summing the future value of each monthly deposit. Each deposit earns compound interest for its remaining tenure. For quarterly compounding (Indian bank standard): FV of each deposit = R × (1 + r/400)^(4 × remaining_months / 12), where R is the monthly deposit and r is the annual rate.
The Reserve Bank of India (RBI) mandates quarterly compounding for recurring deposits at Indian banks. This means interest is compounded four times a year (every quarter) rather than monthly or annually. Our RD calculator uses quarterly compounding by default to match the actual calculation used by SBI, HDFC, ICICI, and all major Indian banks.
Most Indian banks offer RDs with a minimum tenure of 6 months and a maximum of 10 years (120 months). Post Office RDs have a fixed tenure of 5 years. Our RD calculator supports tenures from 1 month to 120 months (10 years).
Yes. All RD calculations run entirely in your browser. Your deposit amount, interest rate, and financial details are never transmitted to any server. Nothing leaves your device — complete privacy is guaranteed.
RD interest rates in India vary by bank and tenure. As of 2025, major banks offer RD rates between 5.5% and 7.5% p.a. for general customers, with senior citizens typically getting 0.25–0.5% higher rates. Post Office RD offers 6.7% p.a. (compounded quarterly). Always check your bank's current rate before calculating.
An RD (Recurring Deposit) is a bank savings product with a guaranteed fixed interest rate and capital protection — it is risk-free. A SIP (Systematic Investment Plan) invests in mutual funds with market-linked returns — it carries market risk but potentially higher returns over the long term. RDs are suitable for short-term goals and risk-averse investors; SIPs are better for long-term wealth creation.
Yes. The RD calculator is 100% free with no signup required, no premium tier, no usage limits, and no ads. Calculate RD maturity for any deposit amount and tenure as many times as you need, directly in your browser.