What is an RD Calculator?
An RD Calculator estimates the maturity value of a recurring deposit, where you deposit a fixed amount every month for a set period.
A recurring deposit works like a monthly savings habit with a fixed interest rate. Banks in India usually compound RD interest quarterly. The calculator uses that method, so results may differ slightly from a bank that uses another method.
How to use the RD Calculator
- Enter monthly deposit.
- Enter interest rate.
- Enter tenure.
- Tap Calculate to see the result.
- Tap Reset to clear the fields and try again.
Who should use it
- People building savings with a fixed monthly amount
- Savers comparing RD rates across banks
- Anyone planning a short-term goal
Key terms
- Monthly deposit
- The amount you deposit every month.
- Interest rate
- The yearly rate offered on the RD.
- Tenure
- The number of months you will keep depositing.
- Maturity value
- Total deposits plus interest at the end.
Frequently asked questions
How is RD interest calculated?
Usually with quarterly compounding on each monthly deposit.
What if I miss an instalment?
Banks may charge a small penalty. Check your bank’s rules.
Is RD interest taxable?
Yes, at your slab rate, and TDS may apply.
Can I close an RD early?
Usually yes, with a lower rate or penalty.
Is my data stored?
No. Everything stays in your browser.
Last updated: 1 November 2026