RD Calculator
Calculate the maturity amount and total interest earned on a Recurring Deposit (RD) with fixed monthly contributions and quarterly compounding.
RD Details
RD Result
—
Maturity Amount
💡 What is RD?
Recurring Deposit
- RD is a bank savings scheme where you deposit a fixed amount every month and earn quarterly compounded interest.
- It's ideal for building a regular savings habit with guaranteed, risk-free returns.
🎯 RD vs SIP vs FD
Which to choose?
- RD: Guaranteed returns, zero market risk, monthly habit
- SIP: Market-linked, potentially higher returns, for long-term wealth
- FD: One-time deposit, guaranteed returns, often slightly better rates
- RD is best for conservative, monthly savers
📖 How it works
RD Interest Calculation
- Each monthly deposit earns interest for its remaining tenure with quarterly compounding.
- Effectively, each instalment is like a separate mini-FD.
- The total maturity is the sum of all these individual amounts.
Frequently Asked Questions
Can I miss an RD installment?▾
Missing installments may attract a small penalty (typically ₹1–2 per ₹100 per month). If you miss several consecutive installments, the bank may close the RD prematurely.
Is RD interest taxable?▾
Yes, RD interest is taxable as per your income tax slab, similar to FD interest. TDS is deducted if interest exceeds ₹40,000/year (₹50,000 for seniors).
Can I withdraw RD before maturity?▾
Yes, but you'll receive a lower interest rate (usually 0.5–1% less than the contracted rate) and may face a premature withdrawal penalty.