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Recurring Deposit Planner

RD Calculator India - Recurring Deposit Maturity & Interest Calculator 2026

Use this RD calculator to estimate recurring deposit maturity amount, interest earned, post-tax return, and the monthly instalment required for your savings target. It works well for common India use cases such as SBI RD calculator, HDFC RD calculator, ICICI Bank RD calculator, and Post Office RD planning.

Adjust bank preset, compounding frequency, senior citizen boost, and tax slab to compare realistic recurring deposit returns before you open, renew, or break an RD.

Start Planning Compare with FD
RD FD
5000
7.2%
5

Total Invested

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Gross Interest

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RD Maturity Value

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Post-tax Maturity

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Required Monthly RD for Target

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Effective Annual Yield (Post-tax)

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Add target amount to see progress. 0%

RD Growth vs Total Invested

Invested vs Interest

Year-wise Projection

Year Monthly Deposit (year-end) Total Invested Interest Earned Maturity Value

How this recurring deposit maturity calculator works

This RD calculator with interest simulates month-by-month deposits and compounds earnings based on your selected frequency. It supports step-up contributions, beginning/end-of-month deposit timing, and target-based planning.


Formula reference: the model uses effective monthly growth from selected annual RD rate, then accumulates each monthly instalment over the remaining tenure.


Popular RD intents covered: rd calculator monthly deposit, rd maturity amount calculator, rd return calculator online, recurring deposit return calculator, rd principal and interest calculator.

How to calculate RD maturity amount?

Enter monthly RD deposit, annual interest rate, tenure, and compounding preference. The calculator estimates recurring deposit maturity value, total invested amount, and interest earned.

Can I use this as an RD calculator with monthly deposit?

Yes. The calculator is designed for monthly instalment deposits and supports common recurring deposit scenarios such as 1-year, 2-year, and 5-year planning.

How does the senior citizen RD option work?

Senior citizen mode applies an extra rate boost to the selected RD interest and recalculates maturity value, total interest, and required monthly deposit for target goals.

Is RD interest taxable in India?

Yes. RD interest is taxable as per your income-tax slab. This calculator applies a tax percentage on interest to show an estimated post-tax maturity value and net interest.

Can this work as an RD calculator with TDS deduction?

Yes. Use the tax slab control to estimate post-tax RD maturity and interest income. TDS rules can vary by threshold, PAN status, and declarations, so always verify the latest bank policy.

What is the difference between RD and FD for savings goals?

RD is meant for disciplined monthly saving, while FD is usually a one-time lump sum deposit. If you want to invest a fixed amount every month, an RD is usually the better fit.

Can we break RD before maturity or renew it after completion?

Most banks allow premature closure with a penalty and also provide a renewal option after maturity. The exact penalty, grace period, and renewal process depend on the bank or post office.

What is the RD interest calculation formula in India?

A practical RD maturity estimate compounds each monthly instalment for the remaining tenure. For an end-of-month deposit model, maturity can be approximated with the future value of a recurring monthly contribution using the effective periodic rate and total number of months.

What is the minimum amount to open an RD account?

The minimum amount depends on the bank or scheme. Many bank RDs start at a few hundred or one thousand rupees per month, while some products allow different minimums and multiples.

What happens to an RD after maturity?

At maturity, the accumulated principal and interest become payable to you. Depending on the institution, you may receive the amount in your linked account, renew the deposit, or give separate maturity instructions.

Can I use this for SBI, HDFC, ICICI, and Post Office RD estimates?

Yes. The bank preset selector helps you model SBI, HDFC Bank, ICICI Bank, Post Office, and other popular RD scenarios using the rate you want to compare.

Which is better for monthly savings goals: RD or SIP?

RD offers stable, predictable returns and is suitable for low-risk savings goals. SIP is market-linked and may deliver higher long-term growth, but returns are not guaranteed and volatility is higher.

RD Interest Calculation Formula, Bank Rate Snapshot, and Planning Tips

If you are searching for how to calculate RD maturity amount or looking for an RD interest calculation formula in India, the easiest approach is to treat a recurring deposit as a series of monthly contributions that each compound for the remaining months of the tenure. That is why this calculator models the deposit month by month instead of relying on a single simplistic shortcut.


For an end-of-month contribution model, a practical maturity estimate starts with the future value of a recurring monthly contribution: Maturity Value approx = Monthly Deposit x [((1 + i)^n - 1) / i], where i is the effective monthly growth rate and n is the total number of months. When you choose quarterly compounding, the calculator first converts the annual RD rate into an effective monthly growth rate and then compounds each instalment for the correct remaining period.


Published RD Rate Snapshot for Popular India Options

Rates can change by tenure, customer category, and institution. Use this as a quick comparison reference before you finalise your recurring deposit.

Institution Tenure Reference General Rate Senior Citizen Rate Official Effective Date Shown
SBI 1 year to less than 2 years 6.25% 6.75% 15 Jul 2025
HDFC Bank 12 months 6.25% 6.75% 10 Jun 2025
ICICI Bank 12 months 6.25% 6.75% 09 Jun 2025
Post Office RD 5-year recurring deposit 6.70% Scheme-specific rate Q4 FY 2025-26

Rates shown above were taken from official published pages available on 27 Mar 2026. Always confirm the latest rate and tenure slab on the bank or India Post website before opening, renewing, or breaking an RD.


RD vs FD, Tax, and Goal Planning

An RD is best when you want disciplined monthly saving toward a known goal. An FD calculator is better when you already have a lump sum to invest today. If you are comparing guaranteed saving with market-linked long-term growth, you should also compare outcomes using our SIP calculator.


RD interest is taxable according to your slab, and TDS may apply when aggregate interest crosses the applicable threshold. That is why this page includes a tax slab input instead of showing only gross maturity. For a realistic picture of your net proceeds, compare pre-tax and post-tax maturity before choosing tenure and bank.


For better RD planning, compare bank presets, check whether senior citizen rates apply, review premature closure penalties, and test how a small annual step-up changes your final maturity amount. Those practical checks matter more than repeating keywords on the page, and they also help this calculator answer the real questions users search in Google.