It depends on the bank, but many RDs start from 6 months and go up to 10 years.

RD interest may be taxable as per your slab. Banks may deduct TDS if applicable.

Some banks allow NRIs to open RDs; eligibility depends on bank policy and account type.

Recurring Deposit (RD) Calculator

Q: Premature withdrawal?

Many banks allow premature closure with a penalty or reduced interest rate.

Q: Interest rate changes?

Your RD is generally locked at the booked rate. New RDs opened later may have different rates.

Calculate RD maturity amount, total deposits and interest earned — with a month-wise growth schedule.

🏦 Monthly RD deposits 📈 Interest earned 🧾 Month-wise schedule

RD details

✅ Inputs

Monthly deposit

Deposit made every month (installment).

Interest rate (annual)

Example: 6.75 means 6.75% per year.

Tenure

Most RDs are 6–120 months depending on bank.

Compounding

Banks often compound quarterly; confirm your scheme.

Round maturity

Optional rounding for easy reading.

Show schedule

Big schedules may slow mobile devices.

We compute maturity by simulating month-by-month deposits and applying compounding at the selected frequency. This matches how RD value builds over time more accurately than a single “closed form” approximation.

Results

🔥 Output

Maturity amount

—

Total deposits

—

Monthly deposit × number of months

Interest earned

—

Effective return (approx)

—

Summary

Enter details to see a clean summary.

Month-wise Schedule

Deposit every month and watch balance grow with interest compounding.

Month	Deposit	Interest	Total Deposits	Balance
Click Calculate to generate the schedule.

Explanation

A Recurring Deposit (RD) is a savings option where you deposit a fixed amount every month for a fixed tenure. The bank pays interest on each deposit from the date it is deposited until maturity. Your final maturity amount equals total deposits + interest earned.

Tip: Longer tenure and higher interest rate increase maturity. If your bank compounds quarterly, keep compounding as Quarterly for best accuracy.

Formula (concept)

Balance grows with each monthly deposit.
At compounding points, interest is added to balance:
Interest = Balance × (annual_rate/100) × (days/365)  (simplified)
This calculator simulates month-by-month with chosen compounding frequency.

FAQs

Minimum tenure?

Depends on bank, commonly 6 months to 10 years.

Tax implications?

RD interest may be taxable; TDS rules may apply.

Premature withdrawal?

Many banks allow closure early with reduced interest or penalty.

Interest rate changes?

Your RD usually continues at the booked rate; new RDs may have different rates.

NRI eligibility?

Depends on bank policy and NRE/NRO account rules.

Recurring Deposit (RD) Calculator

RD details

Results

Month-wise Schedule

Explanation

Formula (concept)

FAQs

Related calculators

FD Calculator

SIP Calculator

Compound Interest Calculator

GST Calculator (India)