RD Calculator — Recurring Deposit Maturity & Interest
Calculate your recurring deposit maturity value, total interest earned, and TDS impact. Enter monthly deposit, interest rate, and tenure. RD interest is compounded quarterly by most Indian banks. Get total deposits, interest earned, maturity amount, effective yield, TDS calculation, and a quarter-wise growth table showing how each instalment compounds over time.
Calculate RD Maturity
How to Use the RD Calculator
This tool calculates recurring deposit maturity using quarterly compounding as used by banks regulated by the Reserve Bank of India.
Step 1 — Enter Monthly Deposit
Set your monthly RD instalment amount. Minimum varies by bank (₹100–1,000). No maximum limit at most banks.
Step 2 — Set Rate and Tenure
Enter the RD interest rate (typically 6.5–7.5% for banks, higher for small finance banks) and tenure (6–120 months).
Step 3 — View Results
Get maturity value, total deposits, interest earned, TDS impact, and quarter-wise growth table.
CA Tip: RD interest is taxable as Income from Other Sources. TDS is deducted at 10% if combined FD+RD interest at a bank exceeds ₹40K/year (₹50K for seniors). Submit Form 15G/15H if income is below taxable limit. As per Section 194A of the IT Act, banks must deduct TDS on interest exceeding the threshold. ICAI recommends including RD interest in ITR even if below TDS threshold.
RD Interest Calculation
M = P × [(1+r/4)4t − 1] ÷ [1 − (1+r/4)−1/3]
Simplified approach: Each monthly deposit compounds at quarterly rate for remaining tenure.
Maturity = Sum of [P × (1+r/4)4×(remaining months/12)] for each instalment
Example (₹10K/month, 7%, 5 years):
Total Deposits = 10,000 × 60 = ₹6,00,000
Maturity ≈ ₹7,19,770 | Interest ≈ ₹1,19,770
RD Interest Rates in India — 2026
| Provider | 1 Year | 3 Years | 5 Years | Senior Extra |
|---|---|---|---|---|
| SBI | 6.80% | 7.00% | 6.50% | +0.50% |
| HDFC Bank | 6.60% | 7.10% | 7.00% | +0.50% |
| ICICI Bank | 6.70% | 7.10% | 7.00% | +0.50% |
| Post Office | — | — | 6.70% | N/A |
| Small Finance Banks | 7.50% | 8.00% | 8.25% | +0.50% |
Post Office RD is only for 5-year tenure. Rates indicative as of March 2026. Check RBI and bank websites.
RD Tips for Maximum Returns
- Set auto-debit: Missing instalments attracts 1–2% penalty. Auto-debit ensures discipline.
- Compare banks: Small finance banks offer 0.5–1.5% higher rates than large banks. For amounts under ₹5L per bank, the DICGC guarantee covers you.
- Senior citizen advantage: 0.5% extra rate + higher TDS threshold + 80TTB deduction. RD is especially beneficial for seniors building monthly income discipline.
- Consider step-up: Many banks allow increasing RD instalment annually. Start lower, increase with income growth. Similar to step-up SIP concept.
- Tax planning: Spread RD across banks to keep interest below ₹40K per bank/year for TDS minimisation. Or submit Form 15G/15H if eligible.
Expert Tip: For goals beyond 5 years, consider SIP in balanced mutual funds instead of RD — historically 3–5% higher returns. Use RD for short-term goals (1–3 years) where capital safety matters. Talk to our CA team →
Need savings advice? Our CAs help with RD tax planning, investment comparison, and ITR filing for deposit holders. Talk to a CA today →
