Recurring Deposit Calculator
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Recurring Deposit Calculator summary
Calculation schedule
Figures may be rounded for display.
Saved calculations
Saved only in this browser on this device.
RD calculator formula
Every RD deposit has a different time to earn interest. The calculator therefore grows each monthly deposit separately.
Quarterly rate = yearly rate ÷ 4 Monthly equivalent rate = (1 + quarterly rate)^(1 ÷ 3) − 1 Month-end balance = (opening balance + deposit) × (1 + monthly rate) Total deposits = monthly deposit × number of months Estimated interest = maturity value − total deposits
This is a clear quarterly-compounding estimate. A bank may use its own quarter dates, day count and rounding.
Use the rate from the real RD product. Senior rates, penalties, missed payments and early closure are not added automatically.
Example with numbers
Deposit ₹5,000 at the start of every month for 5 years. Total deposits are ₹3,00,000. At a 7% yearly rate with quarterly compounding, estimated maturity is about ₹3,59,664 and estimated interest is about ₹59,664.
What is an RD calculator?
RD means Recurring Deposit. You deposit a fixed amount each month and the institution pays interest under the product terms.
This calculator estimates the maturity amount for a general RD. It is not tied to one bank, so the official bank quote may be a little different.
How to use the RD calculator
- Enter the monthly deposit and yearly interest rate.
- Enter completed years and any extra months.
- Choose start or end of month if you want to test deposit timing.
- Calculate and check deposits, interest, maturity value and the schedule.
What the results mean
- Total deposits: monthly payment multiplied by deposit months.
- Estimated interest: maturity estimate minus deposits.
- Maturity value: estimated balance after the final month.
How this RD calculation works
The first deposit stays in the account for longer than the last one. The calculator follows the balance month by month so each deposit gets the right number of growth periods.
Three monthly-equivalent periods are set to match one quarter of growth. This keeps the yearly schedule easy to read.
Why an RD calculator is useful
- It supports years plus extra months.
- It separates your deposits from interest.
- It shows how payment timing changes the estimate.
- You can download the full schedule for checking.
Why your bank RD result may be different
A bank may use fixed quarter dates, daily rules and its own rounding. The first and last payment may also receive different treatment.
Missed instalments, late fees, TDS, early closure or renewal at another rate can change the amount paid.
Sources
- HDFC Bank: Recurring Deposit information and calculator
- ICICI Bank: Recurring Deposit information
- National Savings Institute: National Savings Scheme rates
Rule and source review: Generic quarterly-compounding method reviewed 31 August 2026. Product rate and institution-specific treatment remain user inputs.
Disclaimer
This RD calculator gives a general gross estimate. It is not a bank quote, deposit receipt or promise of maturity value. Check the contracted rate, compounding method, penalties, tax and official product terms.
Frequently asked questions
How is RD interest calculated?
Many RDs use a yearly rate with quarterly compounding. Each monthly deposit earns interest for a different time.
Why does my bank show another maturity amount?
The bank may use different quarter dates, day counts, rounding and instalment rules.
Can I enter extra months?
Yes. Enter completed years and zero to eleven extra months.
Does this RD calculator include TDS or tax?
No. It shows gross estimated interest before tax or withholding.
What happens if I miss an RD payment?
The institution may charge a penalty or apply its product rules. This calculator assumes all entered payments are made.