RD Calculator
Project your recurring deposit's maturity with quarterly compounding.
How RDs Work
You deposit a fixed amount monthly for a set tenure. Banks compound the interest quarterly — each monthly deposit earns for a different duration, producing a compounded maturity value.
Frequently Asked Questions
How is RD maturity calculated?
RD uses quarterly compounding on each monthly deposit. Each deposit grows for a different duration — this calculator accounts for that automatically.
Is RD better than SIP?
RD gives fixed, guaranteed returns (5–7% pre-tax). SIP in equity funds aims for 10–14% but with market risk. RD is safer; SIP has higher long-term potential.
Is RD interest taxable?
Yes — taxed at your slab rate. TDS applies similar to FD (₹40,000/₹50,000 threshold). Post office RDs have different treatment.
Can I change the monthly deposit amount?
No. Bank RDs have a fixed monthly amount for the full tenure. If you need flexibility, use a savings account or SIP in a debt fund.