Calculate recurring deposit maturity amount, interest, TDS, and compare RD vs FD vs SIP returns
Monthly Deposit Amount
₹
Annual Interest Rate
7.00%
Senior Citizen (+0.5%)
Age 60+ additional benefit
Tenure
24 mo
Maturity Amount
₹0
₹5,000/mo for 24 months at 7%
Total Deposited
₹0
Interest Earned
₹0
Avg Monthly Interest
₹0
⚠ Annual interest may exceed ₹40,000. TDS at 10% could be deducted. Submit Form 15G/15H if income below taxable limit.
Deposited vs Interest
0%
Interest
Total Deposited₹0
Interest Earned₹0
Month-by-Month Breakdown
Month
Deposit
Balance
Interest (Qtr)
Closing
RD vs FD vs SIP — Same Monthly Amount
RD (Guaranteed)
₹0
at same rate & tenure
FD (Lump Sum)
₹0
same total invested as lump sum
SIP at 12% p.a.
₹0
equity MF est. (not guaranteed)
⚠️ RD interest is taxable at applicable income tax slab rates. TDS at 10% deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). SIP returns are market-linked estimates, not guaranteed. Premature RD closure attracts 0.5%–1% penalty on applicable rate.
★ Premium RD Report — ₹99
Maturity Amount
—
Interest Earned
—
Total Deposited
—
Effective Yield
—
3-page dark PDF — maturity summary, donut chart, full monthly schedule
RD vs FD vs SIP comparison table for your tenure & amount
TDS impact analysis & net maturity after tax
5 tips to maximise your RD returns
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About This RD Calculator
Recurring Deposit (RD) is a savings instrument where you deposit a fixed amount monthly and earn interest compounded quarterly — the standard method used by Indian banks. This calculator computes maturity using the standard Indian bank RD formula where each monthly instalment earns interest from its deposit date. The comparison grid shows how the same monthly amount would grow in an FD (if invested as lump sum at the start) and in an SIP at 12% p.a. (equity mutual fund estimate). The FD always earns more than RD for the same rate because the full amount earns interest from day one; SIP can beat both over long periods but carries market risk.
Frequently Asked Questions
How is RD interest calculated? +
RD uses quarterly compounding. Each monthly instalment earns interest from deposit date. Formula: M = R × [(1+i)^n − 1] / [1−(1+i)^(-1/3)], where R = monthly deposit, i = quarterly rate (annual/4/100), n = quarters. For ₹5,000/mo at 7% for 2 years: maturity ≈ ₹1,28,948 on ₹1,20,000 deposited.
RD vs FD — which is better? +
RD suits monthly savers without a lump sum. FD earns more interest at the same rate because full principal compounds from day one. SIP in equity MF can outperform both over 7+ years but carries market risk. Choose RD for disciplined monthly saving with guaranteed returns; FD if you have a lump sum available.
Can I break RD prematurely? +
Yes, most banks allow premature RD closure after a minimum period (usually 3 months) with a penalty of 0.5%–1% on the applicable rate. Partial withdrawals are not allowed — you must close the entire RD. Check your bank's specific terms before opening.
Is RD interest taxable? +
Yes, fully taxable as Income from Other Sources at your slab rate. TDS at 10% is deducted when annual interest from all RDs in a bank exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if income is below taxable limit.