RD Calculator - Recurring Deposit Maturity & Returns Calculator
Calculate RD maturity amount and returns with our free online calculator. Get instant results for monthly deposits, total interest earned, effective returns, and tax implications. Perfect for systematic savings planning and comparing bank RD rates.
Lower monthly commitment
Builds saving habit
Flexible investment
Higher interest rates
Better returns on lump sum
Simple calculation
RD: ₹3,42,800
FD (lump sum): ₹3,86,968
FD gives ₹44,168 more
Calculating...
RD Calculator - Recurring Deposit Returns & Maturity Calculator
Recurring Deposit (RD) is a systematic savings scheme where you invest a fixed amount monthly to build wealth over time. Our free RD calculator helps you instantly calculate maturity amount, total interest earned, and compare returns across different banks. Whether you're planning monthly savings, evaluating RD vs FD returns, or looking for the best RD interest rates, our tool provides accurate calculations with tax implications.
Unlike Fixed Deposits that require lump sum investment, RD allows you to save small amounts monthly while earning compound interest. Our RD maturity calculator online shows how your monthly deposits grow into substantial corpus through the power of compounding. With features like PDF download for RD calculations and bank comparison tools, you can make informed savings decisions.
RD Interest Calculation Formula
Understanding the RD interest calculation formula helps maximize your returns. RD interest is calculated using compound interest with quarterly compounding:
Maturity Amount = P × [(1 + r/n)^(nt) - 1] / (1 - (1 + r/n)^(-1/3))
Where: P = Monthly Deposit, r = Annual Interest Rate, n = Compounding Frequency, t = Tenure in Years
Our RD calculator with compound interest automatically applies this complex formula to give you instant, accurate results.
RD Calculator with PDF Download Feature
Our RD calculator with PDF download capability enables you to save detailed calculation reports for future reference. The downloadable PDF includes monthly deposit amount and tenure, interest rate and compounding details, year-wise growth projection, maturity amount breakdown, tax implications and TDS calculations, and bank comparison results. This feature is essential for financial planning documentation, loan applications showing regular savings, tax filing records, and investment portfolio tracking.
How to Use RD Calculator - Step by Step Guide
Follow these simple steps to calculate your RD returns:
- Select Bank: Choose from SBI, HDFC, ICICI, Post Office, or Axis Bank
- Enter Monthly Deposit: Amount you plan to save every month
- Set Interest Rate: Current RD rate or use bank's default rate
- Choose Tenure: Select investment period from 1 to 10 years
- Select Compounding: Usually quarterly for most banks
- View Results: Instant maturity amount and interest calculation
- Compare Options: See RD vs FD comparison for same amount
- Download PDF: Save calculations for record keeping
RD vs FD - Which is Better for Your Savings?
Understanding the difference between RD and FD helps choose the right savings option:
When to Choose RD:
- Don't have lump sum amount for investment
- Want to develop regular savings habit
- Prefer smaller monthly commitments
- Building emergency fund gradually
- Planning for specific goals with monthly savings
When to Choose FD:
- Have lump sum amount available
- Want higher interest rates (usually 0.25-0.5% more)
- Need simpler interest calculation
- Planning for fixed income through interest payouts
- Using as collateral for loans
Bank-wise RD Interest Rates Comparison
Our RD interest rate calculator compares rates across major banks:
| Bank | General Rate | Senior Citizen | Minimum Deposit |
|---|---|---|---|
| SBI RD | 6.5% | 7.0% | ₹100 |
| HDFC RD | 6.7% | 7.2% | ₹500 |
| Post Office RD | 6.9% | 6.9% | ₹100 |
| ICICI RD | 6.6% | 7.1% | ₹500 |
Tax on RD Interest - TDS and Income Tax
Understanding tax implications is crucial for RD investments:
TDS on RD Interest:
- TDS @ 10% if interest exceeds ₹40,000 per year
- ₹50,000 limit for senior citizens
- 20% TDS without PAN card
- Submit Form 15G/15H to avoid TDS if income below taxable limit
Income Tax on RD:
- RD interest is fully taxable as per your income slab
- No tax benefit under Section 80C (unlike tax-saving FD)
- Add interest income to total income for tax calculation
- Maintain RD interest certificate for tax filing
Benefits of Using RD Calculator
Our online RD calculator offers multiple advantages:
- Accurate Planning: Know exact maturity amount before investing
- Goal Setting: Plan monthly deposits for specific financial goals
- Bank Comparison: Compare returns across different banks instantly
- Tax Planning: Understand tax implications on interest earned
- Time Saving: Instant calculations without manual errors
- Investment Decision: Compare RD with other savings options
- Documentation: PDF downloads for record keeping
RD Calculator for Different Goals
Use our calculator for various savings goals:
Emergency Fund RD Calculator
Build 6-12 months expenses gradually through monthly RD deposits. Calculate how much to save monthly to reach your emergency fund target.
Education RD Calculator
Plan for children's education expenses by starting RD early. Our calculator shows how small monthly amounts grow into substantial education corpus.
Marriage/Event RD Calculator
Save systematically for major life events. Calculate monthly deposits needed to accumulate required amount by target date.
Down Payment RD Calculator
Build home loan down payment through disciplined monthly savings. See how RD helps accumulate 20% down payment amount.
Post Office RD Calculator
Post Office RD offers unique benefits worth considering:
- Government-backed security with guaranteed returns
- 5-year fixed tenure with attractive interest rates
- Minimum deposit just ₹100 per month
- Can be opened in minor's name for children's savings
- Loan facility available after 1 year
- Can be continued for another 5 years after maturity
Our Post Office RD calculator shows exact returns with quarterly compounding as per postal department rules.
Premature Withdrawal and Loan Against RD
Premature Withdrawal Rules:
- Allowed after 1 year in most banks
- Penalty of 0.5-1% on applicable interest rate
- Post Office RD allows after 3 years
- Calculate actual amount receivable using our calculator
Loan Against RD:
- Up to 90% of deposit amount available as loan
- Interest rate usually 1-2% above RD rate
- Better than premature withdrawal
- RD continues earning interest
Common RD Calculation Examples
Example 1: ₹5,000 Monthly for 5 Years @ 6.5%
- Total Deposit: ₹3,00,000
- Interest Earned: ₹42,800
- Maturity Amount: ₹3,42,800
- Effective Return: 14.3%
Example 2: ₹10,000 Monthly for 3 Years @ 6.7%
- Total Deposit: ₹3,60,000
- Interest Earned: ₹38,160
- Maturity Amount: ₹3,98,160
- Effective Return: 10.6%
Tips to Maximize RD Returns
- Compare Banks: Use our calculator to find best rates
- Senior Citizen Benefits: Get 0.5% extra if eligible
- Longer Tenure: Higher tenure gives better compounding benefit
- Avoid Premature Withdrawal: Complete tenure for full returns
- Auto-Debit: Set up automatic transfers to avoid missing deposits
- Review Rates: Check for rate changes and switch if beneficial
Frequently Asked Questions About RD Calculator
Q: What is RD and how is the maturity amount calculated?
A: RD (Recurring Deposit) is a monthly savings scheme where you deposit a fixed amount regularly. Maturity amount is calculated using compound interest formula with quarterly compounding. Our RD calculator automates this complex calculation instantly.
Q: Is the RD calculator free to use?
A: Yes, our online RD calculator is completely free with unlimited usage. No registration or payment required. Calculate as many times as needed.
Q: Can I download RD calculation results?
A: Yes, our RD calculator with PDF download feature allows you to save detailed calculation reports including all inputs, maturity amount, interest breakdown, and yearly growth projection.
Q: Which gives better returns - RD or FD?
A: FD generally gives slightly higher returns (0.25-0.5% more interest) if you have lump sum amount. RD is better for monthly savings and building investment discipline. Our calculator shows comparison for both.
Q: How is tax calculated on RD interest?
A: RD interest is fully taxable as per your income tax slab. TDS @ 10% applies if yearly interest exceeds ₹40,000. Include total interest earned in your income for tax calculation.
Q: Can I change monthly deposit amount in RD?
A: No, RD requires fixed monthly deposit throughout the tenure. Missing deposits attracts penalty. For flexible amounts, consider SIP in mutual funds.
Q: What happens if I miss RD installments?
A: Banks charge penalty (usually ₹1-10 per ₹100) for missed installments. Account may be discontinued after continuous defaults. Some banks allow revival within specified period.
Q: Is Post Office RD better than bank RD?
A: Post Office RD offers government guarantee and competitive rates but has fixed 5-year tenure. Bank RDs offer more flexibility in tenure and features. Compare using our calculator.
Q: Can I take loan against RD?
A: Yes, up to 90% of accumulated amount is available as loan after 1 year. Interest rate is usually 1-2% above RD rate. Better option than premature withdrawal.
Q: How accurate is the RD calculator?
A: Our calculator uses exact bank formulas with quarterly compounding, ensuring 100% accuracy. Results match actual bank calculations for maturity amount.
RD Calculator - Recurring Deposit Maturity & Returns Calculator
Calculate RD maturity amount and returns with our free online calculator. Get instant results for monthly deposits, total interest earned, effective returns, and tax implications. Perfect for systematic savings planning and comparing bank RD rates.
Lower monthly commitment
Builds saving habit
Flexible investment
Higher interest rates
Better returns on lump sum
Simple calculation
RD: ₹3,42,800
FD (lump sum): ₹3,86,968
FD gives ₹44,168 more
Calculating...
RD Calculator - Recurring Deposit Returns & Maturity Calculator
Recurring Deposit (RD) is a systematic savings scheme where you invest a fixed amount monthly to build wealth over time. Our free RD calculator helps you instantly calculate maturity amount, total interest earned, and compare returns across different banks. Whether you're planning monthly savings, evaluating RD vs FD returns, or looking for the best RD interest rates, our tool provides accurate calculations with tax implications.
Unlike Fixed Deposits that require lump sum investment, RD allows you to save small amounts monthly while earning compound interest. Our RD maturity calculator online shows how your monthly deposits grow into substantial corpus through the power of compounding. With features like PDF download for RD calculations and bank comparison tools, you can make informed savings decisions.
RD Interest Calculation Formula
Understanding the RD interest calculation formula helps maximize your returns. RD interest is calculated using compound interest with quarterly compounding:
Maturity Amount = P × [(1 + r/n)^(nt) - 1] / (1 - (1 + r/n)^(-1/3))
Where: P = Monthly Deposit, r = Annual Interest Rate, n = Compounding Frequency, t = Tenure in Years
Our RD calculator with compound interest automatically applies this complex formula to give you instant, accurate results.
RD Calculator with PDF Download Feature
Our RD calculator with PDF download capability enables you to save detailed calculation reports for future reference. The downloadable PDF includes monthly deposit amount and tenure, interest rate and compounding details, year-wise growth projection, maturity amount breakdown, tax implications and TDS calculations, and bank comparison results. This feature is essential for financial planning documentation, loan applications showing regular savings, tax filing records, and investment portfolio tracking.
How to Use RD Calculator - Step by Step Guide
Follow these simple steps to calculate your RD returns:
- Select Bank: Choose from SBI, HDFC, ICICI, Post Office, or Axis Bank
- Enter Monthly Deposit: Amount you plan to save every month
- Set Interest Rate: Current RD rate or use bank's default rate
- Choose Tenure: Select investment period from 1 to 10 years
- Select Compounding: Usually quarterly for most banks
- View Results: Instant maturity amount and interest calculation
- Compare Options: See RD vs FD comparison for same amount
- Download PDF: Save calculations for record keeping
RD vs FD - Which is Better for Your Savings?
Understanding the difference between RD and FD helps choose the right savings option:
When to Choose RD:
- Don't have lump sum amount for investment
- Want to develop regular savings habit
- Prefer smaller monthly commitments
- Building emergency fund gradually
- Planning for specific goals with monthly savings
When to Choose FD:
- Have lump sum amount available
- Want higher interest rates (usually 0.25-0.5% more)
- Need simpler interest calculation
- Planning for fixed income through interest payouts
- Using as collateral for loans
Bank-wise RD Interest Rates Comparison
Our RD interest rate calculator compares rates across major banks:
| Bank | General Rate | Senior Citizen | Minimum Deposit |
|---|---|---|---|
| SBI RD | 6.5% | 7.0% | ₹100 |
| HDFC RD | 6.7% | 7.2% | ₹500 |
| Post Office RD | 6.9% | 6.9% | ₹100 |
| ICICI RD | 6.6% | 7.1% | ₹500 |
Tax on RD Interest - TDS and Income Tax
Understanding tax implications is crucial for RD investments:
TDS on RD Interest:
- TDS @ 10% if interest exceeds ₹40,000 per year
- ₹50,000 limit for senior citizens
- 20% TDS without PAN card
- Submit Form 15G/15H to avoid TDS if income below taxable limit
Income Tax on RD:
- RD interest is fully taxable as per your income slab
- No tax benefit under Section 80C (unlike tax-saving FD)
- Add interest income to total income for tax calculation
- Maintain RD interest certificate for tax filing
Benefits of Using RD Calculator
Our online RD calculator offers multiple advantages:
- Accurate Planning: Know exact maturity amount before investing
- Goal Setting: Plan monthly deposits for specific financial goals
- Bank Comparison: Compare returns across different banks instantly
- Tax Planning: Understand tax implications on interest earned
- Time Saving: Instant calculations without manual errors
- Investment Decision: Compare RD with other savings options
- Documentation: PDF downloads for record keeping
RD Calculator for Different Goals
Use our calculator for various savings goals:
Emergency Fund RD Calculator
Build 6-12 months expenses gradually through monthly RD deposits. Calculate how much to save monthly to reach your emergency fund target.
Education RD Calculator
Plan for children's education expenses by starting RD early. Our calculator shows how small monthly amounts grow into substantial education corpus.
Marriage/Event RD Calculator
Save systematically for major life events. Calculate monthly deposits needed to accumulate required amount by target date.
Down Payment RD Calculator
Build home loan down payment through disciplined monthly savings. See how RD helps accumulate 20% down payment amount.
Post Office RD Calculator
Post Office RD offers unique benefits worth considering:
- Government-backed security with guaranteed returns
- 5-year fixed tenure with attractive interest rates
- Minimum deposit just ₹100 per month
- Can be opened in minor's name for children's savings
- Loan facility available after 1 year
- Can be continued for another 5 years after maturity
Our Post Office RD calculator shows exact returns with quarterly compounding as per postal department rules.
Premature Withdrawal and Loan Against RD
Premature Withdrawal Rules:
- Allowed after 1 year in most banks
- Penalty of 0.5-1% on applicable interest rate
- Post Office RD allows after 3 years
- Calculate actual amount receivable using our calculator
Loan Against RD:
- Up to 90% of deposit amount available as loan
- Interest rate usually 1-2% above RD rate
- Better than premature withdrawal
- RD continues earning interest
Common RD Calculation Examples
Example 1: ₹5,000 Monthly for 5 Years @ 6.5%
- Total Deposit: ₹3,00,000
- Interest Earned: ₹42,800
- Maturity Amount: ₹3,42,800
- Effective Return: 14.3%
Example 2: ₹10,000 Monthly for 3 Years @ 6.7%
- Total Deposit: ₹3,60,000
- Interest Earned: ₹38,160
- Maturity Amount: ₹3,98,160
- Effective Return: 10.6%
Tips to Maximize RD Returns
- Compare Banks: Use our calculator to find best rates
- Senior Citizen Benefits: Get 0.5% extra if eligible
- Longer Tenure: Higher tenure gives better compounding benefit
- Avoid Premature Withdrawal: Complete tenure for full returns
- Auto-Debit: Set up automatic transfers to avoid missing deposits
- Review Rates: Check for rate changes and switch if beneficial
Frequently Asked Questions About RD Calculator
Q: What is RD and how is the maturity amount calculated?
A: RD (Recurring Deposit) is a monthly savings scheme where you deposit a fixed amount regularly. Maturity amount is calculated using compound interest formula with quarterly compounding. Our RD calculator automates this complex calculation instantly.
Q: Is the RD calculator free to use?
A: Yes, our online RD calculator is completely free with unlimited usage. No registration or payment required. Calculate as many times as needed.
Q: Can I download RD calculation results?
A: Yes, our RD calculator with PDF download feature allows you to save detailed calculation reports including all inputs, maturity amount, interest breakdown, and yearly growth projection.
Q: Which gives better returns - RD or FD?
A: FD generally gives slightly higher returns (0.25-0.5% more interest) if you have lump sum amount. RD is better for monthly savings and building investment discipline. Our calculator shows comparison for both.
Q: How is tax calculated on RD interest?
A: RD interest is fully taxable as per your income tax slab. TDS @ 10% applies if yearly interest exceeds ₹40,000. Include total interest earned in your income for tax calculation.
Q: Can I change monthly deposit amount in RD?
A: No, RD requires fixed monthly deposit throughout the tenure. Missing deposits attracts penalty. For flexible amounts, consider SIP in mutual funds.
Q: What happens if I miss RD installments?
A: Banks charge penalty (usually ₹1-10 per ₹100) for missed installments. Account may be discontinued after continuous defaults. Some banks allow revival within specified period.
Q: Is Post Office RD better than bank RD?
A: Post Office RD offers government guarantee and competitive rates but has fixed 5-year tenure. Bank RDs offer more flexibility in tenure and features. Compare using our calculator.
Q: Can I take loan against RD?
A: Yes, up to 90% of accumulated amount is available as loan after 1 year. Interest rate is usually 1-2% above RD rate. Better option than premature withdrawal.
Q: How accurate is the RD calculator?
A: Our calculator uses exact bank formulas with quarterly compounding, ensuring 100% accuracy. Results match actual bank calculations for maturity amount.