01
Enter the monthly deposit
Type the fixed amount you will deposit each month and the interest rate your bank offers.
RD Calculator
See your recurring deposit maturity and interest — and the TDS on it.
Updated Reviewed by Sajid Hussain· Editor
Try it with your numbers
Results update in real time as you type — no submit needed.
Your numbers
RD bills sellers in Indian Rupee (INR), so this calculator works in INR — not your selected US Dollar ($). Every figure below matches your real RD statement. Localised USD marketplaces are coming soon.
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Why trust this calculator
Last updated
June 14, 2026
Coverage
Region-specific
Privacy
Calculated in-browser · no data stored
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India Savings Tool
What Is an RD Calculator?
An RD calculator works out the maturity value and interest of a recurring deposit — using your fixed monthly deposit, the interest rate and the tenure — and shows the TDS the bank deducts.
**A recurring deposit builds savings monthly.** You pay a fixed amount every month and the bank compounds interest quarterly. Each installment earns interest from the month it goes in, so the maturity uses a specific RD formula — and this calculator applies it exactly as banks do.
**RD interest is fully taxable — see what you keep.** Like an FD, the interest is added to your income and taxed at your slab. This calculator goes further than the bank's: set your slab and it shows the real post-tax maturity, not just the 10% TDS — so the headline figure is not mistaken for what lands in hand.
**It shows the real worth after tax and inflation.** A 7% RD in the 20–30% bracket nets around 5% after tax, against roughly 6% inflation — so the corpus barely grows in real terms. The calculator gives the post-tax maturity in today's money, so you see whether the deposit actually builds wealth.
**TDS applies above ₹50,000 of yearly interest.** Banks deduct 10% TDS once your interest from that bank crosses ₹50,000 in a year (₹1 lakh for seniors), per Section 194A — the Budget-2025 limit. The calculator computes this year by year and shows what the bank pays after TDS.
Quick facts
- Deposit
- Fixed amount monthly
- Compounding
- Quarterly (bank standard)
- Tax status
- Interest taxable at slab
- TDS
- 10% above ₹50k (₹1L senior)
- Post-tax
- Real maturity after slab tax
- Real return
- Often near zero after inflation
How It Works
Calculate Your RD Maturity in Three Steps
02
Set the tenure
Choose the term in years and months. RD interest is compounded quarterly throughout.
03
Read maturity, interest and TDS
See the maturity value, total interest, the TDS deducted, and what you receive after TDS.
Steps to use the RD Calculator: Enter the monthly deposit, Set the tenure, Read maturity, interest and TDS.
The Formula
How RD Maturity Is Worked Out
01
RD maturity
M = R × [(1 + i)^n − 1] / (1 − (1 + i)^(−1/3))
R is the monthly deposit, i is the quarterly rate (annual rate ÷ 400) and n is the number of quarters. Each monthly deposit compounds quarterly from its deposit date — this is the formula banks use.
Example: R = ₹5,000, 7%, 5 years (n = 20 quarters) → maturity ≈ ₹3,59,664
02
Total interest
Interest = Maturity − (Monthly deposit × months)
Subtract everything you deposited from the maturity. For a 5-year RD of ₹5,000 you deposit ₹3,00,000, so the rest is interest.
Example: ₹3,59,664 − ₹3,00,000 = ₹59,664 interest
03
TDS on interest
TDS = 10% × yearly interest (when it exceeds ₹50,000)
Each year the bank checks the interest; if it crosses ₹50,000 (₹1 lakh for seniors) it deducts 10% TDS. The interest is taxable at your slab regardless.
Example: Small RDs rarely cross ₹50,000/year, so TDS is often nil
04
Post-tax & real worth
After-tax = maturity − interest × slab% × 1.04
The full tax is the interest times your slab plus 4% cess — not just the 10% TDS. The post-tax maturity is then discounted for inflation to show its real worth in today's money.
Example: 30% slab on ₹59,664 interest → ₹18,615 tax; the rest, then minus inflation
Worked Example
Step-by-Step Walkthrough (₹5,000/month at 7%, 5 years)
Currency note: the example below uses a benchmark scenario priced in Indian Rupee (INR). Values are converted to US Dollar (USD) at the latest exchange rate so you can compare against your own numbers.
Scenario
A 5-year recurring deposit of $5,000.00 a month at 7%, compounded quarterly.
1
Step 1 · Deposit monthly
Paying $5,000.00 a month for 60 months adds up to your total deposited.
Deposited = $300,000.00
2
Step 2 · Compound quarterly
Each deposit earns 7% from its date, compounded every quarter, growing the balance.
Maturity = $359,664.00
3
Step 3 · Interest & TDS
The gap is interest. Yearly interest stays under ₹50,000, so no TDS — but the interest is still taxable.
Interest $59,664.00 · You get $359,664.00
The takeaway
A ₹5,000-a-month RD at 7% returns about $359,664.00 in 5 years — $59,664.00 of it interest. It is a disciplined way to save, but the interest is fully taxable at your slab, so for long-term goals a tax-free PPF or a SIP usually does better.
By rate
RD Maturity by Interest Rate (₹5,000/month, 5 years)
| Metric | Poor | Average | Good | Excellent |
|---|---|---|---|---|
Maturity value Calcrux projection · quarterly | 6.0% → ₹3.50L | 6.5% → ₹3.55L | 7.0% → ₹3.60L | 7.5% → ₹3.64L |
Total interest Calcrux projection · quarterly | ₹50k | ₹55k | ₹60k | ₹64k |
You deposit ₹5,000 × 60 months | ₹3.0L | ₹3.0L | ₹3.0L | ₹3.0L |
Comparison
Calcrux vs Groww vs Bank Calculators
| Feature | Calcrux (Free) | Groww | Bank site |
|---|---|---|---|
| Maturity & total interest | |||
| Shows TDS on interest (Section 194A) | |||
| Post-tax maturity at your slab | |||
| Real value after inflation | |||
| Senior-citizen TDS limit | |||
| Free, no sign-up required |
Common Mistakes
RD Mistakes to Avoid
Treating the maturity as tax-free
Why it matters
RD interest is fully taxable at your slab. People plan on the headline maturity and keep less than expected — a 30%-bracket saver loses nearly a third of the interest.
Fix
Set your slab; the calculator shows the real post-tax maturity and its worth in today's money, so you plan on what you actually keep.
Choosing an RD over a SIP for long goals
Why it matters
For 10-year-plus goals, a taxable RD usually trails an equity SIP after tax. People over-use RDs out of habit.
Fix
Use the SIP calculator to compare. Keep RDs for short, safe goals and SIPs for long-term growth.
Missing monthly installments
Why it matters
A missed installment attracts a penalty and repeated misses can close the account, cutting your return.
Fix
Pick a monthly amount you can sustain for the whole term. Automate the deposit so you never miss it.
Ignoring TDS on large RDs
Why it matters
A big RD can cross ₹50,000 of yearly interest, triggering 10% TDS — a surprise at maturity.
Fix
This calculator computes TDS year by year. Submit Form 15G/15H if your income is below the taxable limit.
Breaking the RD early
Why it matters
Premature closure cuts the rate and adds a penalty, so you earn far less than the projected maturity.
Fix
Match the tenure to a real goal. For money you might need sooner, keep a liquid fund instead.
Pro Tips
Get More From Your RD
Automate the deposit
Set up a standing instruction so the monthly amount is debited automatically — no missed installments, no penalty.
Submit Form 15G or 15H
If your total income is below the taxable limit, file Form 15G (under 60) or 15H (senior) so the bank does not deduct TDS.
Compare with a SIP
For goals beyond 5 years, check a SIP — equity returns after tax often beat a taxable RD over long horizons.
Use the senior rate
Senior citizens get about 0.5% more and a ₹1 lakh TDS-free limit — set the option so the numbers are right.
Match tenure to the goal
Pick a term that lines up with when you need the money, so you never have to break the RD and lose interest.
Who Uses This
Who Uses This RD Calculator
The RD Calculator works across every stage of the workflow.
Monthly savers
Someone who can set aside ₹5,000 a month checks what it becomes in 5 years and how much is interest.
People without a lump sum
A saver who cannot start an FD builds the same safety with an RD and compares the maturity.
Short-term goal planners
A family saving for a 2–3 year goal like a trip or gadget sizes the monthly deposit to hit the target.
Senior citizens
A retiree checks the RD maturity at the higher senior rate and confirms the ₹1 lakh TDS-free limit.
Parents teaching savings
A parent sets up a small RD to model disciplined monthly saving and shows the child the interest it earns.
Glossary
Key RD Terms
Every important term you'll encounter in this calculator and the broader topic.
- Recurring Deposit (RD)
- A bank deposit where you pay a fixed amount every month for a set term and receive the total plus compounded interest at maturity.
- Maturity Value
- The total paid at the end of the term — all your monthly deposits plus the quarterly-compounded interest, before tax.
- Quarterly Compounding
- Interest is added to the balance every three months, so later interest is earned on the growing balance. Banks use this for RDs.
- TDS (Section 194A)
- Tax deducted at source by the bank — 10% on interest above ₹50,000 a year (₹1 lakh for seniors). It is adjustable against your final tax.
- Installment
- The fixed monthly deposit into the RD. Missing it usually attracts a small penalty.
- Premature Withdrawal
- Closing the RD before the term ends, which lowers the interest rate and adds a penalty.
- Post-Tax Return
- What you keep after the full slab tax on interest — not just the 10% TDS. At the 30% slab you lose nearly a third of the RD interest.
- Real Value
- The post-tax maturity after inflation. For a 20–30% bracket saver, an RD's real growth is often close to zero.
Help & answers
Frequently asked questions
Everything you need to know about how the RD Calculator works.
01What is an RD calculator?
An RD calculator works out what a recurring deposit grows to at maturity. You enter the monthly deposit, interest rate and tenure; it returns the maturity value, the interest earned, the total deposited, and the TDS the bank deducts.
02How is RD maturity calculated?
Maturity = R × [(1+i)^n − 1] / (1 − (1+i)^(−1/3)), where R is the monthly deposit, i is the quarterly rate (annual rate ÷ 400) and n is the number of quarters. Each deposit earns interest from its date, compounded quarterly.
03What is the maturity of ₹5,000 a month RD at 7%?
₹5,000 a month at 7% for 5 years matures at about ₹3,59,664 — you deposit ₹3,00,000 over 60 months and earn roughly ₹59,664 of interest, compounded quarterly.
04Is RD interest taxable?
Yes, fully. RD interest is added to your income and taxed at your slab rate, just like an FD — there is no exemption. Tax-free options such as PPF and SSY keep more of the return in long-term goals.
05What is the post-tax return on an RD?
Your interest minus your slab tax. At a 30% slab you lose nearly a third of the RD interest to tax — the 10% TDS is only withholding. Set your slab here to see the real maturity you keep after tax.
06Does an RD beat inflation?
Often barely, after tax. A 7% RD in the 20–30% bracket gives a post-tax return near 5%, against ~6% inflation — so your real growth is close to zero. RDs suit safety and short goals, not long-term wealth.
07Is there TDS on RD interest?
Yes. Banks deduct 10% TDS once your interest from that bank in a financial year crosses ₹50,000 (₹1 lakh for senior citizens), under Section 194A. Without a PAN it is 20%. Submit Form 15G/15H if your income is below the taxable limit.
08RD vs FD — which is better?
Choose an RD if you save a fixed amount each month, and an FD if you have a lump sum now. For the same total money, an FD earns slightly more because the whole amount compounds from day one, while RD deposits trickle in over time.
09RD vs SIP — which should I pick?
An RD gives a fixed, guaranteed return but its interest is taxable; a SIP in mutual funds is market-linked with higher long-term potential and better post-tax returns on equity. Use an RD for safety and short goals, a SIP for long-term growth.
10What if I miss an RD installment?
Most banks charge a small penalty (around ₹1–2 per ₹100 a month) for a missed installment, and repeated misses can close the account early. Pick a monthly amount you can sustain for the full tenure.
11What is the minimum RD amount and tenure?
Bank RDs typically start at ₹100 a month and run from 6 months to 10 years, in multiples of 3 months. Post Office RDs have a 5-year tenure. The deposit amount stays fixed for the whole term.
12Do senior citizens get a higher RD return?
Yes. Banks usually pay senior citizens about 0.5% more on RDs, and the TDS-free interest limit is higher — ₹1 lakh a year instead of ₹50,000. Enter your actual rate and tick the senior-citizen option.
13Can I withdraw an RD before maturity?
Yes, but premature closure usually means a lower interest rate plus a small penalty, so you earn less than the maturity figure. RDs are best left to run the full term; keep a separate liquid fund for emergencies.
14Is this RD calculator free and accurate?
Yes — it is free, needs no sign-up, and runs in your browser. It uses the standard quarterly-compounding RD formula that banks use, matching their figures, plus the FY 2025-26 TDS rules. Confirm the exact rate with your bank.
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