RD calculator

Check the maturity value of your recurring deposit.

Last reviewed: August 2026 · Figures are estimates for general planning only — see the explanation below for this calculator's specific assumptions.

Deposited: ₹3,00,000 (83%)Interest: ₹59,664 (17%)

How this grows over time

if you deposit ₹5,000 a month in a recurring deposit for 60 months at 7%, it matures to about ₹3,59,664 — ₹59,664 in interest on ₹3,00,000 deposited. Compare this against a lump sum fixed deposit instead

What is an RD calculator?

An RD (Recurring Deposit) calculator estimates the maturity value of monthly deposits, using the quarterly-compounding formula that Indian banks apply to RD accounts.

Compounding frequency varies by bank

RD interest is generally compounded quarterly, matching most banks’ convention — but this does vary, so check your RD’s terms and adjust the compounding frequency here if your bank compounds differently.

Frequently asked questions

RD vs FD — which is better?

An FD suits a lumpsum you already have, while an RD suits building savings from monthly income. For the same total deposited amount and rate, an FD generally yields slightly more since the full amount compounds from day one, whereas RD deposits compound for progressively shorter periods.

What compounding frequency do banks use for RDs?

Quarterly is the most common convention across Indian banks for recurring deposits, but it does vary — check your specific RD’s terms and adjust the compounding frequency here if needed for an accurate maturity estimate.

Common questions answered

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