RD Calculator: How to Calculate Recurring Deposit Maturity

A Recurring Deposit (RD) lets you save a fixed amount every month and earn interest, like a disciplined savings habit. An RD calculator shows the maturity amount after your chosen period.

How does an RD work?

You deposit the same amount each month for a fixed tenure. Each monthly deposit earns interest for the remaining months until maturity. Banks usually compound RD interest quarterly.

Why is RD maturity not just deposit times months?

Because each installment earns interest for a different length of time. Your first deposit earns interest for the full period; your last deposit earns for just one cycle. The calculator adds all these up correctly.

Example

Saving ₹5,000 every month for 5 years at 7% per year grows to about ₹3,59,664. You deposited ₹3,00,000 and earned roughly ₹59,664 in interest.

Good to know

• RD is ideal for steady, monthly saving toward a goal.
• Rates vary by bank and tenure — check the current rate.
• Interest is taxable and TDS may apply.

How to use our free RD calculator

1. Open the RD calculator.
2. Enter the monthly deposit, interest rate and tenure.
3. Click Calculate to see the maturity amount and total interest.