Wealth-building takes discipline and consistency. A Recurring Deposit (RD) is one of the safest forms of systematic savings. You can invest a fixed amount every month and receive guaranteed returns with very little risk for conservative investors.

As such, our Online RD Calculator allows you to quickly find out your maturity amount, interest earned, etc., and month-by-month contributions. This is helpful when planning, when comparing RD schemes, or even understanding how disciplined savings get you far in the long term.

What is a Recurring Deposit (RD) Calculator?

An RD Calculator online is a completely free tool that provides you with an exact understanding of how much your monthly savings will grow to maturity. Here it provides:

• Total maturity amount (principal + interest)
• Total interest earned for the tenure
• Monthly deposits with growth statistics

If you have an RD investment from SBI, HDFC, ICICI, Axis Bank, or Post Office schemes, you will have results in seconds without spending time on calculating all the figures manually or using spreadsheets.

How Does the RD Calculator Work?

To get your results, just enter four basic details:

1. Monthly Deposit – The fixed amount you plan to save each month.
2. RD Tenure – Duration of your deposit (6 months to 10 years).
3. Interest Rate – The rate offered by your bank or post office.
4. Compounding Frequency – For RDs, interest is compounded quarterly.

The calculator then shows:

• Total amount you deposited
• Interest earned
• Final maturity value
• Yearly and monthly growth breakdown for better financial planning

RD Interest Calculation Formula

The formula for RD maturity value is:

Where:

• P = Monthly deposit
• r = Annual interest rate
• n = Compounding frequency (quarterly = 4)
• t = Tenure (in years)
• M = Maturity value

This formula accounts for quarterly compounding, ensuring accuracy. The RD calculator applies this instantly, saving you from tedious math.

It also allows you to:

• Compare RD schemes across banks and post offices
• See how changes in tenure or deposit size affect returns
• Plan savings goals with clear growth graphs
• Use it seamlessly on desktop or mobile

Why Invest in Recurring Deposits (RD)?

• The safe and secure method - this is possible through the backing of banks and post offices and all with fixed guaranteed returns.
• It promotes discipline - allows the user to build the habit of saving monthly in a condensed manner.
• The terms are flexible - you can choose your time frame from 6 months to 10 years.
• It returns more than your savings account - it can earn more interest than ordinary savings deposits.
• It has a loan facility - you can avail yourself of loans of up to 90% of your RD amount if you feel you need to do so.
• It has taxes to adhere to - interest transactions above ₹40,000.00 (or ₹50,000.00 for senior citizens) subject to TDS as per income tax essentials.

Start Planning Your Savings Now!

You can take control of your savings with our Recurring Deposit Calculator Online. Just enter how much you are going to deposit, your time frame, and rate of interest and you can see exactly how much you are going to make. You can compare a few banks' RDs, plan short term and long term objectives and understand how your savings will compound year to year.

Your current saving objectives could include the cost of future education, a future purchase, or just an enhancing lifestyle of savings so you can reside in a secure fund, while using this recurring deposit calculator can help you illustrate improved financial behaviors.