RD Calculator
Calculate Recurring Deposit maturity amount with interest.
Maturity Amount
₹3.62 L
Quarterly
Invested
₹3.00 L
Interest Earned
₹61.75 K
Maturity Amount
₹3.62 L
RD Calculator visual insights
Maturity value
₹7.05 L
Interest Earned
₹2.05 L
How to Use This Calculator
Enter Amount
Set your loan amount or investment using the slider or input field.
Set Rate & Tenure
Adjust the interest rate and time period to match your scenario.
Get Results
See your EMI, total interest, and full payment breakdown instantly.
Share & Plan
Share the result link or download the amortization schedule as PDF.
About RD Calculator
RD Calculator helps you plan savings, deposits, maturity value, emergency liquidity, and interest income using India-focused assumptions and INR formatting. Calculate Recurring Deposit maturity amount with interest.
This tool is useful for Indian savers comparing bank deposits, recurring deposits, post-office deposits, and liquid savings needs. It is designed for quick planning before comparing bank offers, investment options, tax choices, or scheme rules with a qualified professional.
The calculations are tailored for users in India and use Indian number formatting, rupee values, and locally relevant finance terms wherever applicable.
Results are estimates for education and planning. Final decisions should use official documents, lender statements, scheme rules, tax notices, or advice from a qualified professional.
Frequently Asked Questions
What is the current RD interest rate in Indian banks?
Bank RD rates typically range from 6.5% to 7.5% p.a. for 1-5 year tenures. SBI offers 6.5-6.8%, HDFC 6.5-7.0%, and small finance banks 7.5-8.5%. Post Office RD is fixed at 6.7% p.a. for Q1 FY 2026-27.
Is RD interest taxable?
Yes. RD interest is fully taxable at your slab rate as "income from other sources". TDS @10% is deducted if total RD+FD interest from one bank exceeds ₹50,000/year (₹1,00,000 for senior citizens). Submit Form 15G/15H if your income is below the taxable limit.
What happens if I miss an RD instalment?
Most banks charge a late-fee penalty of ₹1.50-₹2.00 per ₹100 of instalment. Post Office RD has a grace period of one month with a ₹1 penalty per ₹100. Missing 4 consecutive instalments causes Post Office RD to be closed.
RD or SIP — which is better?
RD gives assured returns around 6.5-7% with sovereign/bank safety — ideal for short-term goals (1-3 years). SIP in equity mutual funds targets 11-14% but with market risk — use for 5+ year goals. Many combine both.
Can I open RD online?
Yes. Most banks (SBI, HDFC, ICICI, Axis) let you open and manage RDs via net banking or mobile app in minutes. Post Office RD can also be opened through IPPB app or at a branch.
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Methodology & Formulas
All formulas used here comply with RBI guidelines and standard Indian financial conventions. Calculators are updated for FY 2026–27.
Last updated: April 2026