Calculate recurring deposit maturity amount with quarterly compounding. Free RD calculator for Indian banks with senior citizen rates.
Step-by-step guide to get the most from this tool
Set your planned monthly RD contribution amount.
Enter interest rate and duration in years and months.
Toggle senior citizen rate for 0.5% additional interest.
See total deposited, interest earned, maturity amount, and growth chart.
What makes this tool stand out
Matches Indian bank RD interest calculation.
Extra 0.5% interest toggle.
Visualize deposits vs maturity over time.
Common ₹1K, ₹5K, ₹10K monthly plans.
Built for Indian bank and post office RD rules.
Clear split of deposited vs interest earned.
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Quick answers to common questions
RD is a bank deposit where you invest a fixed amount every month for a fixed tenure. Interest is compounded quarterly, similar to fixed deposits but with monthly contributions.
Each monthly installment earns interest for the remaining tenure. Indian banks compound quarterly. Our calculator simulates monthly deposits with quarterly interest crediting.
Most banks allow RD from ₹500 or ₹1,000 per month. Post Office RD minimum is ₹100 per month. Tenure ranges from 6 months to 10 years.
Yes. RD interest is fully taxable as per your income slab. TDS at 10% applies if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
RD offers guaranteed returns with no market risk. SIP in mutual funds offers higher potential returns but with market volatility. RD suits conservative, short-term savers.
Yes, but banks charge a penalty (typically 0.5–1% on interest rate) for premature closure. Some interest may be forfeited depending on how early you break it.
Yes. Most banks offer 0.25–0.50% additional interest for senior citizens (age 60+). Enable the senior citizen toggle in our calculator.
Choose RD when you want to save a fixed amount monthly with discipline. Choose FD when you have a lumpsum to invest. RD builds savings habit; FD maximizes returns on existing corpus.
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