RD Calculator
Calculate returns on Recurring Deposits.
RD Details
₹
%
Yrs
Tax on Interest
Deduct TDS (10%) on Interest
Year-wise Breakdown
| Year | Deposited | Interest | Maturity Value |
|---|
Maturity Amount
—
Total Deposited—
Interest Earned—
Net Maturity—
The Finzorio Recurring Deposit (RD) Calculator helps conservative investors estimate maturity payouts for monthly savings deposits across Indian banks and India Post. Calculate compound interest gains and evaluate systemic monthly saving plans with clarity.
Understanding Recurring Deposit (RD) Investments
A Recurring Deposit (RD) allows individuals to deposit a fixed amount every month for a tenure ranging from 6 months to 10 years at a pre-committed, guaranteed interest rate. Interest is compounded quarterly in commercial banks.
RD Maturity Value Formula
M = P × [((1 + i)^n - 1) / (1 - (1 + i)^(-1/3))]
- M = Final Maturity Amount
- P = Monthly Recurring Deposit Amount
- n = Number of quarters in tenure
- i = Quarterly Interest Rate (Annual Rate / 400)
Top Bank RD Interest Rates Matrix (2026)
Comparison of recurring deposit interest rates across popular banking institutions:
| Bank / Institution | 1-Year RD Rate | 3-Year RD Rate | 5-Year RD Rate | Senior Citizen Extra |
|---|---|---|---|---|
| State Bank of India (SBI) | 6.80% p.a. | 6.75% p.a. | 6.50% p.a. | +0.50% |
| HDFC Bank | 7.00% p.a. | 7.00% p.a. | 7.00% p.a. | +0.50% |
| ICICI Bank | 6.75% p.a. | 7.00% p.a. | 6.90% p.a. | +0.50% |
| Post Office RD (5 Years) | 6.70% p.a. (Quarterly compounding) | 6.70% p.a. | 6.70% p.a. | Nil (Same rate) |
Worked Example: 3-Year RD Payout
Deposit: ₹10,000 monthly for 3 years (36 months) at 7.0% interest quarterly compounding.
• Total Amount Deposited = ₹10,000 × 36 = ₹3,60,000
• Total Interest Earned = ₹41,680
• Final Maturity Payout = ₹4,01,680.
Frequently Asked Questions
Banks levy a small penalty (typically ₹1.50 per ₹100 deposit per month) on delayed RD installments. Continual delays may lead to premature RD closure.