RD Calculator
Turn a monthly habit into a guaranteed lump sum. RD maturity and interest with the quarterly compounding banks actually use. Free, private, no signup.
Your recurring deposit
Post office RD pays 6.7% (Oct–Dec 2026 quarter).
At maturity
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You deposited-
Interest earned-
Year-by-year growth
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How RD compounding actually works
A recurring deposit is a monthly SIP into a guaranteed return: you deposit a fixed sum every month, and interest compounds quarterly — the Indian standard for RDs. Each month's deposit starts earning from that month, and every quarter the accumulated interest joins the principal.
- RD vs FD. Same rates, different cash flow: FD needs a lump sum today, RD builds it monthly. If you get a bonus or windfall, an FD usually wins; for salary income, RD is the natural fit.
- RD vs SIP. RD gives guaranteed, taxable returns — a 5-year RD at 6.7% turns ₹10,000/month into about ₹7.1 lakh. An equity SIP has historically done better over 5+ years, with market risk. Match the tool to the goal's deadline.
- Missing a deposit costs you. Banks charge a small penalty per missed instalment, and post-office RDs go irregular after repeated defaults. Set an auto-debit and forget it.
Tax on RD interest
RD interest is fully taxable at your slab rate, and banks deduct 10% TDS when interest crosses ₹50,000 a year (₹1,00,000 for senior citizens). Unlike PPF or SSY, there is no tax deduction on the deposits — only the 5-year post-office time deposit (not RD) gets 80C.
FAQs
Post office RD vs bank RD?
Post office RD pays 6.7% (Oct–Dec 2026) with sovereign backing and no TDS deducted at source (you still owe tax). Bank RDs vary — compare the rate, premature-withdrawal terms and penalty for missed instalments, not just the headline number.
Can I withdraw an RD early?
Yes, but banks typically pay ~1% less than the contracted rate for the completed period, and some require a minimum lock-in (often 3–12 months). Only break it for genuine need.
Is there a maximum RD amount?
No regulatory maximum — banks accept large RDs, though very large deposits may get you a phone call about FDs instead. Post office RD has no cap either (minimum just ₹100/month).
RD or PPF for 5 years?
PPF (7.1%, tax-free, 15-year lock-in with partial withdrawal from year 7) beats RD on post-tax returns for long horizons. RD wins on liquidity — you get everything back at 5 years with no strings.
Is my data sent anywhere?
No. Everything is computed in your browser; nothing leaves your device.
Disclaimer: Estimates for illustration, computed in your browser — no data leaves your device. Actual RDs follow the bank's quarterly-compounding schedule, penalty and TDS rules. Verify with your bank or post office.