About Recurring Deposit Calculator
Plan your Recurring Deposit (RD) with our free RD Calculator. Enter monthly deposit, interest rate, tenure, and compounding frequency to see maturity amount, total interest, month-wise growth chart, and how RD compares to a lumpsum FD for the same total investment.
RD Calculation Formula
Use these standard formulas for accurate estimates:
RD maturity (bank formula)
i = rate per quarter, n = quarters
Total deposited
Interest earned
Example Calculation
Example: ₹5,000/month for 3 years @ 7%
| Component | Value |
|---|---|
| Monthly deposit | ₹5,000 |
| Total deposited | ₹1,80,000 |
| Interest (approx.) | ₹21,500 |
| Maturity amount | ₹2,01,500 |
Benefits of Using This Calculator
Instant results with standard financial formulas
Clear charts and tables for better decisions
Mobile-friendly — works on any device
100% free — no signup or data stored on servers
Built for Indian investors and taxpayers
Compare scenarios side-by-side where applicable
Frequently Asked Questions
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An RD is a bank deposit where you invest a fixed amount every month for a fixed tenure and earn interest at the contracted rate.
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Banks use compound interest on each installment; effective yield is slightly lower than the quoted rate because each deposit runs for a different period.
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Yes. Interest is added to your income and taxed per your slab. Banks may deduct TDS if interest exceeds thresholds.
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Yes. Investro RD Calculator is free and runs in your browser without storing your data.
Explore More Savings Calculators
Compare RD with FD, CAGR, and tax tools—all free on Investro.
Conclusion
An RD Calculator helps you set realistic savings goals before opening a recurring deposit. Use the schedule and RD vs FD comparison to choose the right product—then verify final rates with your bank’s latest offer.