RD Calculator
Compare RD interest rates across different banks side-by-side to find the best returns.
RD Parameters
Min: ₹100•Max: ₹10,00,000
Min: 3 M / 1 Y•Max: 120 M / 10 Y
Calculation frequency
About Recurring Deposit (RD) Calculator & Frequently Asked Questions
What is a Recurring Deposit (RD)?
A Recurring Deposit (RD) is a safe, government-insured savings vehicle provided by Indian banks and post offices that enables individuals to deposit a fixed installment every month. The capital earns guaranteed quarterly compound interest over tenures ranging from 6 months to 10 years. If you instead have a lump-sum amount to deposit upfront, compare interest yields using our FD Calculator.
Live 3-Bank Rate Comparison & Direct Portal Access
Beyond standard mathematical formulas, our calculator empowers you with a real-time side-by-side comparison of interest rates across leading Indian banks (including SBI, HDFC Bank, ICICI Bank, and others). You can instantly observe how a 0.25% or 0.50% interest differential impacts your final maturity corpus over 1 to 5 years, and click through directly to official banking portals to book your recurring deposit with zero guesswork.
Where and Why is it Helping?
- Guaranteed Returns: Your contracted interest rate remains locked against RBI interest rate cycles and market fluctuations.
- Ideal for Emergency Reserves: Excellent for building a 3-to-6 month emergency fund runway as planned in our Monthly Budget Calculator.
- Zero Capital Volatility: RDs carry sovereign DICGC insurance up to ₹5 Lakhs per bank, offering complete peace of mind.
- Comparing with Equity SIPs: While an RD provides capital certainty, you can evaluate the potential wealth-creation edge of mutual funds over 5+ years with our SIP Calculator.
How to Use the Calculator
- Enter Monthly Deposit: Input the exact amount you plan to save every month.
- Select Tenure: Choose the duration in years or months.
- Set Interest Rate: Input the annual interest rate offered by your bank.
- View Results: The calculator computes your total invested principal, total interest earned, and the final maturity amount.
The Formula & Example
- The maturity formula for RD is: M = P * [((1 + i)^n - 1) / i] * (1 + i), where P is the monthly deposit, i is the interest rate per quarter divided by 4, and n is the total number of compounding quarters.
- For example, if you open an RD of ₹5,000 per month for a period of 2 years (24 months) at an interest rate of 7% per annum compounded quarterly, you will invest a total principal of ₹1,20,000. The calculator will estimate that you earn around ₹9,150 in interest, bringing your final maturity payout to approximately ₹1,29,150.
About Recurring Deposit (RD) Calculator & Frequently Asked Questions
What is a Recurring Deposit (RD)?
A Recurring Deposit (RD) is a safe, government-insured savings vehicle provided by Indian banks and post offices that enables individuals to deposit a fixed installment every month. The capital earns guaranteed quarterly compound interest over tenures ranging from 6 months to 10 years. If you instead have a lump-sum amount to deposit upfront, compare interest yields using our FD Calculator.
Live 3-Bank Rate Comparison & Direct Portal Access
Beyond standard mathematical formulas, our calculator empowers you with a real-time side-by-side comparison of interest rates across leading Indian banks (including SBI, HDFC Bank, ICICI Bank, and others). You can instantly observe how a 0.25% or 0.50% interest differential impacts your final maturity corpus over 1 to 5 years, and click through directly to official banking portals to book your recurring deposit with zero guesswork.
Where and Why is it Helping?
- Guaranteed Returns: Your contracted interest rate remains locked against RBI interest rate cycles and market fluctuations.
- Ideal for Emergency Reserves: Excellent for building a 3-to-6 month emergency fund runway as planned in our Monthly Budget Calculator.
- Zero Capital Volatility: RDs carry sovereign DICGC insurance up to ₹5 Lakhs per bank, offering complete peace of mind.
- Comparing with Equity SIPs: While an RD provides capital certainty, you can evaluate the potential wealth-creation edge of mutual funds over 5+ years with our SIP Calculator.
How to Use the Calculator
- Enter Monthly Deposit: Input the exact amount you plan to save every month.
- Select Tenure: Choose the duration in years or months.
- Set Interest Rate: Input the annual interest rate offered by your bank.
- View Results: The calculator computes your total invested principal, total interest earned, and the final maturity amount.
The Formula & Example
- The maturity formula for RD is: M = P * [((1 + i)^n - 1) / i] * (1 + i), where P is the monthly deposit, i is the interest rate per quarter divided by 4, and n is the total number of compounding quarters.
- For example, if you open an RD of ₹5,000 per month for a period of 2 years (24 months) at an interest rate of 7% per annum compounded quarterly, you will invest a total principal of ₹1,20,000. The calculator will estimate that you earn around ₹9,150 in interest, bringing your final maturity payout to approximately ₹1,29,150.