RD Calculator

What This RD Calculator Does

A Recurring Deposit (RD) lets you deposit a fixed amount every month for a chosen tenure, earning compound interest on each instalment for however long it remains deposited. This calculator estimates the maturity value of an RD based on your monthly deposit, interest rate, and tenure.

The Formula

Each monthly deposit compounds for its own remaining tenure until maturity - the first month's deposit earns interest for the full period, while the last month's deposit earns interest for just one compounding cycle. Summing the compounded value of every individual instalment gives the total maturity amount, from which subtracting your total deposits gives the interest earned.

How to Use It

Enter your planned monthly deposit, the interest rate offered, and the tenure in years. The calculator shows your total amount deposited over the tenure, the interest earned on top of it, and the final maturity value.

RD vs SIP

An RD and a mutual fund SIP look similar on the surface - both involve fixed monthly contributions - but an RD earns a fixed, guaranteed bank interest rate, while a SIP's returns depend entirely on market performance and are not guaranteed. RDs suit short-term, capital-safe goals; SIPs suit longer-term goals where you can tolerate volatility in exchange for potentially higher growth. The Mutual Fund vs FD Comparator uses the same RD-style maturity formula against a projected SIP to make this trade-off concrete.

Who This Is For

Savers who want a disciplined, fixed monthly saving habit with a guaranteed return and full capital safety, typically for shorter-term goals where market risk isn't appropriate.

Quick Example

Depositing ₹5,000 every month into an RD at 6.5% for 5 years results in total deposits of ₹3,00,000 growing to a maturity value of approximately ₹3,55,284 - about ₹55,284 in guaranteed interest.