Recurring deposit (RD) calculator
Calculate Indian bank Recurring Deposit maturity amount and accumulated interest with monthly deposits and quarterly compounding.
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About this tool
Calculate your Recurring Deposit (RD) maturity amount and interest earned in Indian banks. Applies the official Indian Banks' Association (IBA) quarterly compounding formula for recurring monthly savings.
How to use it
- 1 Enter your monthly recurring deposit installment.
- 2 Select deposit tenure in months (e.g. 12, 24, 36, or 60 months).
- 3 Enter the bank interest rate (% p.a.) and check Senior Citizen if applicable.
- 4 Review your total cumulative deposits, interest earned, and maturity payout.
Questions
How is RD interest calculated in Indian banks?
RD interest is calculated using the Indian Banks' Association quarterly compounding formula, where each monthly installment earns interest for its remaining tenure.
Is Recurring Deposit interest taxable in India?
Yes. Interest earned on Recurring Deposits is fully taxable according to your income tax slab, and banks deduct TDS if interest exceeds ₹40,000 (₹50,000 for seniors) in a financial year.
Is my data uploaded?
No. This tool runs in your browser, so your text and files never reach our server.
Is this tool free?
Yes. It’s free to use with no sign-up and no limits for normal use.
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