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Recurring Deposit (RD) Calculator

Calculate RD maturity with quarterly breakdown

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Recurring Deposit Details

₹
5
6.5%

RD Maturity Returns

Enter RD details to see your maturity returns

Recurring Deposit (RD) Calculator

RD allows you to save a fixed amount every month for a fixed tenure. Most Indian banks compound interest quarterly.

Formula

Where M = maturity amount, R = monthly installment, i = quarterly rate (annual rate/4), n = number of quarters

Current Rates (2025)

Post Office RD (5 years)

October-December 2025

6.7% p.a.

Bank RD rates

Varies by bank and tenure, Nov 2025

6.0% - 7.5% p.a.

Example Calculation

Scenario:

Monthly deposit of ₹2,000 for 2 years at 7% p.a.

Calculation:

Quarterly compounding over 8 quarters

Result:

Approx. ₹50,800 (Investment: ₹48,000, Interest: ₹2,800)

Key Points

  • •Ideal for regular savers who want guaranteed returns
  • •Interest is usually compounded quarterly
  • •Minimum tenure typically 6 months, maximum 10 years
  • •Premature withdrawal allowed with penalty (varies by bank)
  • •Senior citizens get 0.5% additional interest in most banks

Tax Implications:

  • •Interest earned is taxable under 'Income from Other Sources'
  • •TDS applicable if interest exceeds ₹40,000 per year (₹50,000 for senior citizens)
  • •Can submit Form 15G/15H to avoid TDS if income below taxable limit
Disclaimer: The calculations and information provided are estimates based on the inputs provided and current rates as of November 2025. Actual results may vary. Interest rates, tax laws, and regulations are subject to change. Please consult with a qualified financial advisor or tax professional for personalized advice.