Free Tool
RD Calculator
Estimate the maturity value of a Recurring Deposit. See how consistent monthly deposits grow with quarterly compounding.
5,000 ₹
7 %
24 Months
Recurring Deposit interest is compounded quarterly. A fixed amount is deposited every month for the chosen tenure.
Maturity Value
Maturity Amount₹1,29,846
Total Deposited₹1,20,000
Interest Earned₹9,846
Deposited
Interest
What is a recurring deposit?
An RD lets you deposit a fixed amount every month for a set tenure, earning interest compounded quarterly until maturity.
How is RD maturity calculated?
Each monthly deposit earns interest for its remaining tenure, with quarterly compounding, then all are summed at maturity.
Is RD interest taxed?
Yes — RD interest is taxable at your slab rate, and TDS applies if total interest across deposits exceeds the bank's threshold.
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