Calculate how your regular deposits grow over time — also known as Recurring Deposit (RD) in India
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Set your deposit amount, interest rate, and tenure to calculate the maturity value.
An RD calculator projects the maturity value of a Recurring Deposit (RD) — a bank savings product where you commit to depositing a fixed amount at regular intervals (weekly, bi-weekly, or monthly) in exchange for a guaranteed interest rate. Unlike an FD, where you deposit a lump sum once, an RD builds up through disciplined periodic installments, making it the go-to tool for savers who don't have a large amount on hand today but can commit a fixed sum every period. This RD maturity calculator and RD interest calculator supports 8 currencies (USD, EUR, GBP, AUD, CAD, SGD, JPY, INR), with content built primarily around Indian RD conventions.
You enter your installment amount, deposit frequency, annual interest rate, compounding frequency, and tenure, and the calculator applies the recurring deposit annuity formula, M = P × q × (qᴺ − 1) ÷ (q − 1), which accounts for the fact that every installment compounds for a different length of time depending on when it was deposited — the first installment earns interest for the whole tenure, the last installment for barely any time at all.
This tool suits salaried savers building an emergency fund from monthly income, anyone saving toward a specific short-term goal without a lump sum ready, and savers comparing an RD against a lump-sum alternative like an FD once they do have money to deposit all at once.
An RD's real strength isn't the interest rate — it's the discipline it enforces. Committing to a fixed installment every week or month builds a savings habit that a one-time lump-sum deposit doesn't, and because the rate is locked in and guaranteed, you know in advance exactly what your money will be worth at maturity. Understanding how deposit frequency and compounding frequency interact — since each installment starts compounding from a different date — helps you set a realistic target and choose the right combination of installment size and tenure to reach it.
Compounding frequency varies by bank and country — select your bank's method above
From currency to maturity value in under a minute
Select from 8 supported currencies — this sets a sensible default installment amount and typical rate for that market, around 6.5–7.5% for INR.
Choose weekly, bi-weekly, or monthly installments to match how you plan to save — monthly is the standard RD structure at most banks.
Input the fixed amount you'll deposit each period and the annual interest rate your bank offers.
Select daily, monthly, quarterly, or annual compounding to match your bank's actual RD terms — quarterly is most common in India.
Enter the tenure in months or years, then click Calculate Maturity to see your maturity amount, total invested, and interest earned, plus a growth chart.
A realistic INR recurring deposit calculation, step by step
Suppose you deposit ₹5,000 every month into an RD at 6.5% annual interest, compounded quarterly, for a 24-month tenure — this calculator's own INR defaults.
Explanation: Interest earned (₹8,425) is a much smaller share of the total than on a comparable lump-sum FD, because most of the ₹1,20,000 invested was only deposited recently — the last few installments barely have time to compound before maturity. This is the defining trade-off of an RD: it trades some compounding efficiency for the ability to save without needing the full amount upfront.
What your interest-to-invested ratio actually tells you
A quick way to gauge an RD's efficiency is the interest-to-invested ratio — interest earned divided by total amount invested. Because installments arrive gradually, this ratio is always lower than the nominal annual rate might suggest, and it drops further for shorter tenures.
| Interest-to-Invested Ratio | General Read | Typical Context |
|---|---|---|
| 10%+ | Strong return for the tenure | Longer tenures (5+ years) at competitive rates |
| 4% – 10% | Typical range | 1–3 year RDs at moderate rates (India ~6.5–7.5%) |
| Under 4% | Modest return — expected for short tenures | 6–12 month RDs, where little time exists to compound |
For short-term savers: a lower interest-to-invested ratio on a 6–12 month RD isn't a red flag — it's mathematically expected, since most installments barely have time to earn interest before maturity. The main value is the savings discipline, not the yield.
For long-term savers: if you're committing to a 3–5 year tenure and the ratio still looks thin, compare against a lump-sum FD funded incrementally, or a market-linked SIP if your risk tolerance allows — both can outperform an RD's return once you already have savings to redeploy.
Risk considerations: this calculator assumes every installment is made on time for the full tenure. Missed installments, premature closure, and TDS deductions all reduce the actual amount you receive versus this projection. Use the result as a planning estimate, not a guaranteed payout.
Because installments are spread across the whole tenure, most of your money compounds for only part of the term — so the same rate and a similar total amount still produce less interest than a lump-sum FD. That's the trade-off for not needing the full amount upfront.
It's interest earned divided by total invested — a quick efficiency gauge for how well your RD compounded. Since installments arrive gradually, the ratio is always lower than the nominal annual rate and drops further on shorter tenures, so a low ratio on a 6-month RD is expected rather than a red flag.
As of 2026, most Indian bank RDs pay roughly 6.5–7.5% p.a., small finance banks often pay more, and the Post Office RD rate is reset quarterly by the government. Rates vary by bank and tenure, so check the current figure before comparing maturity values.
Longer tenures give every installment more time to compound, so both your total invested and your interest earned rise — and the interest share grows faster than the invested share, improving your interest-to-invested ratio.
This tool provides general financial estimates for educational purposes only and does not constitute personalized financial or tax advice. RD rates, tax rules, and penalty terms vary by bank and country — confirm final figures with your bank or a licensed financial advisor before opening an account.
Where this RD calculator earns its keep
Build an emergency cushion gradually through disciplined monthly installments.
Save toward a wedding, vacation, or gadget purchase 6 months to 3 years out.
Accumulate enough through an RD to later move into a lump-sum FD or CD.
Compare a bank RD's maturity value against a Post Office Recurring Deposit.
Model a senior-citizen RD rate for predictable, disciplined retirement savings.
Compare weekly vs. bi-weekly vs. monthly installments to see the effect on maturity value.
Save gradually toward tuition, exam fees, or a child's education expenses.
Build a home or vehicle down payment through consistent monthly deposits.
See how a 0.5–1% rate difference between banks changes your maturity value.
Compare RD-equivalent savings plans across 8 currencies for relocation or remote-work planning.
What this RD calculator does well, and where it can't replace professional advice
How an RD stacks up against FD, CD, and Post Office schemes
| Feature | RD (Recurring Deposit) | FD (Fixed Deposit) | CD (Certificate of Deposit) | Post Office RD/NSC |
|---|---|---|---|---|
| Deposit style | Fixed installments (weekly/monthly) | One lump sum upfront | One lump sum upfront | Fixed monthly installments (RD) or lump sum (NSC) |
| Typical minimum | ₹100–500/month | ₹1,000–5,000 | $500–$1,000 | ₹100/month (RD) |
| Best for | Savers without a lump sum on hand | A lump sum you already have | US-based savers wanting a locked rate | Sovereign-backed, disciplined savers |
| Interest efficiency | Lower — most installments compound briefly | Higher — full principal compounds from day one | Higher — full principal compounds from day one | Similar to bank RD |
| Backed by | Bank (DICGC insured up to ₹5L) | Bank (DICGC insured up to ₹5L) | Bank (FDIC insured up to $250K) | Government of India (sovereign) |
Yes — most banks let you borrow against your RD balance, typically up to 80–90% of the amount deposited so far. This gives you access to funds without breaking the RD, so your installments keep earning interest at the contracted rate.
Yes — most Indian bank RDs and Post Office RDs compound interest quarterly, which is why this calculator defaults to the quarterly option. A few banks compound monthly instead, so match the dropdown to your bank's actual method before comparing results.
Almost always. An RD pays more than a regular savings account because you commit to fixed installments for a fixed tenure, and the rate is locked in for that whole period. The trade-off is that withdrawing before maturity typically attracts a penalty.
At equal rates and tenures the total interest is essentially the same, so the choice comes down to flexibility — several smaller RDs with staggered start dates produce a stream of maturing deposits instead of one large payout, which suits periodic goals. Laddering this way also keeps a chunk of savings accessible if you need it early.
Common questions about RD (Recurring Deposit) accounts
Official guidance to complement this calculator — not a substitute for licensed financial advice
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