Choose a sustainable instalment
Start with the amount you can deposit every month without disrupting essential expenses or emergency savings.
Built for Indian savers
RD Calculator for smarter monthly savings.
Estimate your RD maturity amount and total interest in seconds, compare rates, and understand the India-specific context behind the numbers.
₹5 lakh DICGC ceiling per depositor per insured bank in the same capacity
₹50k / ₹1 lakh Current bank-interest TDS threshold context: non-senior / senior citizen
en-IN Rupee values formatted the way Indian households read them
India-first RD estimator
Turn a monthly habit into a clear maturity estimate.
Enter your plan in rupees. We show principal, estimated interest, a higher-rate comparison and the current Section 194A TDS threshold context.
02
Quarterly estimate Your estimate
Estimated maturity amount ₹3,62,433 after 5 years
Total deposited ₹3,00,000
Estimated interest ₹62,433
Deposit growth
If your bank offers +0.50% ₹3,67,308
+₹4,875 Below the current TDS threshold
Estimated interest is below ₹50,000 for non-senior depositors.
Check your inputs Results will return once every value is within the allowed range.
A calmer way to plan
Three decisions. One useful estimate.
The calculator keeps the process focused on the choices you actually control.
Use the bank's quoted rate
Enter the current product rate instead of relying on a hard-coded bank list that may become outdated.
Verify before opening
Compare this estimate with the bank's official maturity quote, penalties, premature-closure terms and deposit timing.
India guide
The number is only half the decision.
These four checks help put an RD estimate into the right regulatory and practical context.
Read the tax & safety guideTDS is not final tax
Crossing a threshold concerns tax deduction by the payer; it is not the same as your final tax liability.
Official Section 194A ↗DICGC cover has a ceiling
Eligible principal and accrued interest are aggregated across deposits with the same insured bank and capacity.
Official DICGC guide ↗Senior rates are bank-specific
Use the actual rate offered to you. The senior-citizen switch here changes only the TDS context, not the interest rate.
Bank quotes can differ
Day count, rounding, instalment timing and incomplete-quarter treatment can create a small difference.
RBI guidance ↗ RD calculator guide
Turn an estimate into a realistic monthly plan.
An RD Calculator is most useful when it answers a decision, not when it produces the largest maturity number. Start with a monthly amount your budget can support, use the rate actually offered by the bank, and select a tenure that matches the date of your goal.
The estimate then becomes a planning baseline. It can show how much you contribute, how much interest may be earned and how a change in rate or tenure affects the result. Your bank's official quote remains the final reference for the product.
What to enter in the RD Calculator
Monthly deposit: use the amount you can pay in an ordinary month after essential expenses, EMIs and emergency-fund contributions. A smaller instalment paid consistently is more practical than an ambitious figure that depends on perfect cash flow.
Annual interest rate: copy the rate from the bank's current RD product page or written quote. Do not use the savings-account rate, an FD rate for a different tenure or a promotional number for which you are not eligible.
Tenure: match the number of months to the expected goal date. If the goal has several payment dates, compare separate deposits rather than forcing every expense into one maturity.
Senior-citizen status: enable it only for the TDS context shown by this tool. The switch does not add a bank-specific senior rate; enter the actual eligible rate yourself.
How to read the maturity estimate
The maturity amount contains two parts: your total deposits and estimated interest. Total deposits are the monthly instalment multiplied by the number of instalments. The remainder is the estimated interest under the displayed assumptions.
This distinction matters because a large maturity value is not all investment return. Most of an RD balance normally comes from the money deposited every month. Look at the interest figure beside the maturity amount before comparing the plan with another option.
The chart shows how contributions and interest build over time. Early growth is driven mainly by deposits. Interest becomes more visible later because earlier instalments have remained invested longer.
Use the result as an estimate rather than a receivable. Deposit dates, actual-day conventions, incomplete quarters, rounding, missed payments and premature closure can all change the bank's final value.
Why every monthly instalment earns differently
An RD is not one lump sum invested on the opening date. It is a series of monthly deposits. The first instalment remains in the account for almost the full tenure, while the last instalment may earn interest for only a short period.
The RD Calculator therefore estimates the instalments across their individual earning periods and combines them. This is why multiplying the total deposits by the annual rate and the full tenure overstates the result.
It is also why an RD and an FD with the same headline rate should not be expected to produce the same interest on the same final contribution total. In an FD, the full principal begins earning at once. In an RD, most of the money arrives later.
Banks can use disclosed day-count, compounding and rounding conventions that create a small difference from a general online estimate. Always compare the result with the official maturity quote before opening the account.
Use scenarios instead of chasing one rate
A rate difference is easier to understand in rupees than in percentage points. Run the same deposit and tenure at the rate from two eligible products. The comparison panel shows how much the higher rate changes the estimated maturity amount.
Then test a slightly lower rate. This conservative case helps reveal whether the saving goal depends on a narrow rate advantage. For many plans, increasing a sustainable monthly deposit has a larger effect than moving between two similar rates.
Compare product terms alongside the number: payment due dates, late fees, premature-withdrawal treatment, service access and maturity instructions. The RD Calculator measures the numeric difference; it cannot value convenience or liquidity for your household.
Work backwards from the expense
Give the deposit a name such as school fees, annual insurance, travel or a vehicle down payment. Write down the target date and the amount already saved. This prevents a generic maturity target from becoming disconnected from the expense it is meant to fund.
Use the RD Calculator to test a comfortable instalment first. If the estimate is below the target, you can increase the monthly amount, extend the date where possible, add an existing lump sum through a separate suitable instrument, or reduce the target. Do not solve every gap by choosing an unaffordable instalment.
Keep emergency cash outside the RD. Money that may be needed immediately should not depend on premature closure, a loan against deposit or a branch process.
Checklist before opening the RD
- Confirm the eligible rate, monthly due date and exact tenure.
- Compare the bank's maturity quote with the RD Calculator result.
- Read missed-instalment fees and account-discontinuation rules.
- Check premature-closure eligibility, applicable rate and penalty.
- Review nomination, joint-holder and maturity-credit instructions.
- Understand that TDS and final income-tax liability are different.
- Add eligible deposits held with the same bank when reviewing DICGC cover.
- Save the product schedule and confirmation issued at account opening.
A good RD plan is not only mathematically attractive. It is affordable, aligned with a date, clear about liquidity and verified against the institution's current terms.
From the rupee notebook
View all guides Read before you deposit.
How RD interest is calculated in India
A plain-English walkthrough of recurring deposit interest, quarterly compounding and why your bank's maturity quote may differ from an online estimate.
RD tax, TDS and DICGC: a 2026 guide
Understand the difference between taxable RD interest, the TDS threshold and the ₹5 lakh DICGC insurance ceiling.
RD vs FD: choosing the right deposit habit
Compare recurring deposits and fixed deposits by cash-flow pattern, discipline and flexibility—not just the advertised interest rate.
Saver stories
What our users say.
People use the calculator to make a monthly plan easier to discuss, compare and revisit.
Rajesh Kumar
★★★★★“This calculator helped me plan my daughter's education fund. Seeing the monthly commitment beside the maturity estimate made the decision much easier.”
Priya Sharma
★★★★★“The rate comparison is useful. I could test a few tenures and settle on a plan that fits my monthly budget.”
Amit Patel
★★★★★“The calculation assumptions are finally easy to understand. I used the estimate as a starting point before checking with my bank.”
Sunita Singh
★★★★★“As a working parent, I liked being able to copy a plan link and revisit it with my family before opening the deposit.”
Vikram Gupta
★★★★★“Simple, quick and clear about the fact that the result is an estimate. The rupee formatting makes the numbers easy to scan.”
Meera Joshi
★★★★★“The TDS and DICGC explanations answered questions that most calculators completely ignore.”
Questions, answered
Know what the estimate can—and cannot—tell you.
Last reviewed 19 July 2026. Always verify current tax and product terms before acting.
How accurate is this RD calculator?
It is a planning estimate based on regular monthly deposits and quarterly compounding. Your bank's result can differ because of deposit timing, day-count conventions, incomplete-quarter treatment, rounding, missed instalments, penalties and tax.
Is recurring deposit interest taxable in India?
RD interest is generally taxable as income from other sources. TDS and final tax liability are separate questions, so use your interest certificate and consult current official guidance for your circumstances.
What is the current TDS threshold for bank deposit interest?
Section 194A currently uses ₹50,000 for non-senior depositors and ₹1,00,000 for senior citizens where the payer is a bank, co-operative society or post office. Rules can change, so check the linked official source before acting.
Does DICGC cover recurring deposits?
Eligible recurring deposits with an insured bank are included. The current insurance ceiling is ₹5 lakh per depositor per bank in the same right and capacity, including principal and accrued interest across eligible deposits.
What happens if I miss an RD instalment?
The consequence depends on the bank and product. A bank may charge a penalty or apply other terms. Check the product schedule before opening the RD and do not include an instalment you cannot reliably sustain.
Is an RD always better than an FD?
No. An RD suits a monthly saving habit; an FD suits money already available as a lump sum. Compare cash-flow fit, penalties, liquidity, tenure and bank terms—not only the headline rate.
Start with the habit
Calculate in rupees