Calculator
RD calculator
Small monthly deposits, bank-grade compounding. The saver's SIP.
Maturity ₹7.23 L (₹6.00 L deposits + ₹1.23 L interest)
Hover any bar for the yearly breakup. Monthly deposits with quarterly compounding. RD interest is fully taxable at your slab rate.
What this calculator answers
₹10,000 deposited every month for 5 years at 7% matures at about ₹7,23,492 — ₹6,00,000 of deposits and ₹1,23,492 of interest. Enter the instalment, rate and duration to project an RD.
How it is calculated
Each monthly deposit is added to the balance and interest is credited every quarter at a quarter of the annual rate; a part quarter at the end accrues nothing, following the bank convention.
Defaults are ₹10,000 a month for 5 years at 7%. RD interest is fully taxable at your slab rate, so the maturity shown is pre-tax.
Common questions
Why is the interest less than an FD on the same total?
In an RD every instalment is on deposit for a different length of time, so most of the money earns interest for less than the full term. A lump sum earns for the whole period.
What is the part-quarter rule?
Banks credit interest on a quarterly balance, and a broken quarter at the end of the tenure earns nothing in this model — that is the convention followed here.
Is RD interest taxable?
Yes, fully taxable at your slab rate, and TDS can apply once interest crosses the threshold. The maturity shown here is before tax.
Source & freshness
- Source
- Deterministic formula in lib/calculators.ts
- Timeliness
- Static-verified
- Method
- calculated
- Note
- Illustrative projection from your inputs — not a market quote.