RD Calculator
Recurring Deposit (RD) is perfect for regular savers. You deposit a fixed amount monthly and earn guaranteed returns with quarterly compounding.
Recurring Deposit Details
Ideal for regular monthly savings
Minimum ₹500 per month, no upper limit
Senior citizens get 0.50% higher rate
Minimum 6 months, maximum 10 years
RD Maturity Details
About Recurring Deposit (RD) Calculator
A Recurring Deposit (RD) is a popular savings scheme offered by banks and post offices where you deposit a fixed amount every month. It's perfect for salaried individuals and regular savers who want to build a substantial corpus with guaranteed, risk-free returns.
Our RD calculator helps you estimate the maturity amount, total interest earned, and effective returns on your monthly investments. The calculator uses quarterly compounding (standard for most banks in India) and automatically adds higher rates for senior citizens.
RD Formula & Calculation
Maturity = M × ((1 + r/4)^n - 1) / (r/4) × (1 + r/4)
Where: M = Monthly Deposit, r = Annual Interest Rate, n = Number of Quarters (Years × 4)
Example: ₹5,000 monthly for 5 years at 7.2% = ₹3,62,000 approx.
RD Interest Rates by Bank (2025-26)
| Bank | 1 Year | 3 Years | 5 Years | Senior Citizen |
|---|---|---|---|---|
| SBI | 6.5% | 6.8% | 7.0% | +0.5% |
| HDFC Bank | 6.6% | 6.9% | 7.1% | +0.5% |
| ICICI Bank | 6.7% | 7.0% | 7.2% | +0.5% |
| Post Office | 6.9% | 7.0% | 7.1% | +0.5% |
| PNB | 6.8% | 7.1% | 7.3% | +0.5% |
Frequently Asked Questions
About the RD Calculator
Recurring Deposit (RD) is perfect for regular savers. You deposit a fixed amount monthly and earn guaranteed returns with quarterly compounding.
Formula
RD Returns by Tenure
| Category | Value |
|---|---|
| Monthly | 5 Years @7.2% |
| ₹5,000 | ₹3.62L |
| ₹10,000 | ₹7.24L |
| ₹15,000 | ₹10.86L |