Investments & Wealth

RD Calculator

Calculate recurring deposit maturity with monthly instalments and quarterly compounding

RD details

₹
%
mo

Maturity amount

₹0

How the RD Calculator works

Recurring deposits in India use quarterly compounding on monthly instalments. Each deposit earns for a different duration. The standard formula used by banks is:

M = R × [((1 + i)n − 1) / (1 − (1 + i)−1/3)]  •  R = monthly deposit  •  i = rate/400  •  n = quarters (months ÷ 3)
Why use it

Detailed features

Bank-standard formula

Uses the RBI-recognised RD maturity formula with quarterly compounding.

Interest breakdown

See total deposited vs interest earned clearly.

Flexible tenure

Enter tenure in months for any RD period.

On the go

Also in the free Toolance Android app.

Understand the result

What the RD Calculator tells you

This calculator helps you estimate how monthly bank deposits accumulate toward a maturity date. It turns a small set of inputs into a clear RD maturity, then shows the supporting breakdown so you can understand what moved the answer.

Inputs to check

  • Monthly deposit: use a recent statement, quote or realistic assumption.
  • RD rate: use a recent statement, quote or realistic assumption.
  • Deposit period: use a recent statement, quote or realistic assumption.

Try three scenarios

Run a likely case, a conservative case and a better case. Change one input at a time so you can see which assumption matters most.

How to use this estimate in a real decision

Write down the values you entered and the date you checked them. Compare options using the same assumptions, then include any fee, tax, penalty or provider rule that sits outside the calculator. A mathematically precise answer can still be incomplete when the inputs are old or optimistic.

Treat the result as a planning range, not a quote, approval or guaranteed outcome. Recalculate whenever your rate, price, income, goal date or business cost changes.

Frequently asked questions

RD is a monthly deposit with a bank for a fixed tenure at a fixed rate. It suits salaried savers who want disciplined small savings with predictable returns.
Each monthly instalment earns interest for the remaining months. Banks compound quarterly on growing balances. Our RD calculator totals maturity value from your monthly amount, rate and tenure.
RD gives fixed return with bank safety limits. SIP in funds can grow more over long periods but has market risk. Pick based on goal timeline and risk comfort.
Yes, like FD interest, added to income and taxed per slab. TDS may apply if interest from the bank exceeds prescribed limits in a year.
Banks allow limited defaults with penalty or reduced interest. Too many missed deposits can close the account. Set auto-debit from savings for consistency.
6 months to 10 years depending on bank. Shorter RDs suit near-term goals; longer ones for planned expenses in 2 to 3 years.
Close, but bank rounding and tax deduction can differ slightly. Use for planning; confirm maturity on the bank receipt.
Yes. No account or payment needed. Change monthly deposit and tenure anytime.