RD Calculator
Monthly deposits, quarterly-compounded interest — the standard Indian recurring deposit formula.
Bank RD rates: 5.5–7% typical; Post Office RD ~6.7%
RD interest is fully taxable at your slab.
📅 Year-by-year RD deposit & interest schedule
Quarterly compounding| Year | Deposited | Interest gained | RD balance |
|---|---|---|---|
| Year 1 | ₹60,000 | +₹2,210 | ₹62,210 |
| Year 2 | ₹1.20 L | +₹8,694 | ₹1.29 L |
| Year 3 | ₹1.80 L | +₹19,746 | ₹2.00 L |
| Year 4 | ₹2.40 L | +₹35,679 | ₹2.76 L |
| Year 5 | ₹3.00 L | +₹56,829 | ₹3.57 L |
Compare RD rates across banks before you book one.
The main NetCorpus India planner rolls this into a 50-year retirement plan alongside your loans, EPF, taxes, trips, and life goals.
Recurring Deposit maturity calculator for a fixed monthly deposit over a fixed term, with the same quarterly-compounding convention banks use for FDs.
Each monthly instalment compounds quarterly for its own remaining tenure until maturity — so the first instalment earns interest for the full term, the last one for barely a quarter. RD interest is taxed exactly like FD interest: added to income, taxed at slab rate, with TDS above the same ₹40,000/₹50,000 thresholds.
₹5,000/month for 5 years at 6.7% p.a. matures to roughly ₹3.55L, against ₹3L actually deposited — about ₹55,000 in interest before tax.
RD or SIP for a 5-year goal?▾
RD gives a guaranteed, known return with zero volatility — appropriate for a goal where you can't tolerate the amount coming in lower than planned. A SIP into equity has historically outperformed over 5+ years but with no such guarantee; the right choice depends on how fixed the deadline and amount actually are.