RD Calculator
See the maturity of a monthly recurring deposit with quarterly compounding.
Fixed amount you deposit each month
Annual rate offered by the bank
6 months to 10 years
Total deposited
₹3.60 L
₹3,60,000
Interest earned
₹41.4 K
₹41,373
Maturity value
₹4.01 L
₹4,01,373
Growth over the tenure
How this is calculated
How it works: Each monthly instalment earns interest compounded quarterly until maturity. We grow the running balance at the monthly equivalent of the quarterly rate, closely matching the bank method.
RD interest is fully taxable at your slab; banks deduct TDS above a threshold.
Want to actually invest this plan?
Talk to a SEBI / AMFI-registered advisor — zero fees from your side.
Frequently asked questions
How is RD maturity calculated?
Each monthly deposit earns interest compounded quarterly until maturity, so earlier instalments earn more. We compound the running balance at the monthly equivalent of the quarterly rate, which matches the bank method closely.
Is RD interest taxable?
Yes — RD interest is fully taxable at your income-tax slab and banks deduct TDS above a threshold. It is a safe, fixed-return product suited to short-term goals.
RD vs SIP — which is better?
An RD offers a fixed, guaranteed return with no market risk, ideal for short horizons. A SIP in mutual funds carries market risk but has historically delivered higher long-term returns. Choose based on your goal and time frame.