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Calculate your RD maturity value with quarterly compounding. View year-wise growth, interest earned, and compare different tenure options.
Amount you deposit each month
Bank RD interest rate
Monthly Deposit
₹5,000
Total Deposits
₹3,00,000
Total Interest
₹552
Maturity Value
₹3,00,552
Everything you need to know
Recurring Deposit (RD) is a savings scheme where you deposit a fixed amount monthly, earning compound interest.
Our RD Calculator helps you calculate maturity amount and plan systematic savings.
RD is a time-bound savings account where you:
Key Features:
Formula: Maturity Amount = Monthly Deposit × [(1 + r/4)^n - 1] / (1 - 1/(1 + r/4))
Where:
Simpler Approach: Maturity = Total Principal Deposited + Interest Earned
₹10,000/month for 5 years at 6% interest
Data:
Calculation:
Year-wise Growth:
| Feature | RD | FD |
|---|---|---|
| Payment | Monthly | One-time |
| Discipline | Forces saving | One-time commitment |
| Returns | Regular + interest | Fixed return |
| Liquidity | Withdrawable after 6 months | Withdrawable before maturity (with penalty) |
| For | Savers, regular income | Lump-sum investors |
| Bank | 6-month | 1-year | 2-year | 5-year |
|---|---|---|---|---|
| SBI | 5.5% | 5.75% | 5.75% | 6% |
| HDFC Bank | 5.5% | 5.75% | 5.75% | 6.25% |
| ICICI Bank | 5.5% | 5.75% | 5.75% | 6% |
| Axis Bank | 5.75% | 6% | 6% | 6.25% |
Interest is fully taxable as income from other sources.
TDS:
Section 80C:
After 6 months: Can withdraw
Penalty:
Example:
| Aspect | RD | SIP |
|---|---|---|
| Risk | Low (guaranteed) | Medium-High |
| Returns | 5-7% assured | 8-12% potential |
| Liquidity | After 6 months | Anytime |
| Tax | Taxable interest | LTCG taxed favorably |
| For | Conservative investors | Growth-oriented investors |
Best Choice: RD for safety, SIP for wealth building.