RD Calculator
Recurring Deposit · Monthly Investment · Quarterly Compounding · FY 2026-27
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RD Details
Monthly Deposit₹5,000
₹500₹1L
Interest Rate6.7%
4%10%
Tenure5 Years
6 Months10 Years
Or Enter Manually
Monthly Deposit (₹)
Rate (%)
Months
Default: Post Office RD — 6.7% for 5 years (Q3 FY 2026-27, Oct–Dec 2026). For a bank RD, enter your bank's current rate.
Senior Citizen
Regular
Senior (+0.5%)
Maturity Amount
₹0
calculating...
Total Invested
₹0
Monthly × Months
Total Interest
₹0
Earnings
Effective Yield
0%
Return on invested
Invested0%
Interest0%
Summary
Monthly Deposit₹0
Tenure0 months
Interest Rate0%
Total Invested₹0
Interest Earned₹0
Maturity Value₹0
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Frequently Asked Questions
A Recurring Deposit (RD) requires you to invest a fixed amount every month, while an FD requires a lump sum investment upfront. RD is ideal for salaried individuals who want to invest from monthly income. Both offer similar interest rates with quarterly compounding.
RD interest is calculated using quarterly compounding: each monthly installment earns interest from its deposit date to maturity. The formula is M = R × [(1+i)^n – 1] / (1 – (1+i)^(-1/3)), where R is monthly deposit, i is quarterly rate, and n is number of quarters.
Most banks in India offer RD for a minimum of 6 months. The maximum tenure is typically 10 years. Post Office RD has a fixed 5-year tenure. Banks like SBI, HDFC, ICICI offer flexible tenures from 6 months to 10 years.
Yes. RD interest is fully taxable as "Income from Other Sources" at your applicable slab rate. From 1 April 2025, TDS at 10% (20% without PAN) applies only if your total interest from that bank (FDs and RDs together) exceeds ₹50,000 in a financial year (₹1,00,000 for senior citizens) — Section 393 of the Income-tax Act 2025 (old Section 194A). Post Office RD interest has no TDS but is still taxable.
Yes, most banks allow premature withdrawal of RD with a penalty of 0.5–1% on the applicable rate. Post Office RDs can be prematurely closed after 3 years. Missed installments attract a penalty of ₹1–2 per ₹100 per month.