💳 RD Calculator

Calculate maturity amount and interest for your Recurring Deposits

Deposit Details

1 to 600 months (50 years)

Enter your RD details and click Calculate to see results

❓ Frequently Asked Questions

What is a Recurring Deposit?▼

A Recurring Deposit (RD) is a savings scheme where you deposit a fixed amount monthly for a specified period. It helps build discipline in saving and offers fixed returns with compound interest.

What are the benefits of RD over savings account?▼

RD offers higher interest rates compared to regular savings accounts, promotes regular saving habit, has flexible tenure options, and provides fixed returns with compound interest.

Can I break my RD before maturity?▼

Yes, most banks allow premature withdrawal after a certain period (usually 6 months), but with penalty. After 1 year, you may get better withdrawal terms with minimal penalty.

What happens if I miss a monthly deposit?▼

If you miss a monthly deposit, you can deposit it later with penalty. If you don't deposit within a specified period (usually 2-3 months), the RD account may be closed.

Is RD interest taxable?▼

Yes, interest earned on RD is taxable income. Form 15G/15H is required if interest exceeds ₹40,000 (or ₹50,000 for senior citizens) annually.