Advanced Recurring Deposit Calculator

Calculate your recurring deposit returns with our comprehensive calculator featuring interactive charts, tenure comparisons, and detailed analysis

Recurring Deposit Calculator

Calculate your RD returns with advanced features and tenure comparisons

Deposit Parameters

Minimum ₹100. This is the amount you'll deposit every month.
Minimum ₹100 per month
Current RD rates typically range from 5% to 8%.
Current rates: 5-8%
RD tenure in years. Most RDs have 1-10 year tenure.
1 to 10 years
How often interest is compounded. Quarterly is most common.

Advanced Options

Tax rate on RD interest. Varies based on income slab.
Based on your tax slab
Expected inflation rate for calculating real returns.
For real returns calculation

Understanding Recurring Deposits

What is Recurring Deposit?

Recurring Deposit (RD) is a term deposit offered by banks which allows customers to deposit a fixed amount every month and earn interest at the same rate as applicable for Fixed Deposits.

Benefits of RD
  • Disciplined saving with regular deposits
  • Higher interest rates than savings accounts
  • Flexible tenure options (1-10 years)
  • Loan facility against RD
  • Suitable for small investors
How RD Interest is Calculated

RD interest is calculated using compound interest formula on the monthly deposits. Each deposit earns interest for the remaining tenure period.

Important Considerations
  • Interest earned is taxable as per income tax slab
  • Penalty for missing monthly deposits
  • Premature withdrawal may attract penalty
  • Consider inflation impact on real returns
  • Auto-debit facility available for convenience
Important Note

Recurring deposits are subject to interest rate changes and tax implications. The calculations provided are for illustrative purposes only. Please consult with your bank for exact terms and conditions.

Current RD Rates (Indicative)

SBI
1-5 years
HDFC Bank
5.75-6.75%
1-10 years
ICICI Bank
5.5-6.5%
1-10 years
Axis Bank
5.75-6.75%
1-10 years
*Rates are indicative and subject to change. Please check with respective banks for current rates.
Related Calculators
SIP Calculator Fixed Deposit Calculator PPF Calculator EMI Calculator
RD Investment Tips
  • Start early for better compounding
  • Choose auto-debit for consistency
  • Compare rates across banks
  • Consider tax implications
  • Plan for inflation impact
5.5-6.5%