RD Calculator
Maturity value of a bank or Post Office recurring deposit, compounded quarterly.
What your deposits are worth over time
Value built up so far on the same RD, not what you'd get by closing it early: banks charge a penalty for premature closure.
| After month | Deposited | Interest | Value |
|---|---|---|---|
| 12 | ₹60,000 | ₹2,210 | ₹62,210 |
| 24 | ₹1,20,000 | ₹8,694 | ₹1,28,694 |
| 36 | ₹1,80,000 | ₹19,746 | ₹1,99,746 |
| 48 | ₹2,40,000 | ₹35,679 | ₹2,75,679 |
| 60 | ₹3,00,000 | ₹56,829 | ₹3,56,829 |
How RD interest is calculated
Banks and India Post compound RD interest every quarter. Each monthly deposit earns interest for the months it stays in the account: the first for the full term, the last for one month. So the maturity value is the sum of every instalment grown at the quarterly rate. Your bank's figure can differ by a few rupees because of rounding and the exact deposit dates.
RD interest is taxable at your slab rate, and banks deduct TDS if your total interest from them goes above the yearly limit.
Estimates only, not financial advice. Your bank's or fund's actual figures can differ (rounding, fees, taxes, date conventions). Calculated in your browser; nothing you enter is sent anywhere.