The fixed amount deposited every month.
Your own input — check the rate your bank offers.
RD tenure in years.
Quick examples
Depositing ₹5,000/month for 5 years at 7% a year, compounded quarterly.
What each result means
Total deposited
What it is: Monthly deposit × number of months.
Your value: ₹3,00,000
Your own money.
Interest earned
What it is: Maturity value minus deposits.
Your value: ₹59,664
Growth at your assumed rate.
Maturity value
What it is: Deposits plus interest.
Your value: ₹3,59,664
The headline figure.
Year-by-year breakdown
| Year | Deposited this year (₹) | Total deposited (₹) | Interest so far (₹) | Balance at year end (₹) |
|---|---|---|---|---|
| 1 | ₹60,000 | ₹60,000 | ₹2,311 | ₹62,311 |
| 2 | ₹60,000 | ₹1,20,000 | ₹9,099 | ₹1,29,099 |
| 3 | ₹60,000 | ₹1,80,000 | ₹20,686 | ₹2,00,686 |
How to read this: each row is one year. Each monthly deposit earns interest, compounded quarterly, until maturity. The highlighted row is your final year.
Showing the first 3 of 5 years. Want charts, formulas and the full schedule? Get the detailed PDF.
What this calculator does
A recurring deposit (RD) takes the same deposit every month. Indian banks usually compound RD interest quarterly; this calculator grows each deposit at the quarterly-compounded rate for the months it stays invested.
What your result means
The maturity value is what the numbers show at your chosen rate. Actual bank figures can differ by a few rupees because of each bank's rounding and day-count conventions.
Formula
1. Maturity of one RD instalment
Symbols
- R
- Monthly deposit (₹)
- r
- Annual rate (decimal)
- k
- Months each deposit stays invested
Why this formula works
Interest compounds quarterly, so a deposit held k months grows by (1 + r/4) raised to k/3 quarters. Adding every instalment gives the maturity value.
Unit check
₹ = ₹ × (pure ratio). ✓
Worked example
₹5,000/month, 7%, 5 years (60 deposits): M ≈ ₹3,59,664 by this method.
Common mistakes
Compounding monthly instead of quarterly. Treating the RD like a single lumpsum.
Working for your numbers
- Quarterly factor = 1 + 7 ÷ 400 = 1.017500
- Months = 60
- Sum of ₹5,000 × 1.017500^(k/3) for k = 1…60 = ₹3,59,664
- Interest = ₹3,59,664 − ₹3,00,000 = ₹59,664
Frequently asked questions
Is RD interest taxable?
Yes, at your slab rate, and TDS applies above the threshold. Figures here are pre-tax.
Is the rate on this page guaranteed?
No. The rate is your own input. Banks and markets set actual rates, and they can change. This page shows what the numbers give under your assumptions.
When should I talk to a professional instead?
Before a real borrowing or investment decision, check the lender's Key Facts Statement or speak to a qualified adviser. This page is educational and does not consider your full situation.
Symbols and assumptions
- R
- Monthly deposit (₹)
- r
- Annual rate (%)
- n
- Number of months
- Deposits are made at the start of each month.
- Interest compounds quarterly (fractional quarters use the same rate).
- Does not account for income tax, TDS, fees or inflation.
- Figures are in Indian Rupees (₹).
Sources and review
Reviewed 2026-09-29 · Next review 2027-09-29
- Reserve Bank of India — Master Directions & Fair Practices Code for Lenders
- DICGC — Deposit insurance (₹5 lakh per depositor per bank)
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How it works
Regular monthly savings with quarterly compounding interest.
The formula
Standard RD compounding formula- M
- Monthly Deposit
Worked example
Saving ₹5,000 every month for 5 years.
Pro tips
- Ideal for building short-term goal-based funds.
- TDS is applicable on RD interest.
Common mistakes
- Missing monthly payments can lead to penalties.
Go deeper
Related lessons
Concepts to explore
Related guides
Institutional grade calculations are illustrative and for educational wealth architecture. Results do not constitute investment advice.