RD Calculator
Recurring Deposit maturity value for monthly savings at quarterly compounding.
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About this calculator
A Recurring Deposit lets you save a fixed amount every month while earning FD-like interest. Every instalment earns interest for a different length of time, so the maturity depends on both the rate and when each instalment was made.
Formula
Each of the n monthly deposits compounds quarterly at r/4 per quarter until maturity; the maturity is the sum of all compounded instalments.
Frequently Asked Questions
How is RD different from SIP?
RD earns a fixed, guaranteed interest like an FD. A SIP buys market-linked fund units whose value moves up and down. Use the SIP calculator for market projections and RD for certain outcomes.
Are RD interest earnings taxed?
Yes — RD interest is added to your taxable income each year and taxed at your slab rate; TDS may also apply.