Recurring Deposit Calculator

Calculate RD maturity amount, interest earned with bank RD rates. Plan monthly deposits for guaranteed returns

Current RD rates: 5.5-7.5% p.a.

RD Maturity Analysis

₹0.00 Maturity Amount
₹0.00 Total Deposits
₹0.00 Interest Earned
Effective Rate: 0.00%
Total Return: 0.00%
Investment Grade: --
Increase deposit amount annually
Only for fixed amount increase

Step-up RD Analysis

₹0.00 Total Maturity Amount
₹0.00 Total Invested
₹0.00 Interest Benefit
Final Monthly Deposit: ₹0.00
Average Deposit: ₹0.00
Wealth Growth: 0.00%
Typically 0.5-1% penalty on interest

Premature Withdrawal Analysis

₹0.00 Amount You Get
₹0.00 Interest Lost
₹0.00 Penalty Amount
Deposits Made: ₹0.00
Actual Interest Rate: 0.00%
Loss Percentage: 0.00%

How to Use the Recurring Deposit Calculator

Our comprehensive recurring deposit calculator provides essential tools for RD planning and investment analysis:

🏦 Standard RD Calculator

Calculate RD maturity using formula: A = P × [(1+r/n)^(nt) - 1] ÷ (r/n) × (1+r/n). Current RD rates: SBI 6.5%, HDFC 6.75%, ICICI 6.5%, Post Office 6.9%. Quarterly compounding gives slightly higher returns than monthly. Tax on interest earned for amounts >₹40,000. Safe investment with guaranteed returns.

📈 Incremental Deposit Calculator

Calculate step-up RD with annual deposit increases. Start with lower amounts and increase by 10-15% annually. Benefits: accommodates salary growth, builds discipline gradually, higher final corpus. Formula considers varying deposit amounts over tenure. Ideal for young investors with growing income.

⚡ Premature Withdrawal Calculator

Calculate penalty and actual returns for early RD closure. Banks impose 0.5-1% penalty on interest rate. Some banks allow partial withdrawals after 1 year. Emergency situations justify premature closure despite penalty. Formula: Reduced Rate = Original Rate - Penalty Rate. Always check bank-specific terms before investing.

RD Benefits: Fixed guaranteed returns, flexible monthly deposits (₹100-₹1.5 lakh), loan against RD available, auto-renewal option, suitable for risk-averse investors. Ideal for short-term goals, building emergency corpus, disciplined savings habit. Tax-efficient for amounts under ₹40,000 annually.

Frequently Asked Questions

How is recurring deposit maturity amount calculated?
RD maturity is calculated using compound interest formula: A = P × [((1+r/n)^(nt) - 1) ÷ (r/n)] × (1+r/n). Example: ₹5,000 monthly for 5 years at 6.5% = ₹3,39,398 maturity amount. Total deposits = ₹3,00,000, interest earned = ₹39,398. Quarterly compounding typically used by most banks.
What are the current RD interest rates in India?
Current RD rates (2025): SBI 6.5%, HDFC 6.75%, ICICI 6.5%, Axis 6.75%, PNB 6.7%, Post Office 6.9%. Senior citizens get additional 0.5% interest. Small Finance Banks offer up to 8%. Rates change periodically based on RBI policy. Post Office RD offers highest rates but limited to ₹1.5 lakh monthly deposit.
Can I withdraw my RD before maturity?
Yes, premature withdrawal allowed after minimum 6 months to 1 year depending on bank. Penalty: 0.5-1% reduction in interest rate. Some banks allow partial withdrawal after 1 year. Post Office RD: no premature withdrawal, but loan available against deposit. Always check specific bank terms before investing as policies vary significantly.
What happens if I miss RD installments?
Missing RD installments: Most banks charge ₹5-25 penalty per missed installment. Account becomes irregular after 2-3 missed payments. Some banks allow grace period of 15 days. Continuous default may lead to account closure with reduced interest. Auto-debit facility recommended to avoid defaults. Default interest calculated only on deposited amount.
Is RD better than FD for regular savings?
RD vs FD for regular savings: RD better for disciplined monthly savings, builds saving habit, flexible monthly amounts, suitable for salaried individuals. FD better for lump sum investment, slightly higher interest rates, can be used as collateral easily. RD ideal for goal-based savings, FD for surplus fund investment. Both offer guaranteed returns and capital safety.