🗓️ RD Calculator
A recurring deposit locks a fixed monthly instalment for a set tenure at a fixed rate. Banks compound RD interest quarterly on each instalment — this calculator replicates that convention.
Rules & rates verified 8 July 2026 · official rate for July–September 2026 (Q2 FY 2026-27)
Inputs
Results
⚠️ Educational use only. Results are close estimates based on the latest published rules and standard conventions — actual figures can differ with rounding, fees, exact dates and future rate/rule changes. This is not investment, tax or legal advice; consult a SEBI-registered adviser or CA.
How it's calculated
Each instalment P compounds quarterly for the time it remains: A = Σ P × (1 + r/4)^(4 × months-remaining/12). Computed instalment-by-instalment.
Frequently asked questions
RD vs SIP — which should I choose?
RDs give guaranteed, slab-taxed returns (~6-7%) and suit short horizons or zero-risk needs. Equity SIPs historically return more over 5+ years but fluctuate. Many savers use RDs for near goals, SIPs for far ones.
Is RD interest taxable?
Yes, at your slab rate, with TDS above the same thresholds as FDs (₹50,000/year general, ₹1 lakh seniors).
