About the RD Calculator
A Recurring Deposit (RD) lets you deposit a fixed amount every month for a set period and earn interest, like an FD you build gradually.
Enter the monthly deposit, rate and years to see the maturity value.
Formula used
Each deposit earns interest for its remaining months with quarterly compounding: M = Σ D × (1 + r/400)^((n − k + 1)/3) for k = 1 to n months.
Frequently asked questions
What is the minimum RD period?
Most banks allow terms from 6 months to 10 years. Check your bank.
What if I miss a deposit?
Banks usually charge a small penalty for each missed instalment.
Is RD interest taxable?
Yes, it is taxed at your income-tax slab rate.