Recurring Deposit Calculator India
Calculate maturity returns and quarterly compounding interest for monthly bank and Post Office Recurring Deposits.
About Recurring Deposits (RD)
Recurring deposits allow disciplined monthly savings compounding quarterly per Indian banking and Post Office standards.
Calculation Logic
Each monthly installment earns interest based on the number of quarters remaining until total account maturity.
Frequently Asked Questions
Is RD interest taxable?
Yes. Interest is added to other income and taxed at your applicable slab rate, with TDS applicable above statutory limits.
Can I miss an RD installment without penalty?
Banks typically levy a nominal penalty (e.g., ₹1.50 per ₹100 per month) for delayed monthly installments.
Can an RD account be closed prematurely?
Yes, but banks usually deduct a 1% penalty on the applicable interest rate for the actual duration held.
Are Post Office RD rates identical to bank RD rates?
Post Office RDs are sovereign-backed and set quarterly by the Ministry of Finance, whereas commercial banks declare independent rates.
Calculate in three steps
- 1Enter your valuesUse the fields above and check the units shown beside each input.
- 2Run the calculationSelect Calculate to refresh the result with your latest values.
- 3Review or shareCompare the result, reset the form, print it, or share this page.