RD Calculator: What a Monthly Recurring Deposit Matures To

SarbatDaBhalla  · September 4, 2026

Disclaimer: A planning aid, not financial advice. Rates, tax treatment and TDS thresholds vary between banks, change over time, and depend on your residency. Verify with your bank or a qualified advisor.

Each instalment earns interest only from the month it is paid in, so the first earns for the whole tenure and the last for almost none. That is why an RD at the same advertised rate as an FD returns less.

Deposit calculator

Maturity value
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You deposit ₹0 Interest ₹0
Estimate only, not advice.
Your deposit
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% p.a.
years
Payout suits someone living off the interest. Cumulative compounds and ends up worth more.
Senior citizen rate For depositors aged 60+ — enter the extra rate your bank pays
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Estimate tax and TDS Shows what the bank withholds against what you actually owe
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Balance over time

Hover any point to read the exact figure for that period.

Balance over time

Principal vs interest

Schedule

PeriodInterest Paid outBalance
This is an estimate, not advice. Banks vary slightly in how they round and compound, and premature withdrawal usually reduces the effective rate and may attract a penalty — neither is modelled here. Confirm the exact terms with your bank, and your tax position with a chartered accountant.
Interest is taxed as it accrues. Unlike a mutual fund, where tax falls due only when you redeem, deposit interest is taxable in the year it is credited or accrues, at your slab rate under "income from other sources" — even on a cumulative deposit where you have not received a rupee yet. TDS is only an advance collection against that liability, not the liability itself.
If you are an NRI: this estimates Indian tax only. Your country of residence may also tax this interest as worldwide income, and India's tax treaties reduce the double burden differently for each country. NRE and FCNR interest being exempt in India does not mean it is exempt where you live.
Calculated in your browser. Nothing is uploaded, logged or stored.

Notes

Everything the FD calculator does — compounding and payout options, tax treatment, the NRO versus NRE comparison and the full schedule — applied to a monthly instalment. Tenures here are set in months rather than years.

FD calculator for a lump sum · Investment calculator for the same monthly shape at a very different risk · NRO and NRE accounts