| Month | Invested | Interest | Balance | After Tax |
|---|
Recurring Deposit Calculator – Calculate RD Maturity & Interest
The PlanMyReturns Recurring Deposit (RD) Calculator helps you calculate how much your monthly RD investment will grow over time, including total interest earned, maturity value, inflation-adjusted value, and post-tax returns.
It is designed for people who want clarity before starting an RD, not rough estimates.
What Is a Recurring Deposit (RD)?
A Recurring Deposit (RD) is a fixed-income investment where you deposit a fixed amount every month for a chosen period and earn interest on each deposit until maturity.
RDs are commonly offered by:
- Banks
- Post offices
- NBFCs
They are widely used for short- to medium-term savings goals such as:
- Emergency fund
- Education expenses
- Travel planning
- Safe wealth accumulation
Why People Use an RD Calculator
Most users are searching for answers like:
- How much will my RD be worth at maturity?
- How much interest will I earn on my monthly deposits?
- Is RD better than FD or SIP for my goal?
- How does compounding frequency affect RD returns?
- What will my RD be worth after tax and inflation?
This calculator is built to answer all of the above, accurately.
What This RD Calculator Calculates
Using this calculator, you can see:
- Total amount invested
- Total interest earned
- Final RD maturity value
- Month-by-month investment growth
- Impact of compounding frequency
- Inflation-adjusted maturity value
- After-tax maturity value
- Visual breakup of invested amount vs interest
- Downloadable and shareable RD plan
Monthly Deposit Amount
You start by entering your monthly RD amount, such as:
- ₹2,000
- ₹5,000
- ₹10,000 or more
The calculator assumes the same deposit every month, which matches real RD rules.
RD Period: Years or Months (Flexible)
Unlike basic calculators, this one lets you choose tenure in:
- Years (1 year, 3 years, 5 years, 10 years)
- Months (custom duration)
This flexibility helps you model both short-term and long-term RD goals accurately.
Interest Rate (As Offered by Bank or Post Office)
Enter the annual interest rate offered by your bank or post office.
The calculator works with:
- Bank RD rates
- Post office RD rates
- NBFC RD rates
You can change rates anytime to compare scenarios.
Compounding Frequency
Your RD interest depends heavily on how often interest is compounded.
This calculator supports:
- Quarterly compounding (most common)
- Monthly compounding
- Semi-annual compounding
- Annual compounding
The maturity value adjusts automatically based on your selection.
Advanced Options: Inflation & Tax Impact
Most RD calculators ignore real-world effects. This one doesn’t.
Inflation Adjustment
You can enter expected inflation to see:
- What your RD maturity is worth in today’s money
This is crucial for long-term RD planning.
Tax Bracket Impact
Since RD interest is fully taxable, you can:
- Enter your tax slab
- Instantly see post-tax maturity value
This helps in accurate return comparison with FD, SIP, or debt funds.
RD Calculation Formula
RD maturity is calculated by compounding each monthly deposit for the remaining tenure.
A = P × (1 + r/n)^(n×t)
Where:
- A = maturity value
- P = monthly deposit
- r = annual interest rate
- n = compounding frequency
- t = time (in years)
This calculator applies the formula iteratively for each month, which is why the results are highly accurate.
RD Example
Suppose you invest ₹5,000 per month for 3 years at 7% interest with quarterly compounding.
- Total invested: ₹1,80,000
- Interest earned: ~₹20,000
- Maturity value: ~₹2,00,000
If you apply:
- 6% inflation → real value reduces
- 20% tax slab → post-tax returns reduce
The calculator shows all these values clearly.
Monthly RD Breakdown
This calculator provides a month-by-month table, showing:
- Total invested till that month
- Interest earned
- RD balance
- After-tax value
This level of transparency is rarely available in RD calculators.
Quick RD Scenarios (One-Click Planning)
You can instantly evaluate common RD use cases like:
- Short-term RD
- Medium-term savings
- Long-term disciplined saving
- Low-ticket long-duration RD
These are prefilled with realistic values to save time.
RD vs Other Investment Options
RD vs FD
| Feature | RD | FD |
|---|---|---|
| Investment | Monthly | Lump sum |
| Flexibility | High | Low |
| Discipline | Strong | Moderate |
| Returns | Similar | Similar |
RD vs SIP
| Feature | RD | SIP |
|---|---|---|
| Risk | Very low | Market-linked |
| Returns | Predictable | Variable |
| Tax | Fully taxable | Depends on fund |
RD vs PPF
| Feature | RD | PPF |
|---|---|---|
| Lock-in | Short | 15 years |
| Risk | Low | Very low |
| Tax benefit | No | Yes |
Who Should Use This RD Calculator
- First-time investors
- Conservative savers
- People planning short- or medium-term goals
- Users comparing RD with FD or SIP
- Anyone wanting tax- and inflation-aware RD returns
Why PlanMyReturns RD Calculator Better
- Month-wise RD calculation
- Multiple compounding options
- Inflation and tax impact
- Visual maturity breakup
- Shareable and downloadable plans
- Clean UX with no forced signup
Frequently Asked Questions
Yes, RD interest is fully taxable as per your income slab.
Quarterly compounding is the most common and realistic.
RD is better for disciplined monthly savings. FD suits lump sums.