India RD Calculator 2025
RD Calculator —
Recurring Deposit Maturity Amount
Calculate exact Recurring Deposit maturity amount with month-by-month interest breakdown. Compare returns across banks and find the best RD for your monthly savings.
MonthlyDeposit savings
QuarterlyCompounding
SeniorRate included
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RD Details
₹ 5,000
₹500₹1L
₹
7.0%
1%12%
% p.a.
2 Years
1 yr10 yrs
Years
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Formula Used
M = R × [(1+i)ⁿ − 1] / (1 − (1+i)^(−1/3))
M = Maturity · R = Monthly Installment · i = Quarterly Rate/100 · n = Quarters
M = Maturity · R = Monthly Installment · i = Quarterly Rate/100 · n = Quarters
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Year-wise Growth| Year | Deposited | Interest Earned | Balance |
|---|
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RD SummaryMaturity Amount
₹ —
Total Deposited
₹ —
Interest Earned
₹ —
Total Months
—
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Top Bank RD Rates 2025| Bank | 1 Yr | 3 Yr | 5 Yr |
|---|---|---|---|
| SBI | 6.8% | 6.5% | 6.5% |
| Post Office | — | — | 6.7% |
| HDFC Bank | 6.6% | 7.1% | 7.0% |
| ICICI Bank | 6.7% | 7.2% | 7.0% |
| Suryoday SFB ⭐ | 8.5% | 8.5% | 8.25% |
*Rates indicative. Senior citizens get +0.25–0.5% extra. Verify before opening.
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Frequently Asked QuestionsWhat is a Recurring Deposit (RD)?+
RD is a savings scheme where you deposit a fixed amount every month for a chosen tenure. The bank pays compound interest (quarterly compounded in India). Ideal for salaried individuals who want to save monthly.
How is RD maturity calculated?+
Each installment earns compound interest from its deposit date to maturity. Total maturity = sum of all installments with their respective compounding. Formula: M = R × [(1+i)^n − 1] / (1 − (1+i)^(-1/3)) where i = quarterly rate.
What is the RD interest rate in 2025?+
SBI: 6.5–7.0%. HDFC/ICICI: 6.5–7.25%. Post Office RD: 6.7% (5-year). Small finance banks: 7.5–9.0%. Senior citizens get 0.25–0.5% extra across all institutions.
FD vs RD — which gives more returns?+
FD gives slightly more because the full principal earns from day one. RD installments join gradually so early months earn less. For same amount and rate: FD > RD. But RD suits those who save monthly rather than invest a lump sum.
Can I get a loan against my RD?+
Yes — most banks offer loans up to 90% of RD balance at 1–2% above RD rate. This is cheaper than a personal loan and avoids premature withdrawal penalty.
Is RD interest taxable?+
Yes — taxable as per your income slab. TDS deducted at 10% if annual interest > ₹40,000 (₹50,000 for seniors). Submit Form 15G/15H to avoid TDS if below taxable income.
⚠️ RD maturity calculations are estimates. Actual amount may vary slightly due to bank’s specific compounding method. Interest is taxable as per your income slab.