📅
💰
📈
🎯
Maturity
₹3.63L
📅 At tenure end
Interest
₹62.6K
▲ Earned
Invested
₹3L
Total deposits
Interest %
17%
▲ Of corpus
Recurring Deposit
Disciplined saving
Fixed Income · Monthly Saving · India · In-Browser
Recurring Deposit.
Small amounts, big corpus.
How much will your monthly RD grow to? See maturity value, interest earned, and how tenure boosts compounding — instantly. Move the sliders.
✔ 100% Free
✔ No Login
✔ No Data Stored
✔ India Bank Rates
💰 Maturity
₹3.63L
Final value
📈 Interest
₹62.6K
Total earned
📊 Invested
₹3L
Total deposits
🎯 Interest %
17%
▲ Of corpus
Live Calculator
Adjust sliders. See your maturity instantly.
Compound interest formula for monthly deposits — the same method banks use for RD calculations.
RD detailsDrag to see maturity change in real time
₹3,62,592
💰 Total invested₹3,00,000
📈 Interest earned₹62,592
📊 Interest as % of corpus17.2%
💡 Insight: Regular saving builds a compounding corpus over time.
Visual breakdownUpdates live with every slider move
Invested vs Interest
Gold: Invested · Teal: Interest earned
Corpus growth over time
Watch compounding accelerate in later years.
Your RD storyBased on your current slider values
- Monthly deposit: ₹5,000 for 5 years at 7.0%.
- Total invested: ₹3,00,000 → maturity ₹3,62,592.
- Interest earned: ₹62,592 (17.2% of final corpus).
- Key takeaway: Regular deposits harness compounding — increasing tenure dramatically boosts returns. Track your progress in the Wealth Wallet.
RD best practicesSix rules to maximise your recurring deposit returns
- Start early, stay disciplined: Even ₹5,000/mo compounds meaningfully over time. Consistency beats amount every time.
- Compare rates actively: Your rate is 7.0%. Small banks and co-operative banks often offer 0.5–1% higher. Senior citizens get an additional 0.25–0.5%.
- Use RD for short-to-medium goals: Ideal for 1–5 year goals like vacations, down payments, or topping up your emergency fund. Not a long-term wealth builder.
- Tax planning: RD interest is fully taxable as income. If you’re in the 30% bracket, consider debt mutual funds for indexation benefit after 3 years. Compare with the Tax Regime Simulator.
- Automate the deposit: Set up auto-debit on your salary credit date. A missed instalment attracts a penalty — automation prevents this.
- Review and step up annually: Increase your monthly deposit by 10% every year when you get a raise. Even a small step-up dramatically improves maturity value.
💡 Run the numbers in real context
- Compare RD vs lump-sum FD for same amount → FD Calculator
- Compare RD vs SIP for higher long-term returns → SIP vs Lumpsum Simulator
- Check if RD interest affects your tax slab → Old vs New Tax Simulator
- Before opening an RD, ensure emergency fund is in place → Emergency Fund Calculator
Frequently asked questions
maturity value
compound interest
tenure
TDS
premature withdrawal
RD vs SIP
goal planning
step-up RD
📅 RD Basics
An RD lets you invest a fixed amount every month at a pre-agreed interest rate. Your current setup — ₹5,000/mo at 7.0% for 5 years — grows to ₹3,62,592. Track your overall savings in the Wealth Wallet.
Banks use the compound interest formula for monthly deposits: M = P × [(1+r)ⁿ − 1] / r × (1+r), where r = monthly rate and n = months. Interest contributes 17.2% of the final corpus. Your interest earned is ₹62,592. Compare with the FD Calculator for lump-sum alternatives.
📈 Interest & Returns
Typical RD rates range from 5–8% depending on the bank and tenure. Your current rate of 7.0% is competitive. Small finance banks often offer 0.5–1% more. Check the Tax Regime Simulator to see how interest income affects your overall tax.
Longer tenure amplifies compounding significantly. Your 5-year RD earns ₹62,592 in interest. Doubling the tenure more than doubles the interest earned. Use the Savings Sprint Simulator to plan longer-horizon goals.
📊 Comparing with Other Tools
RD offers guaranteed fixed returns (debt instrument), making it safe and predictable. SIP in equity mutual funds has higher return potential (11–14% historically) but with market risk. RD is for short-to-medium goals; SIP is for long-term wealth creation. Use the SIP vs Lumpsum Simulator to compare potential equity returns.
Yes, but banks charge a premature withdrawal penalty of 0.5–1% on the applicable rate, reducing your effective return. A better strategy is to maintain an emergency fund so you never need to break an RD. Use the Emergency Fund Calculator to ensure you have a liquid cushion.
💰 Tax & Planning
Yes — RD interest is added to your income and taxed at your slab rate. TDS is deducted at 10% if annual interest across all deposits exceeds ₹40,000 (₹50,000 for seniors). Your interest of ₹62,592 over 5 years is taxable annually. Consider the Investment Wallet for tax-efficient alternatives like ELSS.
Absolutely — RD is ideal for goal-based saving. After 5 years, your total invested is ₹3,00,000 with a maturity of ₹3,62,592. Pair this with the Family Life Stage planner for larger property goals.
Always build your emergency fund (3–6 months of expenses) before locking money into an RD. RD is not accessible without penalty — your emergency fund must be immediately liquid. Check your coverage with the Emergency Fund Calculator.
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