📅 Save · Compound · Grow
Recurring Deposit.
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. 100% private, no data stored.
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🔒 Data stays in your browser
₹3.63L
💰 Maturity
₹62.6K
📈 Interest
₹3L
📊 Invested
17%
🎯 Interest %
Invested vs InterestGold: Invested · Green: Interest earned
Gold: Invested · Green: Interest earned
📖
Your RD story — based on current selection
Real-time RD breakdownWith a monthly deposit of ₹5,000 for 5 years at 7.0% p.a., your total investment of ₹3,00,000 will grow to ₹3,62,592. Interest earned: ₹62,592 — that’s 17.2% of your final corpus. Longer tenure significantly boosts compounding.
RD best practices
- Start early, stay disciplined: Even ₹5,000/mo compounds meaningfully. 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.
🧮 What’s Next? Keep Building Your Financial Plan
- After RD Calculator → track your savings in the Wealth Wallet
- Compare RD vs SIP → SIP vs Lumpsum Simulator
- Plan lump-sum investments → FD Calculator
- Build emergency fund → Emergency Fund Calculator
Explore More
Recurring Deposit Deep Dive
Everything you need to know about RD — from interest calculation to tax planning and goal setting.
Recurring Deposit Interest Calculation India: Formula & Example
Understand the compound interest formula banks use for RD.
Read →RD Tax Benefit India: Is RD Interest Taxable? (2026)
TDS rules, 80C deductions, and tax planning for RD investors.
Read →RD vs FD India: Which Is Better for Your Savings Goal?
Liquidity, returns, and lock-in — compare side by side.
Read →Can You Use RD for Emergency Fund? Pros, Cons & Better Alternatives
Why your emergency fund should not be in a recurring deposit.
Read →Step‑Up RD Strategy: How Increasing Monthly Deposit Boosts Maturity
Even 10% annual step‑up dramatically improves your final corpus.
Read →Best RD Interest Rates in India 2026: Bank-wise Comparison
Find the highest rates for your recurring deposit.
Read →Frequently asked questions
maturity valuecompound interesttenure
TDSpremature withdrawalRD vs SIP
📅 RD Basics
A recurring deposit (RD) is a fixed-income savings scheme where you invest a fixed amount every month at a pre-agreed interest rate. The bank compounds interest quarterly, and you receive a lump sum (principal + interest) at maturity. 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. Senior citizens get an additional 0.25–0.5%. 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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