Recurring Deposit (RD) Calculator – Calculate Monthly RD Maturity, Interest & Schedule
Calculate Recurring Deposit maturity value, quarterly compounding interest, senior citizen +0.50% rates, TDS status, and year-by-year RD growth schedule table.
Adds +0.50% interest bonus
Standard for Indian Bank & Post Office RDs
Year-by-Year RD Growth & Balance Schedule
Progression of cumulative monthly installments, quarterly compounded returns, and closing value.
| Year | Monthly Deposit | Annual Deposited | Total Invested | Interest Gained | Closing Balance |
|---|
How to Use this Calculator & Formula Breakdown
Step 1: Input Financial Parameters
Enter your monthly RD installment amount in Rupees.
Step 2: Instant Client-Side Computation
Set annual interest rate % and duration in years with senior citizen toggle.
Step 3: Analyze Visual Breakdown & Amortization
Explore live interactive Chart.js donut chart, TDS status, and full year-by-year RD schedule table.
Mathematical Algorithm & Formula
Frequently Asked Questions (FAQs)
How is Recurring Deposit (RD) interest calculated in Indian banks and Post Office?
Indian banks and the Department of Posts calculate RD interest using a quarterly compounding formula where each monthly deposit earns interest for the remaining tenure compounded every 3 months.
What is the difference between an RD (Recurring Deposit) and a SIP (Systematic Investment Plan)?
An RD provides 100% guaranteed fixed returns backed by DICGC/Government of India with zero market risk. A SIP invests monthly installments into market-linked Mutual Funds offering higher potential returns (12%-15% CAGR) with equity market volatility.
Is TDS deducted on Recurring Deposit interest?
Yes, under Section 194A, banks deduct 10% TDS if the total interest across all FDs and RDs held with the bank exceeds ₹40,000 per financial year for regular individuals or ₹50,000 for senior citizens.
Can you avail a loan against an active Recurring Deposit account?
Yes! Most public and private commercial banks allow depositors to take an instant overdraft or loan of up to 85% to 90% of their accumulated RD balance at an interest rate just 1% to 2% above the RD rate.
What happens if you miss an RD monthly installment deposit?
If you fail to pay an installment on time, banks levy a nominal penalty (usually ₹1 to ₹1.50 per ₹100 per month). If consecutive installments are missed (usually 4 to 6 months), the bank may prematurely close the RD account.
What is the minimum and maximum duration for an RD account in India?
The minimum tenure for a bank RD is 6 months, while the maximum is 10 years (120 months). For Post Office RD, the standard mandatory tenure is 5 years (60 months).
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