Calculate Recurring Deposit maturity
This RD calculator helps you calculate recurring deposit maturity amount and interest earned with quarterly compounding. Compare RD rates across SBI, HDFC, ICICI, and Post Office. Features bank comparison and monthly deposit planning.
Our RD Calculator helps you calculate the maturity value of your recurring deposit. It uses quarterly compounding (as per bank standards) and shows bank-wise comparison for informed decision making.
RD is a savings scheme where you deposit a fixed amount every month for a set period. Interest is compounded quarterly, and you receive the maturity amount at the end of tenure. It helps inculcate a regular savings habit.
RD interest is compounded quarterly. Each monthly deposit earns interest from its deposit date to maturity. The formula considers quarterly compounding: A = P × (1 + r/4)^(4n) for each installment, where r is annual rate and n is years.
RD rates in 2025 range from 6.5% to 7.5% depending on the bank. SBI offers around 6.80%, while small finance banks offer up to 8.5%. Senior citizens typically get an additional 0.50% on most RD schemes.
Yes, RD interest is taxable as per your income slab. TDS of 10% is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if total income is below taxable limit.