Calculate Recurring Deposit maturity
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.