RD calculator
What a monthly recurring deposit grows to in any currency, its worth after tax and inflation, and the monthly sum a goal needs.
PrivateNo uploadsRuns in your browser5 thousand
5 years
4% a year, the Reserve Bank of India's target, as of 13 Nov 2026.
Maturity after 5 years
₹3,54,954
3.55 lakh
- Deposited
- ₹3,00,000
- Interest
- ₹54,954
- Maturity amount
- ₹3,54,954
After tax and rising prices
At maturity
₹3,54,954
₹3,00,000 paid in over 5 years
After tax
₹3,54,954
no tax picked
In today's money
₹2,91,746
at 4% inflation
Rates as of 13 Nov 2026: RD rates differ by bank and post office, so type yours; the sample uses 6.5%.
Year by year
| Year | Deposited | Interest | Balance |
|---|---|---|---|
| 1 | 60,000 | 2,143 | 62,143 |
| 2 | 1,20,000 | 8,425 | 1,28,425 |
| 3 | 1,80,000 | 19,122 | 1,99,122 |
| 4 | 2,40,000 | 34,527 | 2,74,527 |
| 5 | 3,00,000 | 54,954 | 3,54,954 |
How it is calculated
Maturity = Σ P × (1 + r ÷ 400)^(m ÷ 3)
P is the monthly amount, r the yearly rate and m the months each instalment stays in, from the full term for the first one down to 1 for the last. Dividing by 400 gives the rate for a quarter, and m ÷ 3 counts quarters.
Example: ₹1,000 a month for 12 months at 7%. You put in ₹12,000 and get back about ₹12,462. ₹5,000 a month for 5 years at 6.5% grows to about ₹3,54,954.
Monthly for a goal = goal ÷ (n + interest on 1 a month × (1 − tax))
₹1 a month for 12 months at 6.5% grows to 12.4286. To have ₹1 lakh in a year, save ₹1,00,000 ÷ 12.4286 = ₹8,046 a month, or ₹8,133 at the 30% slab (31.2% with cess).
How to work out RD maturity
Enter the monthly amount
Type what you will save every month and your bank's yearly RD rate.
Pick the months
Choose how long you will keep paying, from 6 months to 10 years.
Read the maturity
See what you get back, the interest earned and a year by year table. Download it as PDF or Excel.
Good to know
- Set the RD to debit on the day after your salary comes in, so the saving happens first.
- Pick a term that ends just before a known expense, such as school fees or a festival.
- Late instalments carry a small fine each month, so keep enough in the account.
- Every input is kept in the page link, so Copy link shares the exact plan.
Where people use it
Save for school fees
Set a monthly amount that ends just before the next school year starts.
Build a festival fund
Save a little each month for Diwali, Pongal or Christmas shopping.
Post office RD
Type the post office rate and 60 months to see the 5-year maturity.
First savings habit
A young earner can see how 2,000 a month adds up in two years.
Have a lump sum instead?
Use the FD page for money you already have.
FD calculator
Why this one
Each instalment is grown for exactly the months it stays, so the maturity matches bank figures instead of a rough average.
- Quarterly compounding the way banks work out RD.
- Monthly amount needed for a goal by a date, after tax.
- Maturity, interest and a yearly table.
- PDF, Excel, Word, CSV and text downloads.
What you can change
- Monthly amount
- Interest rate
- Months
- Currency and number format
People find this page by searching
- rd calculator
- recurring deposit calculator
- post office rd calculator
- rd interest calculator
- rd maturity calculator
- 5000 per month rd for 5 years
- rd calculator quarterly compounding
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- how much to save monthly to get 5 lakh
Cite this tool
- APA
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- MLA
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- Chicago
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- BibTeX
@misc{sdev-rd-calculator, title = {RD calculator}, author = {{sdev.in}}, howpublished = {\url{https://www.sdev.in/tools/rd-calculator}}, note = {Web tool} }
Questions people ask
How is RD interest worked out?
Each monthly instalment earns interest for the months it stays in the deposit, and banks add the interest every quarter. The first instalment earns for the whole term, the last one for just one month. The maturity is all of these added together.
RD or FD, which earns more?
At the same rate an FD earns more, because the whole amount is in from day one. An RD suits people who save a fixed amount from each salary rather than having a lump sum.
What if I miss an instalment?
Banks charge a small penalty for each late month, and after several missed months they may close the RD and pay the money back with interest so far. Set up an auto debit to avoid this.
Is RD interest taxed?
Yes, it is added to your income. Banks cut TDS when the interest from all your deposits with them passes the yearly limit (₹50,000, or ₹1 lakh for senior citizens, in India).
Does it work outside India?
Yes. Pick your currency and type your bank's rate. It adds interest every quarter, as banks in India, Nepal and Sri Lanka do for recurring deposits. Monthly savings plans that add interest every month (such as a DPS) earn a little more, so treat the result as a close estimate.
How much should I save every month to reach a goal?
Tap Reach a goal, type the amount you want and the date you need it. The page works out the monthly instalment, after tax if you pick a slab. Choose Today's prices if the goal is a price you see today, and it is raised by inflation to that date first.
What is the RD value after tax and in today's money?
RD interest is taxed as income at your slab (plus 4% cess in India). Pick your slab to see what you keep. The value in today's money divides that by inflation over the term, so you can see what it will really buy.
Can I use it for a post office RD?
Yes. The post office RD runs for 5 years with interest added every quarter, the same method. Type the current post office RD rate and 60 months.