RD Calculator India 2026
Calculate Recurring Deposit maturity amount, total deposits vs interest — monthly growth chart
RD Details
Senior Citizen (60+)
+0.50% additional interest
Total Deposited
₹1.80 L
Interest Earned
₹20,686
Maturity Amount
₹2.01 L
10%
returns
₹5,000/mo for 36 months = ₹2.01 L
📊 Deposit vs Interest Growth
🏦 Best RD Rates Comparison
Post Office RD
6.70% p.a.
₹2.00 L
+₹19,746 interest
SBI RD
7.10% p.a.
₹2.01 L
+₹21,001 interest
HDFC Bank RD
7.25% p.a.
₹2.01 L
+₹21,474 interest
🔗 Related Calculators
📤 Share this tool
📖 Learn More About RD Calculator India 2026
RD Calculator — Recurring Deposit Returns 2026
Use this RD calculator to estimate maturity value of your monthly recurring deposits. Calculates using the standard quarterly compounding formula used by Indian banks and Post Office.
Best RD Rates in India (2026)
Post Office RD: 6.7% (5-year scheme). SBI RD: 6.5-7.1% (senior: +0.5%). HDFC Bank: 6.5-7.25%. Small finance banks like Jana Bank and ESAF: up to 9%.
RD vs FD — When to Choose?
Choose RD when you don't have a lumpsum but can commit monthly. Choose FD for lumpsum investing. RD is great for salaried individuals to build disciplined savings. FD suits retirees or those with seasonal income.
Frequently Asked Questions
What is a Recurring Deposit (RD)?
An RD is a savings scheme where you deposit a fixed amount every month for a predefined tenure, earning compound interest. It's ideal for building a savings habit.
How is RD maturity calculated?
Each monthly installment earns compound interest (quarterly compounding for most banks) for its remaining tenure. Total maturity = sum of all installment maturity values.
RD vs SIP — which is better?
RD offers guaranteed returns (6-7.5%) with zero risk. SIP (mutual funds) offers potentially higher returns (10-15%) with market risk. RD is better for short-term goals, SIP for long-term wealth.
Can I break an RD before maturity?
Yes, most banks allow premature RD closure with a penalty of 0.5-1% on the applicable interest rate. Post Office RD requires minimum 1 year of deposits.
Is RD interest taxable?
Yes, RD interest is fully taxable as per your income tax slab. TDS applies if interest exceeds ₹40,000/year (₹50,000 for senior citizens).