Recurring Deposit (RD) Calculator
Estimate your maturity payout, total interest accrued, and effective annual yield (APY) on monthly recurring deposits using standard RBI quarterly compounding conventions.
Adjust Parameters
Monthly installment deposited into your recurring deposit account.
Compounded quarterly per standard Indian banking and Post Office regulations.
Available in 1 to 10 year maturities across commercial banks.
After 3 Years (36 Months) of monthly installments
+11.1% over total deposit
36 monthly deposits of ₹5,000
Contracted rate: 6.8%% p.a.
Breakdown
Total: ₹2,00,059| Category | Amount | Percentage |
|---|---|---|
| Principal Deposited | ₹1,80,000 | 90.0% |
| Interest Earned | ₹20,059 | 10.0% |
Year-by-Year RD Progression
Cumulative deposits and interest accrual schedule
| Year | Deposited to Date | Interest in Year | Cumulative Interest | Closing Balance |
|---|---|---|---|---|
| Year 1 | ₹60,000 | +₹2,244 | ₹2,244 | ₹62,244 |
| Year 2 | ₹1,20,000 | +₹6,585 | ₹8,829 | ₹1,28,829 |
| Year 3 | ₹1,80,000 | +₹11,230 | ₹20,059 | ₹2,00,059 |
Tenure Sensitivity for ₹5,000/Month
Maturity values at 6.8%% across standard deposit terms
| Tenure | Total Deposited | Total Interest | Maturity Amount | Annual Yield (APY) |
|---|---|---|---|---|
| 6 Months | ₹30,000 | +₹597 | ₹30,597 | 6.98% |
| 1 Years (12 mos) | ₹60,000 | +₹2,244 | ₹62,244 | 6.98% |
| 2 Years (24 mos) | ₹1,20,000 | +₹8,829 | ₹1,28,829 | 6.98% |
| 3 Years (36 mos) | ₹1,80,000 | +₹20,059 | ₹2,00,059 | 6.98% |
| 5 Years (60 mos) | ₹3,00,000 | +₹57,771 | ₹3,57,771 | 6.98% |
| 10 Years (120 mos) | ₹6,00,000 | +₹2,58,986 | ₹8,58,986 | 6.98% |
How Recurring Deposit (RD) is Calculated
Transparent mathematical formulas and assumptions used across our financial engines.
Variables & Legend
Conventions & Assumptions
- Compounded quarterly in accordance with Indian Banks' Association (IBA) and Reserve Bank of India (RBI) directives.
- Each monthly installment stays invested for a different number of months, earning compound interest until final maturity.
- Senior citizens (aged 60 and above) generally receive an additional 0.50% per annum across Indian public and private sector commercial banks.
- Under Section 194A, TDS is applicable on cumulative bank interest across branches exceeding ₹40,000 per financial year (₹50,000 for senior citizens).
Frequently Asked Questions
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