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Plan your monthly savings and see exactly how much your recurring deposit will grow at maturity.
* Results are indicative. Actual FD/RD maturity values may differ based on bank-specific rates, compounding frequency, and applicable TDS. Rates are subject to change without notice.
Recurring Deposit maturity is calculated by compounding each monthly installment separately for its respective remaining tenure, then summing all installments plus accrued interest. Our calculator handles this complex calculation instantly — just enter your monthly deposit, interest rate, and tenure.
In a Fixed Deposit (FD), you invest a lump sum once. In a Recurring Deposit (RD), you invest a fixed amount every month. RD is ideal for building a saving habit with a smaller monthly outlay, while FD suits those who already have a lump sum to invest.
Yes, RD interest is fully taxable as per your income tax slab, similar to FD. Banks deduct TDS if interest earned exceeds ₹40,000 per year (₹50,000 for senior citizens).
Most banks charge a small penalty (typically ₹1–₹15 per ₹100 per month) for missed RD installments. Some banks may close the RD account if multiple installments are missed consecutively. Check your bank's specific policy.
Yes, premature withdrawal is allowed but usually comes with a reduced interest rate or penalty, similar to FD. Check with your bank for exact terms.
