CalcVind

RD Calculator

Maturity value of your recurring deposit

Deposit Details

₹

₹5,000 · 5 thousand

Post office 5-year RD: 6.7%. Banks: about 6–7.5%

%
months

Interest is compounded quarterly, as banks and India Post do.

Your RD Maturity

₹3,56,829Maturity value
₹3,00,000Total deposited
₹56,829Interest earned
3.57 lakh
Maturity in words
60
Instalments
  • Deposits₹3,00,000(84%)
  • Interest₹56,829(16%)

Value at the end of each year

YearDeposited so farValueInterest so far
1₹60,000₹62,210₹2,210
2₹1,20,000₹1,28,694₹8,694
3₹1,80,000₹1,99,746₹19,746
4₹2,40,000₹2,75,679₹35,679
5₹3,00,000₹3,56,829₹56,829
  1. 1
    Enter the monthly deposit
    The amount you'll save each month
  2. 2
    Add rate and tenure
    From your bank or post office
  3. 3
    See the maturity value
    And the interest you earn

How is RD maturity calculated?

Each monthly instalment earns interest, compounded every quarter, for the months it stays in the account. The first instalment earns for the full term, the last for one month.

M = Σ P × (1 + r ÷ 4)^(4 × t)

P = monthly deposit, r = yearly rate ÷ 100, t = years each instalment stays deposited

Post office vs bank RD

The post office RD runs for 5 years at 6.7% (rate for October–December 2026), with deposits from ₹100 a month. Bank RDs offer tenures from 6 months to 10 years at rates that differ by bank, usually higher for senior citizens.

Tax on RD interest

RD interest is taxable at your slab rate each year. Banks deduct 10% TDS if your total interest from the bank crosses ₹50,000 in a year (₹1 lakh for senior citizens).

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Frequently asked questions

What happens if I miss an RD instalment?

Banks and the post office charge a small penalty for late instalments. After several missed instalments the account may be discontinued, so set up an auto-debit.

Can I withdraw from an RD early?

Yes, with a penalty, usually a lower interest rate. Post office RD allows a loan of up to 50% of the balance after one year.

Why is my bank's figure slightly different?

Banks may round differently or count the deposit date within the month. The difference is usually a few rupees.

These results are estimates for planning only, not financial, investment or tax advice. Rates and rules change, and your bank, fund house or employer may calculate slightly differently. Check with them or a qualified adviser before you decide.

Sources

Last reviewed: October 2026