RD Calculator
A recurring deposit (RD) lets you save a fixed amount every month at a fixed interest rate. This calculator shows the maturity amount for bank and post office RDs.
How to use it
- Enter your monthly deposit, the interest rate and the tenure.
- Choose Post office to use the current 5-year rate.
- See the deposit and interest for every year.
How it is calculated
Each instalment grows with quarterly compounding for the months it stays deposited: maturity = sum of P x (1 + r/4)^(4 x months left / 12).
Frequently asked questions
What is the maturity of Rs 5,000 a month for 5 years in a post office RD?
At 6.7% it is about Rs 3.57 lakh, of which Rs 3 lakh is your deposits.
What is the post office RD rate now?
6.7% a year for October to December 2026, for a 5-year term.
What if I miss an instalment?
Banks and the post office charge a small penalty, and repeated misses can close the RD.
Is RD interest taxable?
Yes, at your slab rate. TDS rules are the same as for fixed deposits.