RD Calculator - Recurring Deposit Maturity Calculator

Q: How is RD maturity calculated?

Each monthly RD deposit earns compound interest for the remaining months until maturity. The maturity value is the sum of every monthly instalment grown at the applicable interest rate.

Q: What is the difference between FD and RD?

An FD is a one-time lump-sum deposit, while an RD lets you save a fixed amount every month. RD is ideal for building a disciplined savings habit from regular income.

Q: Can I miss an RD instalment?

Missing instalments may attract a small penalty and can affect your maturity value. YoursPay sends reminders so you never miss a deposit.

Q: Is RD interest taxable?

Yes, interest earned on a recurring deposit is taxable as per your income tax slab, and TDS rules may apply.

Calculate Your RD Returns

Savings Frequency

Amount (₹)

No. of months

Expected annual return (%)

Amount at the end of the tenure

₹0

Total Savings₹0

Interest Earned₹0

*Compounded in line with the savings frequency. Indicative only - confirm current rates at our Salem branch.

Start an RD with YoursPay

What is a Recurring Deposit?

A Recurring Deposit (RD) lets you save a fixed amount every month for a chosen tenure, earning compound interest on every instalment. It's the perfect way to turn small, regular savings from your monthly income into a meaningful corpus - without needing a large lump sum upfront. RDs are especially popular among salaried individuals and families in Salem planning for education, festivals or future goals.

Use the RD calculator above to find out exactly how much your monthly savings will grow by maturity.

Benefits of a Recurring Deposit

Disciplined saving - a fixed monthly commitment builds a strong savings habit.
Guaranteed returns - your interest rate is fixed for the entire tenure.
Low entry amount - start with a small monthly deposit that suits your budget.
Goal-based saving - ideal for planned expenses like education or a wedding.
Reminders & support - YoursPay reminds you so you never miss an instalment.

How RD Interest is Calculated

In a recurring deposit, each monthly instalment earns compound interest for the number of months remaining until maturity. Because earlier deposits stay invested longer, they earn more interest. The total maturity value is the sum of all instalments, each grown at the applicable rate:

M = Σ P × (1 + i)^{(n − k + 1)}

Where P is the monthly deposit, i is the monthly interest rate, n is the total number of months and k is the instalment number. The calculator above applies monthly compounding for an accurate estimate.

FAQ

Recurring Deposit FAQs

How is RD maturity calculated?

Each monthly deposit earns compound interest for the remaining months until maturity. The maturity value is the sum of every instalment grown at the applicable rate.

What is the difference between FD and RD?

An FD is a one-time lump-sum deposit; an RD lets you save a fixed amount every month - ideal for building savings from regular income.

Can I miss an RD instalment?

Missing instalments may attract a small penalty and can reduce your maturity value. We send reminders so you never miss a deposit.

Is RD interest taxable?

Yes, RD interest is taxable as per your income tax slab, and TDS rules may apply.

Calculate Your RD Returns

What is a Recurring Deposit?

Benefits of a Recurring Deposit

How RD Interest is Calculated

Recurring Deposit FAQs

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