RD Calculator India 2026 — Recurring Deposit Maturity

📆 RD Details

Monthly Deposit

₹

Interest Rate (p.a.)

SBI: 6.8% · HDFC: 7.0% · ICICI: 7.1% · Post Office: 6.7%

Tenure

2 years

ℹ️ RD Formula

M = R × [(1+i)^n − 1] / (1 − (1+i)^(−1/3)) · where i = rate/400, n = quarters

Maturity Amount

^₹0

Invested Amount ₹0

Interest Earned ₹0

Total Value ₹0

💡 Smart Insights

📊 Quarter-by-Quarter RD Growth

Quarter	Deposited	Interest	Balance

RD Calculator — Recurring Deposit India 2026

A Recurring Deposit (RD) is one of the most popular savings instruments in India, offered by all major banks and post offices. You deposit a fixed amount every month, and the bank pays you compound interest on a quarterly basis.

How RD Interest is Calculated

Indian banks compound RD interest quarterly. The formula is: M = R × [(1+i)^n − 1] / (1 − (1+i)^(−1/3)) where R is the monthly deposit, i is the quarterly interest rate (annual rate ÷ 400), and n is the number of quarters.

Key RD Rules in India

Minimum monthly deposit: ₹100 (varies by bank). Maximum: No upper limit.

Tenure: 6 months to 10 years (in multiples of 3 months at most banks).

Interest is compounded quarterly and paid at maturity.

TDS is applicable if interest income exceeds ₹40,000 per year (₹50,000 for senior citizens).

Premature withdrawal is allowed with a penalty (usually 1% reduction in rate).

Loan facility: You can take a loan against your RD at most banks.

RD vs FD vs SIP — Which is Better?

RD is best if you want to save regularly with guaranteed returns. FD gives slightly higher returns if you can invest a lump sum. SIP in mutual funds can give higher returns (10-12%) over long periods but with market risk. RD is ideal for disciplined monthly savers who want guaranteed returns with no market risk.

Top RD Interest Rates in India 2026

SBI RD: 6.8% p.a. for general public, 7.3% for senior citizens

HDFC Bank RD: 7.0% p.a. for general public, 7.5% for senior citizens

ICICI Bank RD: 7.1% p.a. for general public, 7.6% for senior citizens

Post Office RD: 6.7% p.a. (quarterly compounded) — government backed

Free RD Calculator India 2026