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Recurring Deposit (RD) Calculator

Calculate maturity value, returns and interest for Post Office and Bank Recurring Deposits. Compare rates across different banks and choose the best RD scheme for your savings goals.

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RD Calculation Parameters

Post Office
SBI
HDFC
ICICI
Axis
PNB
Post Office RD: 6.7% interest rate, 5-year tenure
Minimum ₹100 per month, no maximum limit
Quarterly compounding with TDS deduction
₹
₹5,000
Minimum ₹100, Maximum varies by bank
5 Years (60 Months)
%
6.7%
Post Office RD 6.7% Current
SBI RD 6.5%
HDFC RD 6.75%
ICICI RD 6.7%
Most RDs use quarterly compounding
₹3,56,789
Estimated Maturity Value for Post Office RD

RD Investment Results

₹3,56,789
Total Maturity Value
₹3,00,000
Total Investment
₹56,789
Total Returns
6.7%
Effective Annual Return
₹946
Average Monthly Growth

Investment Growth Over Time

RD Growth Chart Visualization
₹2,835
Estimated TDS Deduction (FY 2023-24)
TDS applicable if interest exceeds ₹40,000 (₹50,000 for senior citizens)
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Yearly Breakdown

YearMonthly DepositYearly InvestmentInterest EarnedClosing Balance
1₹5,000/month₹60,000₹2,223₹62,223
2₹5,000/month₹60,000₹6,522₹128,745
3₹5,000/month₹60,000₹11,118₹199,863
4₹5,000/month₹60,000₹16,033₹275,896
5₹5,000/month₹60,000₹21,286₹357,182
Year Monthly Deposit Yearly Investment Interest Earned Closing Balance
1 ₹5,000 ₹60,000 ₹2,245 ₹62,245
2 ₹5,000 ₹60,000 ₹7,834 ₹1,30,079
5 ₹5,000 ₹60,000 ₹16,789 ₹3,56,789

Compare RD Rates Across Banks

Bank/Institution RD Interest Rate Minimum Tenure Minimum Deposit Compounding TDS Applicable Best For
Post Office RD 6.7% 6 months ₹100/month Quarterly Yes Safe government-backed
State Bank of India (SBI) 6.5% 12 months ₹100/month Quarterly Yes Wide branch network
HDFC Bank 6.75% 6 months ₹100/month Quarterly Yes Digital banking
ICICI Bank 6.7% 6 months ₹100/month Quarterly Yes Mobile app features
Axis Bank 6.6% 6 months ₹500/month Quarterly Yes Flexible tenure
Punjab National Bank 6.55% 12 months ₹100/month Quarterly Yes Public sector safety

Important Information About Recurring Deposits

  • RD interest rates are fixed at the time of account opening and don't change during the tenure
  • TDS (Tax Deducted at Source) is applicable if annual interest exceeds ₹40,000 (₹50,000 for senior citizens)
  • Premature withdrawal is allowed but may attract penalty (1% for Post Office RD)
  • Most banks offer loan facility against RD up to 75-90% of the deposit value
  • Nomination facility is available for all RD accounts
  • Auto-debit facility available for convenient monthly payments

Disciplined Savings

Fixed monthly deposits help build financial discipline and regular savings habit.

Fixed Returns

Interest rate is locked at account opening, ensuring predictable returns regardless of market changes.

Loan Facility

Avail loans against your RD, typically up to 75-90% of the deposit value.

Joint Accounts

Open RD accounts jointly with family members for combined savings goals.

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