RD Calculator — Recurring Deposit Maturity Calculator 2026 | Faydemand

Chhoti Savings, Bada Result — RD Ka Power

Yaar, ek cheez hai jo almost every Indian family mein hoti hai — "bachat karo, mahine ke end mein jo bache woh save karo." Lekin problem yeh hai ki mahine ke end mein aksar kuch bachta hi nahi. Aur agar bachta bhi hai — savings account mein pada rehta hai 3–4% interest par, jo inflation se bhi slow hai.

Iska solution hai Recurring Deposit — yaani RD. Har mahine ek fixed amount automatically bank mein jaata hai, guaranteed interest milta hai, aur tenure complete hone par maturity amount milti hai. Yeh basically FD ka "monthly installment version" hai — aur un logon ke liye perfect hai jinke paas ek saath badi amount nahi hoti, par har mahine thoda-thoda bachana chahte hain.

Is page par tum seekhoge:

RD exactly kaise kaam karta hai — simple language mein
Exact formula jo RD maturity calculate karne mein use hota hai
3 real worked examples with actual numbers
RD vs FD vs SIP — kab kaunsa better hai
Common mistakes jo RD karte waqt hoti hain
Tips jo tumhara RD return maximize karein

Chahe tum ₹500/month bachana chahte ho ya ₹10,000/month — Faydemand ka RD Calculator tumhe instantly exact maturity amount batata hai. Aur jab tum different banks compare karte ho — woh bhi ek second mein.

RD Calculator Kya Hai?

RD Calculator ek free online financial tool hai jo tumhari Recurring Deposit ka maturity amount calculate karta hai — tumhare monthly deposit, interest rate, aur tenure ke basis par.

Recurring Deposit ek bank product hai jisme tum har mahine ek fixed amount deposit karte ho — ek fixed tenure tak — aur end mein principal + interest milta hai. Yeh ek forced savings mechanism hai — kyunki missed installment par penalty lagti hai, isliye discipline automatically aati hai.

RD ka formula FD se thoda complex hai kyunki har mahine ki installment alag time ke liye invest hoti hai — pehli installment poore tenure ke liye compound hoti hai, doosri ek mahine kam ke liye. Manually calculate karna 5 saal ki RD ke liye practically impossible hai. Isliye Faydemand ka RD Calculator yeh sab instantly karta hai.

RD Calculator kaun use karta hai:

Students: Jo ₹500–₹1,000/month bachana chahte hain safely
Salaried Employees: Jo salary ka ek hissa guaranteed returns ke liye park karna chahte hain
Housewives: Jo ghar kharche mein se thoda bachake systematic savings banana chahti hain
Senior Citizens: Jo fixed monthly deposit se guaranteed income plan karna chahte hain
Small Business Owners: Jo irregular income ke bawajood ek fixed amount monthly set aside karna chahte hain

3 inputs, 3 instant outputs: Monthly Deposit (₹) + Annual Interest Rate (%) + Tenure → Total Deposited, Interest Earned, Maturity Amount.

RD Calculator Kaise Kaam Karta Hai — Step by Step

The Faydemand RD Calculator uses a compound interest model applied to each monthly installment separately — because each deposit earns interest for a different duration.

1

Enter Your Monthly Deposit Amount — The fixed amount you will deposit every month throughout the tenure. It must remain constant — if you want to vary amounts, that would be a flexi-RD. The calculator uses this as the base installment for all calculations.

2

Enter the Annual Interest Rate — The rate your bank offers for your chosen tenure. RD rates are typically slightly lower than FD rates at the same bank — usually 0.25% less. Senior citizens get an additional 0.25–0.50% over the standard rate.

3

Enter the Tenure — RD tenures typically range from 6 months to 10 years. Enter the exact duration — the calculator handles both short (6 months) and long (10 years) tenures accurately.

4

Per-Installment Compound Interest Is Applied — Each monthly installment is treated as a separate deposit earning compound interest for the remaining tenure: 1st installment earns interest for full tenure (n months), 2nd for (n–1) months, and so on until the last installment which earns interest for just 1 month. All individual future values are summed to give the total maturity amount. Indian banks compound RD interest quarterly (standard).

5

Results Are Displayed Instantly — Total Deposited (monthly × months), Interest Earned (maturity minus total deposited), and Maturity Amount (total you receive when RD matures). All three numbers appear simultaneously.

Note: The calculator does not include TDS on interest, premature withdrawal penalties, or missed installment penalties. It gives you gross maturity for planning purposes.

RD Maturity Formula — Math Behind Your Money

functions Formula — Per Installment
FV_k = P × (1 + r/n)^(n × t_k)

Total Maturity:  M = Σ FV_k  (sum of all installments)

Where:
  P   = Monthly RD installment (₹)
  r   = Annual interest rate (decimal, e.g. 7% = 0.07)
  n   = Compounding frequency per year (Quarterly = 4)
  t_k = Time remaining for k-th installment (years)

calculate Calculation — ₹5,000/month at 7% for 2 Years
Monthly RD: ₹5,000 | Rate: 7% | Tenure: 24 months | Quarterly compounding

Installment 1 : ₹5,000 × (1.0175)^8   ≈ ₹5,744
Installment 2 : ₹5,000 × (1.0175)^7.67 ≈ ₹5,714
... (24 installments, each compounded for shorter duration)

Total Maturity   ≈ ₹1,28,054
Total Invested    = ₹5,000 × 24 = ₹1,20,000
Interest Earned   = ₹8,054

receipt_long TDS Rules (FY 2025-26)
General public   → TDS @ 10% if interest > ₹40,000/year per bank
Senior citizens  → TDS @ 10% if interest > ₹50,000/year per bank
No PAN card      → TDS @ 20%
Income below taxable limit → Submit Form 15G (non-senior)
                             or Form 15H (senior citizen) to avoid TDS
Note: RD interest is taxable on accrual basis — each year's interest
      is taxable in that year, not at maturity.

RD Calculator — 3 Real Worked Examples

Example 1 The Student Saver — Anjali's ₹500/month for 2 Years at 6.5%

Anjali is a 20-year-old college student saving ₹500/month for 2 years to build a post-graduation expense fund. Her bank offers 6.5% per annum on 2-year RD.

Parameter	Value
Total Deposited	₹500 × 24 = ₹12,000
Interest Earned	₹848
Maturity Amount	₹12,848
Effective Yield	6.73%

Anjali saves ₹500/month and gets back ₹12,848 — ₹848 more than she put in, with zero risk. For a student, this builds both savings habit and a small guaranteed corpus. The amount is small but the habit formed is invaluable.

Example 2 The Salaried Employee — Karan's ₹5,000/month for 3 Years vs Savings Account

Karan is a 28-year-old in Delhi earning ₹40,000/month. He wants to save ₹5,000/month for 3 years to build a car down payment fund. Kotak Mahindra offers 7.2% on 3-year RD.

	RD at 7.2%	Savings Account at 3.5%
Total Deposited	₹1,80,000	₹1,80,000
Interest Earned	₹20,891	₹9,847
Maturity Amount	₹2,00,891	₹1,89,847

Karan earns ₹11,044 more than savings account — simply by moving to RD. He also builds the discipline of monthly savings and has exactly ₹2 lakh at the end for his car down payment — planned to the rupee.

Example 3 The Senior Citizen — Mrs. Iyer's ₹10,000/month for 5 Years at Post Office

Mrs. Iyer (63) is a retired teacher. She receives ₹25,000/month pension and wants to save ₹10,000/month in an RD for 5 years for her grandchildren's education fund. Post Office offers 6.7% + 0.50% senior citizen extra = 7.2% effective rate.

Category	Rate	Maturity	Interest
General Rate	6.7%	₹7,02,019	₹1,02,019
Senior Citizen	7.2%	₹7,15,015	₹1,15,015
Senior Advantage	+0.5%	+₹12,996	—

₹6 lakh deposited → ₹7.15 lakh maturity. ₹1.15 lakh guaranteed interest income. Senior citizen extra rate alone adds nearly ₹13,000 — completely risk-free education corpus built over 5 years of disciplined monthly savings.

How to Use the RD Calculator — 8-Step Guide

Here is how to use the RD Calculator on Faydemand.in to plan your recurring deposit in under 60 seconds.

1

Open the RD Calculator — Go to faydemand.in → Calculators → RD Calculator. No login required. Loads instantly on mobile and desktop.

2

Enter Your Monthly Deposit Amount — Type the amount you can comfortably set aside every single month without fail. Be realistic — the RD is a commitment. Missing installments attracts penalties. If uncertain, start with a smaller amount — you can always open a second RD later.

3

Enter the Interest Rate — RD rates are usually slightly lower than FD rates at the same bank. Senior citizens get 0.25–0.50% extra. Small Finance Banks offer 7.5–8.5% vs PSU banks at 6.5–7%. Check Faydemand's RD Rates Comparison page for latest rates.

4

Enter Your Tenure — Common tenures: 6 months (short-term goal), 12 months (annual target), 36 months (medium goal), 60 months (long-term goal). Post Office RD is specifically 5-year tenure. Enter in months for maximum precision.

5

Read Your Results — Three instant outputs: Total Deposited (sum of all monthly contributions), Interest Earned (guaranteed profit from bank), Maturity Amount (total received at tenure end).

6

Compare Banks — Keep monthly amount and tenure same — change only the interest rate. SBI at 6.8% vs AU Bank at 8.0% vs Post Office at 6.7% — the difference in maturity amounts shows you exactly how much you gain or lose based on rate selection.

7

Compare RD vs SIP — After getting your RD result, open Faydemand's SIP Calculator. Enter the same monthly amount and tenure — compare maturity amounts. RD = guaranteed amount. SIP = potentially higher, market-linked. This comparison helps you decide the right instrument.

8

Factor in Tax — RD interest is fully taxable at your slab rate. Estimate post-tax return: 30% slab → interest × 0.70, 20% slab → interest × 0.80, 10% slab → interest × 0.90. Submit Form 15G/15H if income is below taxable limit to avoid TDS entirely.

7 Smart Tips — RD Se Maximum Fayda Uthao

RD Amount Salary Ka Fixed % Set Karo

"Jo bachega save karunga" wali soch kabhi kaam nahi karti. Salary aate hi same day RD auto-debit honi chahiye — typically salary ka 10–20%. Jab auto-debit ho jaata hai, bache paise mein hi kharch adjust hota hai.

Multiple Short RDs Better Hain

5 saal ki ek RD kholne ki jagah — 1-1 saal ki 5 RDs kholna better strategy hai. RD Laddering: har saal ek RD mature hogi — us amount ko better rate par reinvest karo ya goal ke liye use karo. Liquidity aur flexibility dono milti hai.

Post Office RD — Underrated Option

Post Office 5-year RD currently 6.7% — government backed, ₹100/month se shuru. Small towns mein jahan premium banks nahi hain — safest aur most accessible option. Senior citizens ko 0.50% extra milta hai yahan bhi.

RD Aur SIP Saath-Saath Chalao

₹5,000/month RD (safe, liquid goal fund) + ₹5,000/month SIP (long-term wealth). Emergency ya short-term goal ke liye RD, long-term corpus ke liye SIP. Risk aur return dono optimize hote hain.

Missed Installment Turant Recover Karo

Bank penalty charge karta hai — typically ₹1–₹2 per ₹100 per month. Zyada miss par RD close ho sakti hai. Better solution: RD date woh rakho jab salary definitely credited ho — 2–3 days after salary date.

5-Year RD Par 80C Nahi Milta — Confusion Avoid Karo

Kai log sochte hain ki 5-year RD par 80C benefit milegi — yeh WRONG hai. 80C benefit sirf 5-year Tax Saving FD par milti hai — RD par nahi, chahe tenure 5 saal hi kyun na ho. Tax saving ke liye FD ya ELSS choose karo.

Small Finance Banks Ki RD Rates Explore Karo

AU Bank, Ujjivan, Jana Bank RD par 7.5–8.5% tak rates dete hain — major banks se 1–1.5% zyada. DICGC insured ₹5 lakh tak. Monthly amount chhota hai — ek small finance bank mein kholo higher rate ke liye.

RD ke 5 Key Benefits

Forced Savings Discipline — Automatically

RD ka sabse bada fayda psychological hai — yeh forced savings mechanism hai. Jab har mahine auto-debit hota hai, tumhare paas spend karne ka option hi nahi rehta. Over time yeh habit banta hai — aur financial discipline ki habit life-changing hoti hai. FD mein ek baar amount block hoti hai — RD mein har mahine discipline reinforce hoti hai.

Guaranteed Returns — Zero Market Risk

Equity ya mutual funds ki tarah market pe dependent nahi hai. Jo rate lock hua RD open karte waqt — wahi milega maturity par — guaranteed. Yeh predictability un goals ke liye perfect hai jahan exact amount chahiye — car down payment, vacation fund, gadget purchase, etc.

Chhoti Amount Se Shuru — ₹100/month Se

Income low ho ya student ho — koi excuse nahi hai saving start na karne ka. Post Office RD ₹100/month se shuru hoti hai — India ke har corner mein available hai. SIP bhi ₹100 se shuru ho sakti hai — par RD guaranteed returns ke saath ₹100 se shuru hoti hai.

Loan Against RD — Emergency Mein Helpful

FD ki tarah RD ke against bhi loan milta hai — typically deposited amount ka 90% tak. Emergency mein RD break karne ki zarurat nahi — loan lo, zarurat solve karo, phir repay karo. RD interest milti rehti hai — net cost break karne se often less hoti hai.

DICGC Insurance — Bank Fail Hone Par Bhi Safe

Sab scheduled banks mein RD ₹5 lakh per depositor DICGC insured hai — including small finance banks. Yeh safety net RD ko virtually risk-free banata hai ₹5 lakh limit ke andar. Large amounts ke liye multiple banks mein distribute karo.

5 Common Mistakes — RD Karte Waqt Jo Log Karte Hain

Galti 1: RD Amount Bahut Zyada Set Karna

Excitement mein ₹10,000/month RD set karna jab actually ₹5,000 hi comfortable ho — bad idea hai. Agar installment miss hua toh penalty lagti hai. Worse — 3 consecutive missed installments par kuch banks RD forcibly close kar dete hain. Hamesha conservative amount se shuru karo — aur comfortable lage toh alag RD kholte jao.

Galti 2: Sirf Apne Current Bank Mein RD Kholna

Convenience ke chakkar mein log apne salary bank mein hi RD kholte hain — without comparing rates. Tumhara salary bank 6.5% de raha hai, AU Bank 8% de raha hai — same tenure par. ₹5,000/month RD 3 saal ke liye — rate difference ka matlab ≈ ₹5,000–₹8,000 extra maturity. Ek baar compare karna worth it hai.

Galti 3: RD Ko Long-Term Wealth Building Tool Samajhna

RD short-to-medium term goals ke liye perfect hai — 6 months se 5 saal. Long term (10–20 saal) ke liye RD suitable nahi — kyunki after-tax real returns often inflation se peeche ho jaate hain. Long term ke liye equity SIP, PPF, ya NPS better options hain. RD apni jagah sahi hai — use uske purpose ke liye karo.

Galti 4: TDS Planning Na Karna

Agar annual RD interest ₹40,000 se zyada ho — bank 10% TDS kaatega. Zyaadatar log yeh expect nahi karte aur maturity par less amount dekh ke confused hote hain. Agar taxable income nahi hai — Form 15G/15H submit karo TDS bachane ke liye. Aur tax planning mein RD interest ko income mein count karo.

Galti 5: Premature Withdrawal Ka Plan Na Hona

"Zarurat padegi toh tod lunga" soch ke RD kholna — aur phir actually todna — expensive hota hai. Most banks premature withdrawal par interest rate reduce karte hain (typically 1–2% less than agreed rate). Better approach: ek small liquid fund ya sweep-in FD emergency ke liye rakho — RD ko mature hone do.

5 Real-World Use Cases — RD Kab Best Kaam Karta Hai

Ghar Ki Renovation Ke Liye RD

Suresh aur Kavitha ne decide kiya ki 2 saal baad ghar renovate karenge jiske liye ₹2 lakh chahiye. Dono ne ₹4,000/month RD shuru ki — 2 saal ke liye 7% par. Maturity ≈ ₹1,03,700 each — combined ≈ ₹2,07,400. Exactly jo chahiye tha — guaranteed, without any market risk. Goal-based RD planning at its best.

Child Ki School Fees Ke Liye Annual RD

Meena har saal apne bete ki school fees ke liye ek 1-year RD kholti hai. ₹3,000/month × 12 = ₹36,000 deposited. At 6.8% — maturity ≈ ₹37,380. Har saal ₹1,380 extra milta hai. 10 saal mein ≈ ₹13,800 extra — sirf ek simple habit se, without any extra effort.

Vacation Fund RD

Arjun aur Priya European trip plan kar rahe hain — 18 mahine baad. Budget: ₹3 lakh. Faydemand Calculator use kiya — ₹16,000/month × 18 months at 7% → maturity ≈ ₹3,02,400. Planned to the rupee using RD Calculator — no stress, no shortfall.

Emergency Fund Building From Scratch

Nisha freelancer thi — koi emergency fund nahi tha. ₹2,000/month RD shuru ki — 1 saal ke liye. Maturity: ₹24,840. Phir ₹3,000/month. Phir ₹5,000/month. Teen saal mein ₹1.5 lakh+ ka emergency fund — completely built through disciplined RDs — zero market risk, fully liquid on maturity.

Senior Citizen Ka Monthly Savings Plan

Mr. Kapoor 65 saal ke hain — ₹30,000 pension milti hai. ₹8,000/month Post Office 5-year RD at 7.2% (senior citizen rate). Faydemand Calculator: Total deposited ₹4,80,000 — maturity ≈ ₹5,72,500. ₹92,500 guaranteed interest income over 5 years — completely safe, government backed. Retirement mein best suited strategy.

Frequently Asked Questions

What is the difference between RD and SIP?expand_more

RD aur SIP dono mein monthly fixed amount invest hota hai — par yahan similarity khatam hoti hai. RD bank product hai — guaranteed returns, fixed interest rate, DICGC insured. SIP mutual fund investment hai — market-linked returns, higher potential but no guarantee. RD short-to-medium term safe goals ke liye perfect hai. SIP long-term wealth creation ke liye better hai. Agar 3 saal se zyada ka goal hai aur risk le sakte ho — SIP. 3 saal se kam ya guaranteed amount chahiye — RD.

Can I open multiple RDs simultaneously?expand_more

Haan, bilkul. Koi restriction nahi hai multiple RDs par. Actually yeh recommended hai — alag-alag goals ke liye alag RDs. For example: ek RD vacation ke liye, ek emergency fund ke liye, ek gadget ke liye. Har RD ka alag purpose, alag tenure, possibly alag bank with best rate for that tenure. Multiple RDs = multiple goal-specific savings streams.

What happens if I miss an RD installment?expand_more

Missed installment par bank penalty lagate hain — typically ₹1-2 per ₹100 per month of missed amount. For example ₹5,000 missed installment par ₹50-₹100 penalty per month. Yeh penalty maturity amount se deduct hoti hai. Lagatar 3-4 installments miss hone par kuch banks RD premature close kar dete hain. Best practice: RD auto-debit salary date ke 2-3 din baad set karo — jab account mein amount guaranteed ho.

Is Post Office RD better than bank RD?expand_more

Dono ke apne advantages hain. Post Office RD government backed hai — maximum safety. Current rate 6.7% for 5 years — competitive but not highest. Bank RD — especially small finance banks — higher rates (7.5-8.5%) de sakte hain. Agar safety paramount hai aur small towns mein ho — Post Office RD. Agar maximum returns chahiye aur DICGC coverage se comfortable ho — small finance bank RD. Faydemand ka RD Rates Comparison page dono compare karne mein help karta hai.

Can senior citizens get higher RD interest rates?expand_more

Haan, almost all banks aur Post Office senior citizens (60+ years) ko 0.25-0.50% extra rate dete hain RD par. Kuch banks "super senior citizens" (80+ years) ko aur bhi extra rate dete hain. Senior citizen benefit automatically apply hota hai jab tum apni age verify karte ho RD open karte waqt. Hamesha senior citizen rate use karo Faydemand Calculator mein agar applicable ho.

What is a flexi-RD and how is it different?expand_more

Regular RD mein monthly amount fixed hoti hai. Flexi-RD mein minimum amount fixed hoti hai par tum us se zyada bhi deposit kar sakte ho — up to a limit (typically 10x minimum). For example minimum ₹1,000/month — par tum ₹5,000 ya ₹10,000 bhi daal sakte ho jab extra paisa ho. Yeh irregular income waalon ke liye — freelancers, small business owners — better option hai. Faydemand standard RD Calculator regular fixed installment ke liye hai.

How is TDS calculated on RD interest?expand_more

Bank annual basis par TDS calculate karta hai. Agar ek financial year mein tumhara total interest income (across all FDs aur RDs in that bank) ₹40,000 se zyada ho (₹50,000 for senior citizens) — bank 10% TDS kaatega. Yeh TDS Form 26AS mein reflect hota hai. Agar income taxable nahi hai — Form 15G (non-senior) ya 15H (senior) submit karo. RD ka interest accrual basis par taxable hota hai — matlab har saal ka interest usi saal income mein add hota hai, maturity par nahi.

Can I get a loan against my RD?expand_more

Haan, most major banks RD ke against loan dete hain — typically deposited amount ka 90% tak. Interest rate RD rate + 1-2% hoti hai. For example RD 7% earn kar rahi hai toh loan 8-9% par milega. Yeh option tab useful hai jab short-term cash crunch ho aur RD break karna avoid karna ho — kyunki premature withdrawal par interest rate cut hota hai. Loan leke RD intact rakho — better net outcome hoga.

What is the minimum and maximum tenure for RD?expand_more

Minimum tenure most banks mein 6 months hoti hai — kuch banks 3 months bhi offer karte hain. Maximum tenure typically 10 years hoti hai. Post Office RD specifically 5-year tenure hai — koi flexibility nahi. Zyaadatar popular tenures hain: 1 year, 2 years, 3 years, 5 years. Best rates usually 1-3 year tenures par milti hain — specific bank ke rate card se verify karo.

Should I choose RD or FD if I have a lumpsum amount?expand_more

Agar tumhare paas poori amount abhi available hai — FD better hai. Kyunki FD mein poori amount day one se compound hoti hai. RD mein monthly installments hoti hain — pehli installment poora tenure compound hoti hai, last installment sirf 1 mahine. Same amount ke liye same tenure aur rate par FD hamesha RD se zyada interest deta hai. RD tab choose karo jab tumhare paas lumpsum available nahi ho aur monthly savings se corpus build karna ho.

RD Shuru Karo — Aaj Chhoti Savings, Kal Bada Result

Ab tum RD ke baare mein poori clarity ke saath decision le sakte ho. Faydemand ka RD Calculator abhi use karo — apna monthly amount, rate, aur tenure daalo aur exact maturity amount dekho. Alag-alag banks compare karo aur best rate pakdo. Free hai, instant hai, zero login.

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