RD calculator
See what a recurring deposit matures to from a fixed monthly amount, and the interest it earns — with the same after-tax caveat that applies to a fixed deposit.
Runs entirely in your browserRuns entirely on your device — nothing you type is sent anywhere. Educational only, and not investment advice.
How to use this calculator
Each step names a control you will find on screen above.
- Monthly deposit
The fixed amount you will put in every month for the whole tenure.
- Interest rate
The annual rate the bank quotes for the RD. It is usually close to the bank’s FD rate for the same tenure.
- Tenure
How many months the RD runs. Missing instalments usually attracts a small penalty and can affect the maturity.
Worked example: ₹10,000 a month for five years
Depositing ₹10,000 a month for 60 months at 7%.
What to enter
- Monthly deposit
- ₹10,000
- Interest rate
- 7%
- Tenure
- 60 months
What it shows you
- You deposit
- ₹6,00,000
- Maturity value
- ≈ ₹7,20,105
- Interest earned
- ≈ ₹1,20,105
- After tax
- Lower — taxed at your slab
Where this is taught
A calculator gives you a number. These explain what the number means and when it misleads you.
- Market Basics12 minBonds and fixed incomeWhy bond prices move opposite to rates, what duration and credit risk actually mean, and how to buy government securities directly in India.
- Market Basics12 minDebt funds: credit risk, duration and the tax changeThe category most investors hold without understanding. Two risks, sixteen sub-categories, and why the 2023 tax change altered where they belong.
- Market Basics11 minBond duration and convexity: how much a bond really movesYou know a bond falls when rates rise — duration tells you by how much. What modified duration measures, why longer and lower-coupon bonds are more sensitive, and what convexity adds.
- Market Basics8 minCredit risk funds: the extra yield that can vanish overnightSome debt funds pay a noticeably higher yield by lending to weaker companies. That extra yield is not free money — it is the fee you are paid for a risk that shows up all at once, and rarely reverses.
- Market Basics8 minDynamic bond funds: betting the manager can read interest ratesMost debt funds are pinned to a fixed slice of the maturity spectrum. A dynamic bond fund is free to roam the whole of it, lengthening or shortening as the manager reads interest rates — which makes your return a bet on how good that reading is.