Calculate Recurring Deposit maturity amount and total return on your monthly savings.
Enter monthly deposit, rate and tenure
| Bank/Scheme | 1 Year | 2 Year | 3 Year |
|---|---|---|---|
| SBI RD | 6.80% | 7.00% | 6.75% |
| Post Office RD | 6.70% | 6.70% | 6.70% |
| HDFC RD | 6.60% | 7.00% | 7.00% |
| ICICI RD | 6.70% | 7.00% | 7.00% |
| PNB RD | 6.50% | 6.80% | 6.80% |
Disclaimer: This calculator is for estimation only. Actual returns depend on bank terms and conditions. Please consult an advisor before investing.
A Recurring Deposit (RD) lets you save a fixed amount every month for a chosen period, earning a fixed rate of interest on each instalment. It is perfect for building a lump sum from your monthly income without needing a large amount upfront — a disciplined way to save toward a goal.
Because each monthly instalment is invested for a different length of time, an RD is calculated as a series of deposits, each compounding until maturity. Our RD calculator does this automatically — just enter your monthly deposit, the interest rate and the tenure to see the total invested, interest earned and final maturity value.
For example, saving ₹5,000 a month at 7% for 3 years means you invest ₹1,80,000 in total and receive about ₹2,00,300 at maturity — roughly ₹20,300 in interest. Note that an RD earns a little less than an FD of the same total amount, because the money is added gradually rather than all at once.
In an FD the full amount earns interest from day one; in an RD money is added monthly, so the average investment period is shorter.
No, the instalment is fixed when you open the RD. You can open a separate RD for additional savings.