DeskTray

RD Calculator

Find out how much your monthly recurring deposit will be worth at maturity, using the quarterly compounding method followed by Indian banks and India Post.

Runs in your browser. Nothing is uploaded Free, no sign-up Works on mobile
₹
5 Thousand
%
months
Maturity amount
₹3,56,829
Total deposited
₹3,00,000
Interest earned
₹56,829
  • Deposits (84%)
  • Interest (16%)

Uses quarterly compounding on each instalment, the method used by Indian banks and India Post. The post office RD (5 years) currently earns 6.7%.

Value over time

AfterDepositedValue
12 months₹60,000₹62,210
24 months₹1,20,000₹1,28,694
36 months₹1,80,000₹1,99,746
48 months₹2,40,000₹2,75,679
60 months₹3,00,000₹3,56,829

How to use RD Calculator

  1. Enter the amount you will deposit every month.
  2. Enter the RD interest rate.
  3. Choose the tenure in months.
  4. See the maturity amount and total interest.

Frequently asked questions

How is RD maturity calculated?

Each monthly instalment earns interest compounded quarterly for the time it stays deposited. The first instalment earns interest for the full tenure and the last one for just one month. The calculator adds up all instalments.

What is the post office RD interest rate?

The post office 5-year recurring deposit currently earns 6.7% a year, compounded quarterly. The rate is reviewed by the government every quarter.

Can I withdraw an RD before maturity?

Yes, most banks allow premature closure with a small penalty on the interest rate. Post office RDs allow premature closure after 3 years.

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