RD Calculator

RBI mandates quarterly compounding for all bank RDs in India.

A Recurring Deposit (RD) calculator computes the maturity value of your monthly savings in a bank or post office RD account. Unlike an FD where you deposit a lump sum, in an RD you deposit a fixed amount every month for a specified tenure — making it ideal for salaried individuals who want to save systematically from their monthly income.

All bank RDs in India use quarterly compounding as mandated by RBI. This means your monthly deposits earn compound interest every 3 months. Our RD calculator India uses the standard formula and provides a quarter-by-quarter breakdown so you can see how your corpus builds up. Post Office RD (currently offering 6.7% p.a.) is also available and ideal for those prioritising safety over returns.

RD vs SIP: RDs offer guaranteed returns (currently 6–8%) with no market risk and DICGC insurance. SIPs in equity mutual funds historically deliver 12–15% but carry market risk. For a 1–3 year goal where capital safety is paramount, RD is superior. For goals beyond 5 years with higher return expectations, SIP in equity mutual funds is generally recommended.