RD Calculator
Recurring Deposit projection with monthly instalments and maturity breakdown
Key Features & Calculation Guidance
Key features: Monthly Deposits, Maturity Projection, Return Breakdown. Free, 100% browser-based — no login required.
Frequently Asked Questions
Do all Indian banks calculate RD interest in exactly the same way?
No. Recurring deposits are term deposits, but the precise maturity calculation can depend on the bank's product terms, instalment dates, interest-credit or compounding convention and rounding. BankTools therefore labels the result as an estimate.
Is RD better than FD?
They serve different cash-flow needs. An RD lets you invest regularly from monthly income, while an FD puts a lump sum to work immediately. Comparing only the maturity amount is misleading if the timing of the invested money is different.
Is RD interest taxable?
Recurring-deposit interest can be taxable under the applicable income-tax rules. This calculator shows a pre-tax maturity estimate and does not treat tax withheld at source as the final tax liability.
What happens if I miss an RD instalment?
The effect depends on the bank and product. Delayed or missed instalments can attract charges or change the maturity outcome, so this calculator assumes all instalments are paid on schedule.
Trending Financial Searches in India
Last updated: 2026-09-04
- Old vs New Tax Regime FY 2026-27 Slabs — Zero tax limit applies up to ₹12.75 Lakhs gross salary under New Regime with ₹75,000 standard deduction.
- Best Personal Loan Interest Rates in 2026-27 — Look for personal loan interest rates starting as low as 8.5% to save more on repayments.
- Top Equity Mutual Funds to Invest in FY 2026-27 — Consider allocating 30% of your portfolio to equity mutual funds that have consistently generated returns above 12% annually for 5 years.
- How to Plan for Retirement in 2026-27 — Aim to save at least 15% of your income annually and invest it in NPS or PPF for a secure retirement.