RD Calculator — Calculate Your Monthly Savings Growth
Calculate recurring deposit maturity amount and interest earned. Compare RD rates across SBI HDFC ICICI and Post Office for 2026.
A Recurring Deposit is the ideal savings instrument for people who want to build a fixed corpus through small monthly contributions. Unlike FDs where you need a lump sum RDs let you invest as little as Rs 100 per month. The interest rates are similar to FDs typically 6.50-7.25% and the deposit tenure ranges from 6 months to 10 years. Your money grows with quarterly compounding making RDs a disciplined way to save for short to medium term goals.
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Key Information
| Parameter | Details |
|---|---|
| SBI RD Rate | 6.50% - 6.80% |
| HDFC RD Rate | 6.60% - 7.10% |
| Minimum Monthly Deposit | Rs 100 (most banks) |
| Post Office RD Rate | 6.70% |
Calculate your RD maturity
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Use Calculator NowFrequently Asked Questions
How much will I get if I deposit Rs 5000 per month in RD?
Depositing Rs 5000 per month in an RD at 7% interest for 5 years will give you a maturity amount of approximately Rs 3.58 lakh. Your total deposits would be Rs 3 lakh and the interest earned would be about Rs 58000. For a 10 year RD the maturity amount grows to approximately Rs 8.65 lakh with Rs 2.65 lakh as interest.
Is RD interest taxable?
Yes RD interest is taxable under your income tax slab. TDS at 10% is deducted if the annual interest exceeds Rs 40000 (Rs 50000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit. The interest is added to your total income and taxed accordingly.
RD vs FD which is better?
FDs offer slightly higher effective returns because you invest a lump sum upfront and earn interest on the full amount from day one. RDs are better if you do not have a lump sum and want to save regularly from your salary. The interest rate difference is usually minimal at 0.10-0.25%. Choose based on whether you have a lump sum available or prefer monthly savings discipline.
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Last updated: 24 March 2026