RD Calculator — Calculate Your Monthly Savings Growth — India 2026
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.
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.
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RD Calculator
Understanding Your Investment Returns
This calculator projects your returns using compound interest, where your earnings generate their own earnings over time. The power of compounding means that even small regular investments can grow into substantial wealth over long periods. For example, investing just Rs 5,000 per month at 12% expected returns for 25 years can grow to over Rs 1 crore — of which only Rs 15 lakh is your own money and Rs 85 lakh is compounding returns. The key factors that determine your final corpus are: the amount invested, the rate of return, the duration of investment, and the frequency of compounding.
Important Considerations
Past returns do not guarantee future performance, especially for market-linked instruments like mutual funds and equities. The returns shown are estimates based on the rate you enter. Equity investments carry market risk but have historically delivered 12-15% CAGR over 15+ year periods in India. Fixed income options like PPF (7.1%) and FD (6-7.5%) offer lower but more predictable returns. Diversifying across asset classes — equity, debt, gold, and real estate — reduces overall portfolio risk while optimizing returns for your risk tolerance.
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% |
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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.
What is compound interest and why does it matter?
Compound interest means you earn interest on your interest, not just your principal. Over long periods, this creates exponential growth — even small regular investments can grow into substantial wealth over 15-25 years.
Is SIP better than lumpsum investment?
SIP invests a fixed amount monthly, averaging out market volatility through rupee cost averaging. Lumpsum works better when markets are low. For most investors, SIP builds discipline and removes the need to time the market.
How much should I invest monthly to become a crorepati?
At 12% expected returns, a monthly SIP of Rs 5,000 for 30 years grows to approximately Rs 1.76 crore. Increasing your SIP by 10% annually makes the corpus even larger. Start early, stay consistent.
Are investment returns taxable?
PPF returns are tax-free. Equity mutual fund LTCG above Rs 1.25 lakh/year is taxed at 12.5%. FD interest is taxed at your slab rate. NPS offers an additional Rs 50,000 deduction under 80CCD(1B).
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Last updated: March 2026