RD calculator: recurring deposit maturity
Enter your monthly deposit, the rate and the tenure. See what your recurring deposit will be worth.
- Compounded quarterly
- Bank and post office
- Free, no sign-up
RD or SIP?
An RD is safe but taxed at your slab rate. Our experts compare it with SIPs and other options for your goal and timeline.
Questions people often ask
Is RD interest taxable?
Yes, at your slab rate. Banks deduct TDS if your interest from them is over ₹50,000 a year (₹1 lakh for seniors).
What's the post office RD rate?
6.7% a year for October to December 2026, for a 5-year RD.
RD at a glance
Save a fixed amount every month.
| Post office RD | 6.7%, 5 years (Oct–Dec 2026) |
| Compounding | Every quarter |
| Tax | Interest at your slab rate |
Last reviewed 8 October 2026. The rules in this calculator come from these official sources.
- Small savings schemes and interest rates National Savings Institute, Ministry of Finance
- Reserve Bank of India: loans and deposits Reserve Bank of India
Common questions
How is RD maturity calculated?
Each monthly instalment earns interest, compounded quarterly, for the months it stays deposited. The maturity value is the total of all of them.
What is the post office RD interest rate?
6.7% a year for October to December 2026, for 5 years.
How much will ₹5,000 a month become in 5 years?
About ₹3.57 lakh at 6.7%, from ₹3 lakh deposited.
Is RD better than a SIP?
An RD's return is fixed and safe; a SIP in equity funds can earn more over long periods, with ups and downs.
Is RD interest taxable?
Yes, at your slab rate.
Related calculators
Fixed deposit
Interest and maturity amount on an FD.
SIP
What a monthly investment could grow to.
Compound interest
How compounding grows your money.
Interest deduction (80TTA, 80TTB)
Tax-free interest on savings and deposits.
Post office monthly income (POMIS)
Monthly interest from the post office.
PPF
Your PPF balance at maturity, all of it tax-free.