RD Calculator India 2026

It estimates the maturity amount and interest earned on a Recurring Deposit from your monthly deposit, RD interest rate, tenure, and compounding method, helping you plan disciplined savings growth in ₹ with predictable outcomes. It's an estimate — actual maturity depends on your bank's RD terms and exact rate.

RD rates in India vary by bank, tenure, deposit amount, and whether it's a senior citizen RD, so it's safer to use a realistic range for your bank rather than the highest advertised rate. Rates move with RBI-linked interest rate cycles, so check the current rate before opening the deposit.

Yes. RD interest is fully taxable as income under your slab, in both tax regimes. Under Section 194A the bank deducts 10% TDS once the interest it pays you in a financial year exceeds ₹50,000 (₹1,00,000 if you are a senior citizen) — thresholds raised by Budget 2025 with effect from 1 April 2025. Two points people get wrong: TDS applies to the whole interest amount once you cross the threshold, not only to the excess; and TDS is not an extra tax, it is tax collected in advance and credited against the liability you compute at your own slab rate. If your total income is below the taxable limit you can file Form 15G (15H for senior citizens) to stop the deduction. This is an estimate, not tax advice.

Each monthly instalment earns interest only from the date you pay it until maturity, so the first instalment compounds for the full tenure and the last for barely a month. Indian banks compound RD interest quarterly, so an instalment paid n months before maturity grows by (1 + r/4) raised to the power n/3, where r is the annual rate. Adding that up across every instalment gives the maturity value. This is why an RD earns noticeably less than a lump-sum FD of the same total amount and tenure — most of your money simply has not been on deposit as long.

Because the Section 194A threshold is tested against the interest paid in a single financial year, not the total over the whole tenure. A ₹5,000 monthly RD at 7% earns roughly ₹12,000 of interest a year — well under the ₹50,000 threshold — so no TDS is deducted even though the interest across five years adds up to more than that. The interest is still taxable at your slab rate; only the deduction at source is absent.

Yes, premature withdrawal is generally allowed, but the bank applies a penalty and pays a reduced interest rate for the period the deposit was actually held. Confirm your bank's specific penalty terms before opening the RD.