Calculate maturity payout and interest earned on recurring monthly post office or bank deposits.
Compute fixed deposit maturity value with quarterly, monthly, or annual compounding and senior citizen rates.
Project 15-year tax-free maturity corpus under Public Provident Fund (PPF) with annual compounding and 5-year extensions.
Calculate expected maturity wealth from systematic monthly mutual fund investments using compounding formulas.
Calculate accurate income tax liability under Indian tax slabs with standard deduction, 87A rebate, and surcharge.
Calculate GST amount and total billing value for 5%, 12%, 18%, and 28% slabs in both inclusive and exclusive modes.
Calculate the Compound Annual Growth Rate between initial value, final value, and investment duration in years.
Understanding monthly installments, quarterly compounding under Indian banking norms, and maturity rules
A Recurring Deposit (RD) is a savings vehicle designed for individuals who want to invest a fixed sum of money every month without market risk. It bridges the gap between a standard savings account (which offers lower interest) and a fixed deposit (which requires upfront lump-sum capital).
RD accounts can be opened with banks or India Post for tenures ranging from 6 months up to 10 years, offering interest rates identical to standard fixed deposits of equivalent tenure.
Under Indian banking guidelines, each monthly installment earns quarterly compounding interest for the remaining tenure of the deposit:
Maturity (M) = P × [ ((1 + i)^n - 1) ÷ (1 - (1 + i)^(-1/3)) ]
Where:
r ÷ 400)The first monthly installment earns interest for the full tenure, the second for n-1 months, and so forth, creating an escalating compounding progression.
Similar to FDs, recurring deposit interest is taxable under "Income from Other Sources" at your applicable marginal tax slab. Banks deduct 10% TDS if cumulative interest earned across FDs and RDs within the bank exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).
How RD Calculator processes files securely inside your device memory
Every byte of your file is loaded directly into browser ArrayBuffers. Data is processed in volatile sandbox memory and flushed immediately when you close or refresh this tab.
Calculations and image matrix transformations leverage client-side GPU / Canvas2D engines for zero-latency output without server queuing or rate limits.
Generated files strictly follow international ISO specifications (JPEG JFIF, PDF 1.7, Web Crypto API) to guarantee acceptance on all official portals and banking systems.
Quick 5-step guide for instant results
Enter the fixed installment you plan to deposit into your RD every month.
Input the contracted annual rate offered by your bank or post office.
Set your targeted tenure between 6 months and 10 years.
View the instant visual chart illustrating cumulative deposits against pure interest earnings.
Align your RD maturity date with planned events like vacations, insurance premiums, or school fees.
Common questions and verified answers about RD Calculator