RD Calculator
See how much your recurring deposit grows. Set your monthly deposit, interest rate and tenure.
RD tenures typically run from 6 months to 10 years.
Maturity value
₹3,53,370
Top bank FD rates (RD rates are usually similar)
See all bank rates →#1
8.30%
Jana Small Finance Bank
#2
8.30%
Suryoday Small Finance Bank
#3
8.20%
Equitas Small Finance Bank
Rates updated as of 11 Jul 2026 · p.a. · confirm with the bank before investing.
How it's calculated
A recurring deposit adds a fixed amount every month, and each deposit earns interest by monthly compounding until maturity. We model it as the future value of an ordinary annuity:
M = P × [ (1 + i)n − 1 ] / i
where P is the monthly deposit, i is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of months. Note: some banks compound RDs quarterly; we use monthly compounding for transparency — see the methodology page.
RD rates — top banks
Bank rate comparison coming soon.
We verify and publish RD rates from the top banks monthly, each with the date it was checked. We never show an unverified rate — see our methodology.
RD tips
- Use an RD to build a habit of saving a fixed amount every month.
- Match the tenure to a specific goal — a trip, an emergency fund, a down payment.
- If you already have a lump sum, an FD usually earns more than an RD for the same rate.
Frequently asked questions
How does a recurring deposit work?
You deposit a fixed amount every month for a chosen tenure, and each deposit earns interest until maturity. It suits people who want to save a steady monthly amount rather than a single lump sum.
How is RD maturity calculated on this page?
We model the RD as the future value of a monthly-compounding ordinary annuity: M = P × [ (1 + i)^n − 1 ] / i, where i is the monthly rate and n the number of months. Some banks compound RDs quarterly; we use monthly compounding for transparency and explain this on the methodology page.
Is RD interest taxed like FD interest?
Yes. RD interest is fully taxable at your income slab rate, and TDS rules similar to fixed deposits can apply. Include the interest in your total income when planning taxes.
RD or FD — which should I choose?
Choose an RD if you want to save a fixed amount every month from your income. Choose an FD if you already have a lump sum to lock away. For the same rate and period, a lump-sum FD typically earns more in absolute terms because the full amount is invested from day one.
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