Finance
Recurring Deposit Calculator
RDs let you build a corpus from a small monthly habit — perfect for short-term goals like a down payment or annual fees. We use the bank-standard formula with quarterly compounding so the result matches what you'd actually see at maturity, then break down deposit vs interest for clarity.
₹5,000
₹
7%
%
5yrs
yrs
Maturity value
₹3,59,664
Total deposited
₹3,00,000
Interest earned
₹59,664
Maturity
₹3,59,664
Deposited₹3,00,000
83.4%
Interest₹59,664
16.6%
Most Indian banks compound RD interest quarterly. TDS applies on interest above ₹40,000/year.
DepositedInterest
Peak: ₹3,59,664
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Frequently asked
- Can I withdraw an RD early?
- Yes, but with a penalty — typically 1% off the contracted rate. Worth doing only if the funds are urgent or if interest rates have moved up materially.
- Is RD interest taxable?
- Yes — at slab. TDS @10% is deducted if total interest from all bank deposits crosses ₹40,000 a year (₹50,000 for seniors).
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