RD Calculator 2026 – Recurring Deposit Maturity & Interest Calculator

Recurring Deposit Calculator 2026

Calculate RD maturity amount, interest and TDS — with year-wise & month-wise breakup

Monthly Installment (₹) *

Fixed amount deposited every month

Annual Interest Rate (%)

SBI: 6.5–7.0% | HDFC: 7.0–7.25% | Post Office: 6.70%

Tenure

E.g. 2 years 6 months = 30 total months

Investor Type

Senior citizens get 0.25–0.50% additional interest

TDS Applicable?

TDS deducted if interest > ₹40,000/yr (₹50,000 seniors)

Bank / Institution

Select a bank to auto-fill its current RD rate

Total Deposited

–

Interest Earned

–

Maturity Value

–

TDS Deducted

–

Net Amount

–

Monthly Inst.

–

Invested vs Interest

–

Interest %

Total Deposited–

Interest Earned–

Quarter-wise Growth Chart

Year-wise Breakup

Period	Deposits Made	Total Invested	Interest	Balance

Disclaimer: This is an indicative calculation based on standard quarterly compounding. Actual RD maturity may vary slightly by bank. Consult your bank or a financial advisor for confirmed figures.

Best RD Rates 2026 – Bank Comparison

Bank	1 Yr	3 Yr	5 Yr	Sr. Citizen
SBI	6.80%	6.75%	6.50%	+0.50%
HDFC Bank	7.10%	7.25%	7.00%	+0.50%
ICICI Bank	7.00%	7.00%	6.90%	+0.50%
Axis Bank	7.10%	7.20%	7.00%	+0.75%
Kotak Bank	7.50%	7.40%	6.20%	+0.50%
Post Office	6.70%	6.70%	6.70%	Same
🏆 Small Fin. Banks	8.00%	8.50%	9.00%	+0.50%

*Indicative rates 2026. Verify with bank before opening. Post Office RD has 5-yr tenure only.

Quick RD Scenarios

Post Office RD – Key Facts 2026

Interest Rate6.70% p.a.

Tenure5 Years (Fixed)

Min. Deposit₹100/month

Government Backed✅ 100% Safe

RD Interest is Taxable!

RD interest must be reported in your ITR every year. Our tax experts file your return with correct TDS credit, Form 26AS reconciliation, and optimal tax planning.

File ITR with RD Income TDS Calculator

Understanding Recurring Deposits

Key facts every RD investor in India should know before opening an account

What is an RD?

A Recurring Deposit (RD) lets you invest a fixed amount every month for a chosen tenure and earn interest at a predetermined rate. It is the disciplined savings alternative to a lump sum FD.

Safety & Insurance

Bank RDs are covered by DICGC insurance up to ₹5 lakh per depositor per bank. Post Office RDs carry full government sovereign guarantee — the safest option available.

TDS on RD Interest

If annual RD interest across all accounts in a bank exceeds ₹40,000 (₹50,000 for seniors), TDS at 10% is deducted. Submit Form 15G/15H to prevent TDS if income is below taxable limit.

Premature Withdrawal

RDs can be closed prematurely, but a penalty of 0.5–1% is deducted from the applicable interest rate. Some banks allow a loan against RD up to 90–95% of the deposit value.

📝 Complete Guide

RD Calculator – Complete Guide 2026

Everything you need to know about recurring deposits, the RD formula, interest rates, and how to plan your monthly savings goal

The Basics

What is an RD Calculator and Why Do You Need One?

A recurring deposit calculator 2026 is a free online tool that computes the exact maturity amount, total interest earned, and net amount after TDS for a Recurring Deposit — based on your monthly installment, interest rate, and chosen tenure. Unlike a simple multiplier, a proper rd calculator online applies quarterly compounding as per the standard RBI formula for RDs, giving you accurate results that match what your bank will show at maturity.

The reason you need an rd interest calculator rather than doing it mentally is straightforward: RD interest calculation is more complex than FD. While an FD compounds a single principal, an RD involves a fresh deposit every month — each instalment earning compound interest for a different number of quarters. For a 12-month RD, your first instalment compounds for 4 quarters, your second for ~3.67 quarters, your last instalment compounds for just 1 quarter. The cumulative effect cannot be easily estimated in your head.

Our rd maturity calculator handles all of this accurately — whether you need a rd calculator for 1 year, 3 years, or the standard post office rd calculator 2026 5-year plan. It also computes TDS and shows a complete quarter-by-quarter growth table.

              
              Quick Fact: A ₹5,000/month RD at 7% for 1 year yields approximately ₹62,230 — interest of ₹2,230 on a total investment of ₹60,000. Use our free monthly rd calculator to see exact results for any amount and tenure.
            

₹5,000/month at 7% – 3 Years

₹2,00,120

Maturity Amount

Total Deposited₹1,80,000

Interest Earned₹20,120

Return on Deposit11.18%

Effective Yield~7.27% p.a.

The Formula

RD Calculator Formula – How Is Recurring Deposit Maturity Calculated?

Understanding the rd calculator formula helps you verify results and understand why your actual bank maturity might differ slightly from online calculators. The standard formula for RD maturity value as per RBI and most Indian banks is:

M = R × [(1 + i)^n – 1] / [1 – (1 + i)^(-1/3)]

Where: M = Maturity Amount | R = Monthly Installment | i = Quarterly interest rate (Annual Rate ÷ 400) | n = Total number of quarters

In practice, the calculation works as follows: each monthly installment is treated as a separate deposit that compounds quarterly for its remaining duration. The first instalment (deposited in month 1) earns compound interest for the full tenure. The last instalment (deposited in the final month) earns minimal interest — just a fraction of one quarter. The sum of all these individual compounded values equals the final maturity amount.

              
              Simplified version: Our rd calculator with interest uses a more precise month-by-month accumulation formula that matches bank calculations more accurately than the simplified approximation — especially for non-standard tenures like 15 months or 2 years 6 months.
            

Manual Calculation Example

Monthly RD₹5,000

Annual Rate7% p.a.

Tenure12 months (4 quarters)

Quarterly Rate (i)7/400 = 0.0175

Total Quarters (n)4

Total Deposited₹60,000

Interest Earned≈ ₹2,230

Maturity Value≈ ₹62,230

Rate Guide 2026

RD Interest Rate 2026 – Best Rates Across Banks and Post Office

The rd interest rate 2026 environment remains attractive for depositors, particularly after the elevated rate cycle of 2023–25. Most major banks are offering 6.5–7.5% on RDs depending on tenure, with the best rates concentrated in the 1–3 year window before rates begin tapering off for longer tenures.

Here is a detailed breakdown of the best rd rates 2026 across institutions:

SBI RD Calculator 2026: India's largest bank currently offers 6.5–7.0% on RDs across tenures. The highest rate is on 2–3 year deposits. Senior citizens get an additional 0.50% under the "SBI We Care" programme.
HDFC RD Calculator 2026: HDFC Bank offers 7.0–7.25% on RDs, with the best rate on 15–33 month tenures. Senior citizens receive 0.50% extra. HDFC's online RD has a slightly different rate than branch RDs.
Post Office RD Interest 2026: The National Savings Recurring Deposit (NSRD) at post offices offers a fixed 6.70% for a mandatory 5-year tenure. While the rate is lower than some bank options, the sovereign government guarantee makes it the safest RD option in India. No TDS is deducted at source for post office RDs (interest still taxable in your ITR).
Small Finance Banks: Institutions like Jana SFB, Unity SFB, and Utkarsh SFB offer 8.0–9.5% on RDs — significantly higher than commercial banks, though with slightly higher risk (still DICGC insured up to ₹5 lakh).

              
              Rate Tip: On our rd calculator india tool, use the Bank dropdown to auto-fill the current rate for SBI, HDFC, ICICI, Post Office, or any other institution. This acts as a dedicated sbi rd calculator 2026 or rd calculator hdfc 2026 depending on your selection.
            

₹5,000/mo RD – Bank Comparison (1 Year)

SBI @ 6.80%₹62,115

HDFC @ 7.10%₹62,298

ICICI @ 7.00%₹62,237

Post Office @ 6.70%₹62,053

Small Fin. @ 8.50%₹63,244

Best vs SBI Difference+₹1,129

3-YEAR RD COMPARISON (₹5,000/mo)

SBI 6.75%₹2,00,016

HDFC 7.25%₹2,01,308

SFB 8.50%₹2,04,890

RD vs FD

RD vs FD Calculator 2026 – Which Investment is Right for You?

The rd vs fd calculator 2026 comparison is one of the most searched questions in personal finance. Both RD and FD are safe, bank-backed instruments, but they serve very different financial situations and goals.

A Fixed Deposit requires you to invest a lump sum upfront. Since the entire principal starts compounding from day one, the total interest earned on an FD is significantly higher than an equivalent-sum RD. If you have ₹1.2 lakh sitting idle, investing it as a 1-year FD at 7% earns more than investing ₹10,000/month for 12 months as an RD.

A Recurring Deposit is the disciplined savings vehicle for those who do not have a lump sum but receive regular monthly income — like salaried professionals. It forces a savings habit and ensures you invest a fixed amount every month regardless of market sentiment. Think of it as the fixed-income equivalent of a mutual fund SIP.

              
              Key Insight: Investing ₹1,20,000 as a 1-year FD at 7% yields approximately ₹8,620 in interest. The same ₹1,20,000 invested as ₹10,000/month RD at 7% for 12 months yields only about ₹4,480 in interest — nearly half. This is because FD compounds the full principal from day one, while RD's last instalment barely has time to earn any return. FD wins on returns; RD wins on flexibility and savings discipline.
            

Fixed Deposit (FD)

Lump sum investment required
Higher total interest
Full principal compounds from day 1
Best when you have idle cash
Choose for wealth accumulation

Recurring Deposit (RD)

Monthly installments (no lump sum)
Lower total interest than FD
Builds savings discipline
Best for salaried investors
Choose for regular savings goals

How to Use

How to Use Our Free RD Calculator – Step by Step

Our rd calculator online is designed to be the most accurate and feature-rich RD tool available — providing precise quarterly compounding, TDS deduction, year-wise and quarter-wise breakup, and a visual growth chart. Here is how to get your results in seconds:

Enter Your Monthly RD Installment

Type the fixed amount you plan to deposit every month. This is your rd calculator monthly installment — it can be as low as ₹100 (Post Office minimum) or any amount as per your savings plan. Try different amounts to see how small increases dramatically compound over longer tenures.

Select Bank or Set Interest Rate

Use the Bank dropdown to auto-fill the current rate for SBI, HDFC, ICICI, Post Office, or Small Finance Banks — instantly turning our tool into a dedicated sbi rd calculator 2026, rd calculator hdfc 2026, or post office rd calculator 2026. Or use the rate slider to input any custom rate for comparison.

Set Tenure in Years and Months

Enter the RD tenure — from 1 month to 20 years. Our rd calculator for 1 year scenario works perfectly, as does 2 years 6 months or any other non-standard tenure. The Post Office RD 5-year scenario is also pre-loaded as a Quick Scenario button.

Choose Investor Type and TDS Option

Select Senior Citizen for the additional 0.50% premium. Select TDS option to see the net amount after tax deduction — this makes it a true rd calculator with interest and tax breakdown in one. If you have submitted Form 15G/15H to your bank, select "No TDS" to see gross returns.

Calculate and Explore Full Results

Get instant results: total deposited, interest earned, maturity value, TDS, net amount, a donut chart (invested vs. interest), a quarter-wise bar chart, and a scrollable year-wise breakup table. Everything a serious rd return calculator should provide — completely free, no login needed.

          
          Goal-Based Planning: Know your target amount first (e.g., ₹2 lakh for a vacation in 2 years). Enter the rate and tenure, then adjust the monthly installment until the maturity value matches your target. Our recurring deposit calculator 2026 makes this reverse-planning approach effortless.
        

Tax on RD

TDS on RD Interest – What You Must Know

RD interest is fully taxable as per your income tax slab rate — there is no exemption. Unlike FDs, most people underestimate RD's TDS rules. Here is what you need to know:

TDS Threshold: ₹40,000 per year for regular depositors; ₹50,000 for senior citizens — across all RD and FD accounts in the same bank
TDS Rate: 10% on interest above threshold (if PAN provided), 20% without PAN
Post Office RD: No TDS deducted at source — but interest is still fully taxable and must be declared in your ITR each year
Form 15G/15H: Submit at the start of each financial year if your total income is below the taxable threshold to avoid TDS deduction
Accrual Basis: Report RD interest on accrual basis — each year's interest must be declared in that year's ITR, not just at maturity

Smart Tips

6 Smart Tips to Maximise Your RD Returns

Choose the right tenure: Most banks offer the best rd interest rate 2026 on 1–3 year deposits. Check before committing to a longer tenure at a lower rate.
Senior citizen benefit: Open in a parent's or grandparent's name (age 60+) to automatically earn 0.50% extra on the same deposit.
Post Office for safety: If capital safety is paramount and you can lock in for 5 years, the post office rd interest 2026 at 6.70% with sovereign guarantee is hard to beat.
Auto-debit setup: Link your savings account for auto-debit to avoid missed installments — which attract a penalty of ₹1.50/₹100/month overdue.
Submit 15G/15H early: Do this in April each year to prevent bank TDS deductions on your RD interest.
Compare with SIP: If you are investing for 5+ years, compare RD returns (guaranteed 6.7–7.5%) with equity SIP returns (historically 12–15% but market-linked). RD is safer; SIP potentially creates more wealth.

Quick Reference

RD Maturity Reference Table 2026 – ₹5,000/month at Various Rates

The table below shows RD maturity amounts for ₹5,000/month at different interest rates and tenures with quarterly compounding. Use this alongside our rd calculator india for quick comparisons when choosing a bank:

Tenure	Total Invested	@ 6.5%	@ 7.0%	@ 7.5%	@ 8.0%
6 Months	₹30,000	₹30,489	₹30,530	₹30,571	₹30,612
1 Year	₹60,000	₹62,048	₹62,230	₹62,413	₹62,597
2 Years	₹1,20,000	₹1,24,857	₹1,25,347	₹1,25,840	₹1,26,337
3 Years	₹1,80,000	₹1,99,270	₹2,00,404	₹2,01,550	₹2,02,709
5 Years	₹3,00,000	₹3,47,200	₹3,50,814	₹3,54,479	₹3,58,197
10 Years	₹6,00,000	₹8,34,406	₹8,57,402	₹8,80,872	₹9,04,833

          
          Values shown are before TDS deduction, with quarterly compounding. For your exact personalised maturity figure at any installment, rate, or tenure — use the rd calculator 2026 tool at the top of this page. The Bank dropdown lets you quickly run as an sbi rd calculator 2026, rd calculator hdfc 2026, or post office rd calculator 2026 with pre-loaded current rates.
        

Frequently Asked Questions

Common questions about RD calculation, rates, and tax in India

The rd interest rate 2026 ranges from 6.5% to 7.5% across major banks for regular depositors. SBI RD rates are 6.5–7.0%, HDFC Bank 7.0–7.25%, ICICI Bank 7.0%, Kotak Bank 7.5%, and Post Office RD (NSRD) at a fixed 6.70% for 5 years. Senior citizens receive 0.25–0.75% additional interest at most banks. Small Finance Banks offer up to 8.5–9.5% with DICGC insurance coverage. Use our rd calculator 2026 Bank dropdown to auto-load any bank's current rate.

The standard rd calculator formula used by Indian banks is: M = R × [(1 + i)^n – 1] / [1 – (1 + i)^(-1/3)], where M is the maturity value, R is the monthly installment, i is the quarterly rate (Annual Rate ÷ 400), and n is the number of quarters in the tenure. In practice, each monthly installment is treated as a separate deposit earning compound interest from its deposit date to maturity. Our recurring deposit calculator 2026 applies this formula precisely, including handling non-standard tenures like 15 months or 2 years 6 months.

Yes, TDS is deducted on RD interest if the total interest earned across all RDs and FDs at the same bank exceeds ₹40,000 per year (₹50,000 for senior citizens). The TDS rate is 10% if PAN is provided, and 20% without PAN. Post Office RDs do not have TDS deducted at source, but the interest is still taxable and must be declared in your annual ITR. Submit Form 15G (for regular depositors) or Form 15H (for senior citizens) at the start of each financial year if your total income is below the taxable limit to prevent TDS.

The post office rd interest 2026 rate is 6.70% per annum, compounded quarterly. The Post Office Recurring Deposit (NSRD — National Savings Recurring Deposit) has a fixed tenure of 5 years with a minimum monthly deposit of ₹100 (in multiples of ₹10). It does not offer a senior citizen premium. The key advantage is the sovereign government guarantee — making it the safest RD option in India with no risk of default. Use our post office rd calculator 2026 button to instantly see your 5-year maturity at the current 6.70% rate.

The rd vs fd calculator 2026 comparison shows that FD earns more total interest than an equivalent-sum RD because the entire principal compounds from day one. However, RD is better for salaried investors who do not have a lump sum and want to build savings discipline with monthly contributions. Choose FD when you have idle funds for a guaranteed lump sum return. Choose RD when you want to systematically save a portion of your monthly income. For long-term wealth creation (5+ years), both FD and RD are outperformed by equity mutual funds through SIP — but at the cost of higher risk.

Yes, absolutely. Our rd calculator for 1 year is one of the most common use cases. Simply enter your monthly installment, set the rate (use the bank dropdown for the current rate), set tenure to 1 year 0 months, and click calculate. You'll see the exact maturity amount, total interest earned, and net amount after TDS for a 12-month RD at any bank or interest rate. The quick scenario buttons also have a pre-loaded 1-year scenario (₹5K × 1 Yr × 7%) for instant reference.

Both RD and SIP (Systematic Investment Plan) involve regular monthly investments, but they are fundamentally different. An RD is a bank deposit with a fixed, guaranteed interest rate (6.5–7.5%) and zero market risk. It is ideal for short-term goals (1–5 years) and capital protection. A SIP in mutual funds invests in market-linked securities — primarily equity — and has historically delivered 10–15% annual returns over long periods, but with market volatility and no guaranteed return. For goals under 3 years, RD is safer. For goals above 7 years where you can tolerate volatility, equity SIP typically builds significantly more wealth. Our SIP Calculator can help you compare both scenarios side by side.