RD Calculator
To calculate RD maturity, ClickZM compounds each monthly instalment quarterly, the method Indian banks use. ₹1,000 a month for 12 months at 6.5% matures at about ₹12,430.
Results are estimates for planning, not financial or tax advice. How we source rates
- Free
- No signup
- Runs in your browser
How to use RD Calculator
- 1Type or paste your input into the RD Calculator.
- 2Choose any options you need.
- 3See the result update instantly.
- 4Copy the result or download it.
How the RD Calculator works
Each monthly instalment is treated as a small deposit that compounds quarterly for the months it stays invested, the method Indian banks use. The first instalment earns interest for the whole term and the last one for a single month.
Banks round the interest and may offer different rates for senior citizens or special tenures. RD interest is taxed at your slab rate, and TDS applies above the yearly threshold.
Often used with: FD Calculator, SIP Calculator, PPF Calculator
Sources: Reserve Bank of India
RD Calculator: questions people ask
How is RD interest calculated?
Each deposit earns compound interest for the months it stays invested, compounded quarterly.
Can I miss an RD instalment?
Banks usually charge a small penalty for late instalments.
Is my data uploaded when I use the RD Calculator?
No. The RD Calculator runs entirely in your web browser, so your text and numbers stay on your device and work even on a slow connection.
Does the RD Calculator work on iPhone, Android and Mac?
Yes. The RD Calculator runs in any modern browser (Safari, Chrome, Edge or Firefox) on iPhone, iPad, Android phones, Mac, Windows and Chromebook. There is no app to install.
Is the RD Calculator free?
Yes. The RD Calculator is free with no signup, no watermark and no daily limit.
How is RD interest calculated?
The deposit is added every month. Interest is compounded every quarter at one-fourth of the annual rate, which is how Indian banks credit recurring-deposit interest. A tenure that is not a multiple of three months earns a pro-rata quarter at the end.
Why is this slightly different from a simple-interest RD calculator?
Some sites use installment × n(n+1)/2 × rate/1200, which is simple interest. Quarterly compounding is a little higher and closer to a bank passbook. Your bank's rate and the exact day of deposit can still move the figure by a small amount.