RD Maturity Calculator

Calculate the exact maturity amount of your recurring deposit (RD) on the date it matures, given the monthly deposit, interest rate, and tenure.

Free to use
Accurate results
No registration required
Works on all devices

Enter your monthly RD deposit, interest rate, and tenure to calculate the exact maturity amount and total interest earned.

Monthly deposit *

₹

The fixed amount you deposit every month.

Interest rate (per annum) *

The annual RD interest rate offered by your bank.

Tenure (months) *

RD tenures in India commonly range from 6 months to 10 years.

Your result

₹24,857.29

Maturity amount

Total amount deposited₹24,000

Total interest earned₹857.29

AI explanation

Formula

Maturity = R × ((1+i)^n − 1) / (1 − (1+i)^(−1/3)), i = Rate/4/100 (quarterly), n = Tenure in months / 3

Worked example

₹2,000/month RD at 6.5% for 12 months

Worked example: ₹2,000/month RD at 6.5% for 12 months
Field	Value
Monthly deposit	2000
Interest rate (per annum)	6.5
Tenure (months)	12
Maturity amount	24857.29
Total amount deposited	24000
Total interest earned	857.29

Assumptions

Uses the standard Indian bank RD formula, where interest is compounded quarterly on the cumulative balance while deposits are made monthly.
Does not account for TDS deducted on RD interest above the threshold set by the Income Tax Department, or missed-installment penalties.

Frequently asked questions

How is RD maturity value calculated?

Interest is compounded quarterly on the cumulative balance of monthly deposits, using a formula that accounts for each installment earning interest for a different length of time within the tenure.

Does the maturity amount include TDS?

No — this shows the gross maturity value before any TDS the bank deducts on interest that exceeds the applicable threshold in a financial year.

Can I close my RD before maturity?

Most banks allow premature closure but pay a lower interest rate than the full-tenure rate, and some charge a penalty — check your bank's specific premature-closure terms.

Related calculators

Sources

Reserve Bank of India — Master Direction on Interest Rate on Deposits — Reserve Bank of India. Effective 03-03-2016, reviewed 12-09-2026.

This calculator uses the standard quarterly-compounding RD formula and does not include TDS, missed-installment penalties, or bank-specific terms. Actual maturity amount offered by a bank may differ slightly based on its specific compounding convention.

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