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Predict your guaranteed maturity amount exactly as calculated by Indian Banks and Post Offices. See how small monthly deposits compound into a secure corpus over time.
Formula (Quarterly Compounding)
M = P × ((1 + r/n)ⁿᵗ - 1) / (1 - (1 + r/n)^(-1/3))
Standard Indian Bank / Post Office RD formula
Maturity Amount
₹7,19,328
Guaranteed payout
Interest Earned
₹1,19,328
19.9% absolute return
Total Deposited
₹6,00,000
10,000 × 60 months
Compound Rate
7
Annual interest
| Year | Deposited | Value | Interest |
|---|---|---|---|
| 1 | ₹1,20,000 | ₹1,24,621 | +₹4,621 |
| 2 | ₹2,40,000 | ₹2,58,198 | +₹18,198 |
| 3 | ₹3,60,000 | ₹4,01,373 | +₹41,373 |
| 4 | ₹4,80,000 | ₹5,54,837 | +₹74,837 |
| 5 | ₹6,00,000 | ₹7,19,328 | +₹1,19,328 |
Recurring Deposits compound quarterly based on standard Indian banking formulas:
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Book Free ConsultationRecurring Deposits are the safest way to build a guaranteed corpus through small, disciplined monthly savings. Our calculator mirrors the exact quarterly compounding logic used by SBI, HDFC, ICICI, and India Post to give you the precise maturity value.
Unlike Mutual Fund SIPs, your maturity amount is locked in on Day 1. It is completely immune to stock market crashes or interest rate changes during the tenure.
The magic happens every 3 months when your accrued interest starts earning interest of its own, accelerating your wealth curve.
You can easily take a loan against your RD (up to 90% of the deposit amount) without breaking the deposit, preserving your interest rate.
| Feature | RD (Recurring Deposit) | SIP (Mutual Fund) | FD (Fixed Deposit) |
|---|---|---|---|
| Risk Level | Zero Risk (Guaranteed) | High Risk (Market Linked) | Zero Risk (Guaranteed) |
| Investment Frequency | Monthly | Monthly/Weekly/Daily | One-time Lumpsum |
| Returns Strategy | Fixed (~6-8%) | Variable (~10-15%) | Fixed (~6-8%) |
| Taxation | According to Income Slab | 12.5% LTCG (Equity) | According to Income Slab |
Unlike the tax-free status of instruments like PPF, the interest you earn on an RD is fully taxable. It gets added to your annual income and is taxed at your marginal slab rate.
RBI Regulation: Bank Recurring Deposits are governed by the RBI's Master Direction on Interest Rate on Deposits. Post Office RDs are governed by the Government Savings Promotion Act, 2019.
DICGC Insurance: Bank RDs are insured up to ₹5,00,000 per depositor per bank under DICGC. Post Office RDs carry sovereign guarantee from the Government of India.
Disclaimer: Interest rates are indicative and subject to change. RD interest is fully taxable under Income from Other Sources. TDS applies per Section 194A.
RD is safe but taxable. Explore tax-efficient alternatives: