🔍 Reviewed by FinMandi Research Team·✓ Standard banking formula·✓ Cross-checked against published bank calculator results·Updated May 2026
Planning to save a fixed amount every month? This RD calculator shows exactly how much your recurring deposit will grow at maturity -- based on monthly deposit, interest rate and tenure.
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FinMandi Research Team · Verified Tools
Standard banking formulas · Cross-checked against published bank calculator results · Updated May 2026
✓ RBI Formulas
Rs 5,000
Rs 500Rs 1 Lakh
6.80%
4%9.5%
2 Years
1 Year10 Years
Maturity Amount
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Total Invested
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Interest Earned
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Post Office RD is backed by the Government of India — considered one of the lowest-risk savings options available. Bank RDs at Small Finance Banks offer up to 8.5%+ but are Bank deposits are covered by DICGC insurance up to Rs 5 lakh per depositor per bank. This is a regulatory scheme — verify current limits at dicgc.rbi.org.in.
Frequently Asked Questions
Bank RD rates in 2026 range from 6.5% to 8.5% p.a. Post Office RD is 6.7% (backed by the Government of India). Small Finance Banks offer the highest rates. Senior citizens get an additional 0.25-0.50% at most banks.
Yes. RD interest is fully taxable as Income from Other Sources at your slab rate. TDS is deducted at 10% if annual interest exceeds Rs 40,000 (Rs 50,000 for seniors). Submit Form 15G/15H if your total income is below the taxable limit.
FD is better if you have a lump sum to invest. RD is better for disciplined monthly saving from salary. Both offer similar interest rates. Choose RD for monthly saving, FD for lump sum. FD allows premature withdrawal more easily.
Missing an instalment attracts a penalty of Rs 1-2 per Rs 100 per month. After 4 missed instalments, the bank may convert the RD to a savings account. Always maintain auto-debit to avoid missing instalments.
Yes, but interest is paid at a lower rate (typically 1% below the rate for actual tenure completed). Post Office RD allows premature closure after 3 years. Most banks do not allow closure before 3 months.
Results are indicative and for informational purposes only. Actual amounts may vary based on your bank's specific terms, compounding method, and applicable charges. Always verify with your bank or financial provider before making any financial decision. FinMandi is not a bank, NBFC, or registered investment adviser.