RD Calculator

Don’t we all wish to grow our wealth? But that seldom happens, because we don’t make the right financial decisions. But if you must know there’s a subtle art of growing your money – and that subtle art in...

Calculate your earnings with RD

You Get

Total Investment

₹ 30.00 k

Total Interest

₹ 0.35 k

Maturity Amount

₹ 30.35 k

Graph view

0.00 Lakh0.10 Lakh0.20 Lakh0.30 Lakh0.40 Lakh1 months2 months3 months4 months5 months6 months
  • Interest
  • Investment amount
MonthInvestmentInterest
1500017
21000050
315000100
420000167
525000250
630000351

Note: Compounding is occurring on monthly basis.

Maximise Your Savings

Are you an NRI

+91

Annual Income (Lakhs)

*

Disclaimer:

Applicable for Titanium variant of Axis Max Life Smart Fixed-return Digital plan (Premium payment of 5 years and Policy term of
10 years) and a healthy male of 18 years paying Rs. 30,000/- per month (exclusive of all applicable taxes) with 6.80% return.
Life Insurance is available with this product

Sumit Narula
Written by Sumit Narula Verified Badge
Investment Writer Sumit Narula is a financial writer with 10+ years of experience in writing about investment products. He has covered ULIPs, mutual funds, and retirement plans across fintech firms and insurers like Axis Max Life. Published 29th August 2023
Prateek Pandey
Reviewed by Prateek Pandey Verified Badge
Last Modified 29th June 2026 Investment Expert Prateek Pandey comes with 6+ years in the financial services industry and has led strategy for investment products like ULIPs, mutual funds, and retirement plans. His deep understanding of investor behavior ensures customer gets through understanding before decision making.

What is a Recurring Deposit?

Recurring Deposit is a saving cum investment scheme offered by numerous banks in India. It works by making regular deposits into the saving tool. The deposit earns returns according to the rate of interest defined by the banks. Furthermore, the power of compound interest makes it an even more exciting deposit scheme, yielding better returns.

An RD account holder can invest a fixed amount every month while earning interest on the investment. The tenure of Recurring Deposit can range anywhere from 6 months to 10 years. Recurring Deposit provides ease of investment and flexibility to investors, making it an ideal saving cum investment scheme.

How Does RD Interest Calculator help you?

A Recurring Deposit calculator comes with multiple advantages that you can benefit from.

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1. Aids Financial Planning

A Recurring Deposit Calculator can give you a fair idea of the maturity amount you’ll get when you invest a fixed amount for a fixed time as recurring deposit. Knowing the amount well in advance can help your financial planning by helping you make better investment and purchasing decisions.

2. RD Calculator is Easy to Use

There are numerous RD calculators available online. You just have to choose one, enter the deposit amount, and the number of years you want to keep investing in the Recurring Deposit, and you’ll get the results in no time.

How to Use Online RD Calculator?

An RD calculator is easy to use. To use the calculator on this page scroll to the 1st fold of the page and access the calculator given under the heading **RD Calculator**. You will be required to enter basic details such as your monthly investment amount, rate of interest per annum, and investment tenure to calculate the amount you will receive on maturity.

How is RD Interest calculated in 2025?

Knowing the maturity amount for your Recurring Deposit can help your financial planning. The maturity amount can be calculated manually as well as through the RD interest calculators available online.

As for RD interest, it is set by banks. Therefore, it’s not uncommon to find different interest rates for Recurring Deposit schemes offered by multiple banks. It is not clear how banks calculate interest rates for Recurring Deposit, but the interest rates are influenced by recession, RBI policies, inflation, economy, tenure, age of the applicant and so on.

Recurring Deposit Formula

The maturity amount of the Recurring Deposit can be calculated through the Recurring Deposit formula.

Here’s the formula:

A = P*(1+R/N)^(Nt)

A = Maturity amount

P = Recurring deposit amount

N = compounding frequency,

R = Interest rate

T = Tenure

Advantages of RD Calculator

RD or Recurring deposit is an investment tool that allows investors to save money on a regular basis for a long period of time. Calculating returns made on these deposits can be a challenging task for investors. Using an RD calculator can eliminate the hassles of estimating the returns manually. Apart from that, an RD calculator can provide you with the following benefits: -

Saves Time

RD calculator is a time-saving instrument. It can perform the calculations within a few seconds. The entire process from visiting the RD calculator website to making calculations will not take more than 2 minutes.

Accurate

Using an RD calculator can give you fairly accurate results with correct inputs.

Free to Use

Most online RD calculator is free to use as many times as you like. It also offers you the flexibility to calculate returns using different variables.

Helps Compare RD Interest Rates

If you are confused about where you should open a RD account, the best strategy is to invest where interest rates offered are the highest. An RD calculator can provide instant comparison between maturity amount for different RD interest rates.

Future Planning

Knowing your future returns can help fulfil your financial goals efficiently. An RD calculator will provide you with right estimate of your future returns so you can plan accordingly.

Low Initial Investment

One of the key features of an RD scheme is that it allows investors to start investing with low amounts. You can open a recurring deposit account with an investment of as low as Rs. 100.

Tenure

The minimum period of deposit for an RD account is 6 months. You, as an investor has the flexibility to choose a suitable period with a maximum tenure of up to 10 years.

Interest Rate

The rate of interest offered on the RDs is always higher than the rates offered on a regular savings account. Make sure to invest in the RD that offers the highest interest rates.

Premature Withdrawal

Premature withdrawals under RD account are allowed but are subject to a certain penalty.

RD vs FD vs SIP: Which Investment Option is Right for You?

Feature RD (Recurring Deposit) FD (Fixed Deposit) SIP (Systematic Investment Plan)
Investment Type Monthly fixed savings Lump sum deposit Market-linked mutual fund investment
Risk Level Low Very Low Medium to High
Returns Fixed Fixed Market-dependent (potentially higher)
Flexibility Monthly contributions One-time investment Flexible monthly investments
Liquidity Moderate Low (penalty on withdrawal) High (partial withdrawal possible)
Ideal For Salaried individuals saving monthly Conservative investors Long-term wealth creation
Return Nature Guaranteed Guaranteed Non-guaranteed, growth-oriented
Tax Benefit Limited Limited (some schemes) Available in ELSS funds

Tax Implications of RD

The money invested in an RD account every year is counted as part of yearly income of the investor. A TDS (Tax Deducted at Source) of 10% is deducted on the interests earned on your RD account. However, the TDS is not deducted if the interest earned is up to Rs. 40,000. Also, the TDS will be 20% in case you fail to provide your PAN information to the financial institution.

In case your income falls under non-taxable income slab, you will need to submit the Form 15G to be taxed for both fixed deposits and recurring deposits.

Is an RD Interest Rate fixed?

RD interest rate varies according to banks. Different banks offer different RD interest rates. However, the RD interest rate stands fixed during the investment tenure. This is to say, the RD interest rate you were promised at the start of the investment tenure would stay fixed regardless of any fluctuation during the investment tenure.

Is TDS applicable on an RD?

Yes, TDS is applicable on Recurring Deposit. 10% is deducted as TDS on interest earned exceeding INR 40,000. The limit extends to INR 50,000 for senior citizens.

What is the minimum tenure for an RD?

The minimum tenure of RD varies according to the bank. However, for most banks, the minimum investment tenure for Recurring Deposit is 6 months.

Eligibility Criteria for an RD Account

Here is a list of entities who are eligible to open a RD account: --

  • An individual.
  • A minor who is over 10 years and has an identification proof.
  • A minor who is below 10 years under his guradian’s suggestion
  • A government organization.
  • A company or a corporate.

Documents Required to Open an RD Account

Following documents are required to open an RD account: -

  • Identification proof.
  • Duly filled RD application form.
  • Passport size photographs.
  • Address proof.
  • KYC documents.

Frequently Asked Questions

ARN: PCP/RDC/050723

*#Guaranteed benefits are applicable if all due premiums are paid.


Sources:

www.hdfcbank.com/personal/resources/learning-centre/save/what-is-rd-account

www.economictimes.indiatimes.com/wealth/calculators/rd-calculator

www.economictimes.indiatimes.com/wealth/invest/banks-rds-vs-post-office-rd-which-is-offering-higher-interest-rate/articleshow/90994132.cms

www..livemint.com/money/personal-finance/interest-from-recurring-deposits-is-taxable-11637514218903.html

www.timesofindia.indiatimes.com/business/faqs/recurring-deposits/know-all-about-recurring-deposits/articleshow/72400673.cms

www.economictimes.indiatimes.com/wealth/invest/how-to-open-rd-account-online/articleshow/66545129.cms

www.economictimes.indiatimes.com/wealth/tax/where-tds-is-applicable-and-how-to-avoid-it/tomorrowmakersshow/51065305.cms

Customer Reviews

Axis Max Life Insurance

“My husband had invested in Axis Max Life on the recommendation of his friend. Our family expenses were totally dependent on this insurance fund for several years after his death. I must say that this insurance provided a huge support to my family during the difficult times.”

Mrs.Kapoor

Axis Max Life Savings Plan

“I came across Axis Max Life Savings Plan a few years ago when I was researching the market for savings options. I invested in the policy soon after. The plan suits my exact requirements in terms of meeting my savings goals, sufficient life coverage, and maturity benefits.”

Mr.Pal

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