Enter your monthly deposit, rate, and tenure to see the maturity value the way Indian banks compute it.
Each monthly installment earns compound interest for the months it stays deposited — the first installment compounds for the full tenure, the last for just one month. Indian banks compound RD interest quarterly; this calculator models each installment's growth month by month at the equivalent rate.
Yes — like FD interest, RD interest is taxable at your slab rate and subject to TDS above the annual threshold. The maturity value above is pre-tax.
Banks typically charge a small penalty per missed installment (often ₹1–2 per ₹100 per month) and may close RDs with several consecutive defaults — the projection above assumes every installment is paid on time.
Both involve fixed monthly contributions, but an RD earns a guaranteed bank interest rate, while a SIP invests in market-linked mutual funds with higher potential returns and real risk of loss. For SIP projections, use the Investment calculator.
Worked example: ₹5,000/month for 60 months at 6.8% grows to roughly ₹3.57 lakh — ₹3 lakh of your deposits plus about ₹57,000 interest.