See what a fixed monthly deposit becomes at maturity, using the quarterly compounding banks use for recurring deposits.
A recurring deposit (RD) lets you save a fixed amount every month for a chosen period, earning a fixed interest rate. It's a disciplined way to build savings without needing a large lump sum up front.
Each monthly deposit earns interest for the time it stays in the account, and banks compound quarterly. Because earlier deposits sit longer, they earn more interest than later ones — so the total interest builds up steadily as the tenure progresses.
An FD is a single lump sum locked away; an RD is many small monthly deposits. For the same rate and total amount, an FD usually earns a bit more overall, because the full sum is invested from day one. An RD wins on convenience and discipline — you save as you earn.
Note: like FDs, RD interest is taxable at your income slab rate. This calculator shows the pre-tax maturity value.
Each monthly deposit earns interest for the remaining tenure, compounded quarterly. Earlier deposits earn more because they stay invested longer. This calculator sums all deposits with quarterly compounding.
They serve different needs. An FD invests a lump sum from day one and usually earns slightly more overall. An RD lets you save monthly without a big upfront amount, which is great for building a habit.
Yes, RD interest is taxed at your income slab rate, and TDS may apply above a threshold. The maturity shown here is before tax.
Yes, free and private — everything runs in your browser with no sign-up.