Calculate the maturity value of your Recurring Deposit (RD) account. Works for bank RDs (SBI, HDFC, ICICI, Axis) and Post Office RD at current interest rates. Shows total interest earned and TDS deduction.
Step 1. Enter your monthly deposit amount.
Step 2. Enter the annual interest rate offered by your bank.
Step 3. Enter the tenure in months (banks offer 6-120 months; Post Office: 60 months fixed).
Step 4. The calculator shows maturity value, total interest, and estimated TDS.
With the default inputs loaded in the form, the calculator produces a starting result you can use as a baseline. Change one field at a time to compare a new scenario.
Recurring Deposits (RD) combine the discipline of fixed monthly saving with the higher interest rates of term deposits. Unlike savings accounts, RDs lock in a higher rate for the entire tenure.
Current RD rates (2026): SBI 5.5-7.0%, HDFC 5.75-7.25%, ICICI 5.75-7.0%, Post Office RD 6.7% (quarterly compounded). Senior citizens typically get 0.25-0.5% extra.
TDS (Tax Deducted at Source) is applicable on RD interest exceeding Rs.40,000 per year (Rs.50,000 for senior citizens) at 10% for those with PAN and 20% without PAN. Submit Form 15G/15H if income is below taxable limit.
Post Office Recurring Deposit rate is 6.7% per annum, compounded quarterly. The tenure is fixed at 5 years (60 months). Minimum deposit is Rs.100 per month with no upper limit.
Yes — premature closure is allowed after minimum 3 months. Banks typically deduct 1% from the applicable rate (or the rate for the period completed, whichever is lower). Post Office RD allows premature closure after 3 years.
Yes — RD interest is taxable as 'Income from Other Sources' at your slab rate. TDS is deducted at 10% if interest exceeds Rs.40,000 (Rs.50,000 for seniors) in a financial year across all accounts in a bank.
RD: guaranteed return (5.5-7%), principal protected, low risk, suitable for short-term goals. SIP: market-linked (historically 10-15% for equity), principal at risk short-term, better for long-term wealth creation. RD for 1-3 year goals; SIP for 5+ year goals.
Computes PPF maturity value at 7.1% annual compounded interest for 15-year maturity with optional extension projections. Shows interest earned and effective annual return.
Computes standard and step-up SIP future value, adds existing corpus growth, and adjusts for inflation to show real purchasing power at end of investment period.
Projects EPF corpus using compound interest on current balance plus future contributions with salary growth. Compares against retirement income needs and shows the gap.
Disclaimer: Results from this calculator are for informational and planning purposes only and do not constitute financial, legal, or professional advice. Always verify important calculations with a qualified professional.
