Recurring deposit calculator
Work out what a recurring deposit pays at maturity, with each instalment compounded quarterly for the time it is in the bank.
Maturity amount
₹7,19,328
You deposit
₹6,00,000
Interest earned
₹1,19,328
83%
- What you put in₹6,00,000(83%)
- What it earned₹1,19,328(17%)
- Amount deposited
- Deposit value
See the numbers
| Year | Amount deposited | Deposit value | Interest |
|---|---|---|---|
| 0 | ₹0 | ₹0 | ₹0 |
| 1 | ₹1,20,000 | ₹1,24,621 | ₹4,621 |
| 2 | ₹2,40,000 | ₹2,58,198 | ₹18,198 |
| 3 | ₹3,60,000 | ₹4,01,373 | ₹41,373 |
| 4 | ₹4,80,000 | ₹5,54,837 | ₹74,837 |
| 5 | ₹6,00,000 | ₹7,19,328 | ₹1,19,328 |
- Each instalment earns interest only for the time it has been in the bank, which is why the total is well below a fixed deposit of the same size.
- Interest is taxed at your slab rate. Missing an instalment usually carries a small penalty.
Common questions
RD or SIP?
An RD pays a fixed rate and cannot fall; a SIP into an equity fund can fall a long way and has historically returned more over long periods. Money you need within a few years belongs in the first.
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This is general information for education, not investment, tax or legal advice. Rules and rates change; check the official source before acting. Read the full disclaimer.