RD Calculator
Calculate RD maturity amount for SBI, Post Office, HDFC recurring deposits. Monthly deposit from Rs 100 to Rs 1L. Compare bank vs post office RD rates.
RD Calculator — Recurring Deposit Returns
Results update instantly
Monthly deposit amount — minimum Rs 100 in most banks
SBI RD: 6.5-7.0% | Post Office RD: 6.7% | Senior citizens: +0.5%
Estimates based on constant rate assumption. Actual returns may vary.
| Year | Invested | Returns | Total Value |
|---|
RD is essentially a SIP into an FD. Rs 5,000/month RD at 6.7% for 5 years = Rs 3L invested, Rs 3.55L maturity. The same Rs 5,000/month SIP in a Nifty index fund at 12% CAGR = Rs 4.12L maturity. RD is safer; SIP gives 16% more for the same investment.
What is an RD Calculator?
An RD calculator estimates the maturity amount of a Recurring Deposit — a savings instrument where you deposit a fixed amount every month and earn interest over a set tenure. RD combines the discipline of monthly saving with the guaranteed returns of fixed deposits.
RD maturity formula
P = Monthly deposit n = Total months r = Annual interest rate
Simplified: this is equivalent to investing each month's deposit as a separate FD for the remaining tenure.
Bank RD vs Post Office RD
Post Office RD (National Savings Recurring Deposit) offers 6.7% with government backing — zero default risk. Bank RDs from SBI, HDFC, ICICI offer 6.5-7.5% depending on tenure and category. Small finance banks offer 8-9% but carry slightly higher risk (though insured up to Rs 5L by DICGC).
RD vs SIP — honest comparison
Both involve monthly investments but the similarity ends there. RD is capital-protected, guaranteed, but generates taxable returns at 6.5-7.5%. SIP in equity mutual funds has historically returned 12-15% over 10+ year periods but is market-linked and not guaranteed. For short-term goals (1-3 years), RD is better. For long-term goals (5+ years), SIP typically outperforms significantly.
ThriftRupee tips for RD investors
Tip 1: Use RD for specific short-term goals. Planning a foreign trip in 18 months? Saving for a gadget in 12 months? An RD lets you auto-save monthly toward the exact target date and amount.
Tip 2: Choose senior citizen RD for parents. Senior citizens get an extra 0.5% on RDs at most banks. A Rs 10,000/month RD for a retired parent at 7.5% for 5 years creates Rs 7.3L maturity.
Tip 3: Post Office RD for absolute safety. If you want the guarantee of the Indian government (beyond DICGC Rs 5L bank insurance), Post Office RD at 6.7% is the safest monthly savings option available.