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RD Calculator
Result
Chart
Show formula & working
Maturity = Σ R × (1 + r ÷ 4)m ÷ 3, where m = months each instalment stays invested
Equivalent to the banks' formula M = R × ((1 + i)n − 1) ÷ (1 − (1 + i)−1/3), with i = r ÷ 4 and n = quarters.Details
Small savings interest rates, 1 Oct – 31 Dec 2026 (Q3 FY 2026-27): rates and rules as of 01-Oct-2026 · Source: Government of India OM F.No.1/4/2019-NS dated 30 Sep 2026 (Q3 rates unchanged from Q2), as published by Indian Bank; RD 6.7% and savings 4% from India Post. Every figure based on it stays editable.
How this works
Each monthly instalment earns interest from when it is paid; interest is compounded every quarter.
Recurring deposits suit regular savers who want a fixed, known maturity amount.
Frequently asked questions
What if I miss an instalment?
Banks and the Post Office charge a small default fee; repeated defaults can close the account.
Is RD interest taxable?
Yes, at your slab rate, each year.