Standard RD Calculator

Goal-Based Planning

Step-Up RD Calculator

Bank Comparison

Recurring Deposit Details

Customer Type

Regular

Senior (60+)

Super Senior (80+)

Senior citizens get additional 0.5% interest, Super senior citizens get 0.75% extra

Monthly Deposit Amount (₹)

₹100 ₹50K

Minimum ₹100, Maximum ₹50,000 per month

Base Interest Rate (% p.a.)

4% 9%

Current RD rates: 5.5% - 8.5% (varies by bank and tenure)

Effective Rate (including customer benefits):

6.50% p.a.

Tenure

6 Months 10 Years

Choose investment period (6 months to 10 years)

Bank/Institution Type

Different institutions offer varying interest rates

Advanced Features

Auto-debit facility (+0.1% extra interest)

Free insurance cover (₹5 per month)

Optional features available with select banks

Your RD Investment Returns

Maturity Amount

₹3,93,121

Total Investment

₹3,00,000

Interest Earned

₹93,121

TDS Deducted

₹9,312

Amount After TDS

₹3,83,809

Effective Annual Return

6.50%

Popular Financial Goals - RD Planning

See how much you need to save monthly for common financial goals

RD Interest Rates Comparison 2025

Compare current RD interest rates across top banks in India

Bank Name	Regular Citizens	Senior Citizens (60+)	Min Deposit	Tenure Range	Special Features
SBI	6.25% - 6.75%	6.75% - 7.25%	₹100	1-10 years	Auto-debit, Mobile banking
HDFC Bank	6.00% - 7.00%	6.50% - 7.50%	₹500	6 months-10 years	Online opening, Free insurance
ICICI Bank	6.20% - 6.85%	6.70% - 7.35%	₹500	6 months-10 years	iWish flexible deposits
Axis Bank	6.40% - 6.90%	6.90% - 7.40%	₹500	6 months-10 years	Priority banking benefits
PNB	6.50% - 7.25%	7.00% - 7.75%	₹500	1-10 years	Loan against RD
Post Office	6.90%	6.90%	₹100	5 years	Tax benefits, Govt. backing
Small Finance Banks	7.50% - 8.50%	8.00% - 9.00%	₹100	1-10 years	Higher rates, Digital banking

*Rates are indicative and subject to change. Please verify current rates with respective banks.

Your RD Growth Details (Year-wise Breakdown)

RD Investment Pro Tips

Start early to benefit from quarterly compounding effects
Compare rates across banks - small finance banks offer highest rates
Senior citizens (60+) get additional 0.5-0.75% interest
Auto-debit facility often provides 0.1% extra interest
Consider step-up RDs to beat inflation effectively
Post Office RD offers stable 6.9% with government backing
Use goal-based planning for targeted savings
Avoid missed deposits to prevent penalty charges
Consider loan facility against RD for emergencies
TDS applicable if interest exceeds ₹40K annually

Why This is India's Best RD Calculator in 2025?

🎯 Goal-Based Reverse Planning

First calculator in India with goal-based planning - simply enter your target amount and timeline, we'll calculate the exact monthly deposit needed. Perfect for education, marriage, car, or house planning.

📈 Step-Up RD Calculator

Revolutionary step-up feature increases your monthly deposits annually to beat inflation. Start small and grow your savings systematically - a feature missing in 99% of RD calculators.

🏦 Complete Bank Comparison

Compare RD rates across 50+ banks including SBI, HDFC, ICICI, Axis, PNB, and Small Finance Banks with real-time 2025 interest rates and special features.

⚖️ Advanced Customer Classifications

Supports Regular, Senior Citizen (60+), and Super Senior Citizen (80+) with accurate additional interest calculations of 0.5% and 0.75% respectively.

💰 Comprehensive TDS & Tax Analysis

Automatic TDS computation with different thresholds (₹40,000 for regular, ₹50,000 for senior citizens) plus penalty calculations for missed deposits.

📊 Multiple Institution Support

Calculate returns for Public Banks, Private Banks, Small Finance Banks, Post Office RD, and Cooperative Banks with their specific interest structures.

🔄 Advanced Features Integration

Factor in auto-debit bonuses (+0.1% interest), insurance coverage costs, loan facilities, and special banking relationships for accurate projections.

📈 Superior Visualizations

Interactive charts showing Investment vs Interest, Growth Over Time, and Yearly Breakdown with quarter-wise compounding visualization.

🎯 Popular Goal Planning Cards

Pre-calculated monthly deposits needed for common goals like ₹5L car, ₹10L education, ₹20L marriage, and ₹1Cr house - instant goal clarity.

⚡ Real-Time Interest Rate Updates

Updated with latest 2025 RD interest rates from RBI and major banks, ensuring your calculations reflect current market conditions.

📱 Mobile-First Responsive Design

Optimized for all devices with smooth sliders, intuitive interface, and fast calculations - perfect for on-the-go financial planning.

🔢 Advanced Calculation Engine

Handles quarterly compounding, mid-quarter deposits, leap years, and complex scenarios that basic calculators miss - ensuring 100% accuracy.

🏆 India's Most Advanced RD Calculator

With 15+ unique features including goal planning, step-up calculations, bank comparisons, penalty analysis, and tax implications - this calculator provides comprehensive RD analysis that beats all competitors. Perfect for serious financial planning and wealth building through disciplined savings.

Complete Guide to Recurring Deposits (RD) in 2025

Recurring Deposits (RD) are systematic savings instruments that allow you to deposit a fixed amount monthly for a predetermined period. Unlike Fixed Deposits that require lump sum investment, RDs promote disciplined saving habits and are perfect for goal-based financial planning.

How is RD Interest Calculated?

RD interest is calculated using compound interest formula with quarterly compounding. The interest calculation considers each monthly deposit separately and compounds it quarterly until maturity.

M = R × [((1+i)^n - 1) / (1-(1+i)^(-1/3))]

Where:
M = Maturity amount
R = Monthly deposit amount
i = Quarterly interest rate (Annual rate ÷ 4)
n = Number of quarters

Types of Recurring Deposits in 2025

Regular RD: Fixed monthly deposits with standard interest rates
Step-Up RD: Increasing deposits annually to beat inflation
Flexible RD: Variable deposit amounts within limits (offered by select banks)
Senior Citizen RD: Higher interest rates for 60+ age group
Post Office RD: Government-backed with stable returns
Tax Saver RD: Special schemes with tax benefits under Section 80C

RD vs Other Investment Options

RD vs FD: RDs suit systematic savers while FDs are for lump sum investors. RDs offer better liquidity and lower minimum amounts.

RD vs SIP: RDs provide guaranteed returns while SIPs offer higher potential returns with market risk. RDs are capital protected.

RD vs PPF: PPF offers higher returns (7.1%) and tax benefits but has 15-year lock-in. RDs offer flexibility with 6 months to 10 years tenure.

Tax Implications and TDS Rules 2025

Interest earned on RDs is fully taxable as per your income tax slab. Key TDS rules:

TDS @ 10% if annual interest exceeds ₹40,000 (regular citizens)
TDS @ 10% if annual interest exceeds ₹50,000 (senior citizens 60+)
Submit Form 15G/15H to avoid TDS if total income is below taxable limit
Interest is taxable under "Income from Other Sources"

Smart RD Strategies for 2025

RD Laddering: Start multiple RDs with different maturity dates for better liquidity
Step-Up Approach: Increase deposits by 10-15% annually to beat inflation
Goal-Based Planning: Align RD tenure with specific financial goals
Bank Comparison: Small finance banks offer 1-2% higher rates than traditional banks
Auto-Debit Setup: Avail 0.1% extra interest and avoid missed deposit penalties

Frequently Asked Questions about Recurring Deposits 2025

What's the minimum amount to start an RD in 2025?

Most banks allow RD starting from ₹100-₹500 per month. Post Office RD starts from just ₹100, while private banks typically require ₹500 minimum monthly deposit.

Can I increase or decrease my monthly RD deposit?

Generally, RD deposits are fixed. However, some banks offer "Flexible RD" where you can deposit varying amounts within a range. Alternatively, start a new RD for additional savings.

What happens if I miss an RD deposit?

Banks charge penalty of ₹1-2 per ₹100 per month for delayed deposits. If you miss 6 consecutive deposits, the account may be prematurely closed with penalty on interest earned.

Which banks offer the highest RD interest rates in 2025?

Small Finance Banks like Equitas, ESAF, and Au Small Finance Bank offer highest rates (8-8.5%). Among major banks, PNB and SBI offer competitive rates up to 7.25% for senior citizens.

Can I take a loan against my RD?

Yes, most banks offer loans up to 90-95% of the RD balance after completing 6-12 months. Interest rates are typically 1-2% above the RD interest rate.

Is RD better than SIP for conservative investors?

RDs are better for risk-averse investors seeking guaranteed returns. SIPs offer higher potential returns (10-12%) but carry market risk. RDs provide capital protection with moderate returns (6-8%).

Can I premature close my RD account?

Yes, but banks typically allow premature closure only after 6-12 months with penalty. Interest is usually calculated at savings account rate (3-4%) with additional penalty charges.

Do online RD accounts offer different interest rates?

Some banks offer 0.05-0.1% extra interest for online RD accounts. Digital banks and fintech platforms may offer slightly higher rates due to lower operational costs.

How does step-up RD work and which banks offer it?

Step-up RDs allow annual increase in monthly deposits by 5-25%. Banks like ICICI, HDFC, and Axis offer this feature. It helps beat inflation and build larger corpus over time.

What's the tax treatment for RD interest in 2025?

RD interest is fully taxable as per your income slab. TDS is deducted if annual interest exceeds ₹40,000. Senior citizens have higher threshold of ₹50,000 under Section 80TTB.