RD calculator
Put in the same amount every month and see what your recurring deposit is worth at the end.
Before tax. RD interest is taxed at your slab rate.
Year by year
How RD maturity is worked out
Each monthly deposit P earns interest, compounded every quarter, for the months it stays in the account. The first deposit grows for all n months, the last for one month. Adding them all up gives the maturity value. r is the yearly rate in %.
For example, ₹10,000 a month for 60 months at 6.7% matures to about ₹7.14 lakh, close to the Post Office's published figure.
What if I miss an instalment?
Banks and the Post Office charge a small penalty for a late deposit, and too many missed months can close the account. This calculator assumes every deposit is on time.
RD or SIP?
An RD gives a fixed, known return. A SIP in a mutual fund may earn more over long periods, but the value goes up and down. Compare with the SIP calculator.