RD Calculator
Total Maturity Value
₹ 1,28,421
| Bank / Institution | RD Interest Rate (Approx.) | Senior Citizen Benefit | Official Source |
|---|---|---|---|
| State Bank of India (SBI) | 6.50% – 6.80% | Yes | SBI RD Rates |
| HDFC Bank | 6.25% – 7.00% | Yes | HDFC RD Rates |
| ICICI Bank | 6.50% – 7.20% | Yes | ICICI RD Rates |
| Axis Bank | 6.00% – 7.10% | Yes | Axis RD Rates |
| Canara Bank | 6.25% – 7.25% | Yes | Canara RD Rates |
| Punjab National Bank (PNB) | 6.25% – 7.25% | Yes | PNB RD Rates |
| Post Office RD | 6.70% (Govt. declared) | No separate slab | Post Office RD Rates |
Note: RD interest rates are indicative and subject to change. Always verify the latest rates on the official website before opening an RD account.
An RD calculator helps you estimate how much money you can accumulate by investing a fixed amount every month in a Recurring Deposit (RD). It is one of the simplest ways to build savings steadily without making a significant one-time investment.
Whether you are opening an RD account with SBI, HDFC, ICICI, Axis Bank, Canara Bank, PNB, or the Post Office RD scheme, this calculator helps you understand your maturity amount and interest earned before you start investing.
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How RD Interest Is Calculated
RD interest is calculated using compound interest, usually compounded quarterly. The final return depends on:
- Monthly deposit amount
- RD interest rate
- RD tenure
- Compounding frequency
Our RD interest calculator automatically applies the correct formula, saving you the hassle of manual calculations.
RD in Bank vs Post Office RD Scheme
You can open an RD account with:
- Banks like SBI, HDFC, ICICI, Axis, Canara Bank, PNB
- Post Office RD scheme
While RD interest rates differ slightly between banks and post offices, the structure of monthly deposits remains similar across both. The government backs Post Office RDs, while bank RDs offer more digital convenience.
FD vs RD – What’s the Difference?
- FD (Fixed Deposit): One-time lump sum investment
- RD (Recurring Deposit): Monthly fixed investment
RD is better for people who want to save gradually, while FD suits those with a lump sum available.
FAQs – RD Calculator
RD, or Recurring Deposit, is a savings scheme where you deposit a fixed amount every month and earn interest over time.
The full form of RD is Recurring Deposit.
RD is better for regular monthly saving, while FD suits lump-sum investments. Both serve different financial needs.
Yes, you can calculate Post Office RD returns by entering the applicable interest rate.
Yes, many banks offer additional interest for senior citizens on RD accounts.
Yes, interest earned on RD is taxable as per income tax rules.
