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Standard RD Calculator
Goal-Based Planning
Step-Up RD Calculator
Bank Comparison

Recurring Deposit Details

Senior citizens get additional 0.5% interest, Super senior citizens get 0.75% extra
₹100 ₹50K
Minimum ₹100, Maximum ₹50,000 per month
4% 9%
Current RD rates: 5.5% - 8.5% (varies by bank and tenure)
Effective Rate (including customer benefits):
6.50% p.a.
6 Months 10 Years
Choose investment period (6 months to 10 years)
Different institutions offer varying interest rates
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)

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

đŸŽ¯ 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.

đŸĻ 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.

âš–ī¸ 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.

đŸŽ¯ 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.

đŸ”ĸ 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 (RDs) 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 Ãˇ 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 RD Calculator 2025

Most banks allow RD starting from ₹100-₹500 per month in 2025. Post Office RD starts from just ₹100, while private banks like HDFC, ICICI, and Axis typically require ₹500 minimum monthly deposit. Small Finance Banks offer RDs from ₹100 with higher interest rates up to 8.5%. There's no maximum limit for RD deposits, but some banks may have internal caps.

RD interest is calculated using compound interest formula with quarterly compounding as per RBI guidelines. The formula is M = R × [((1+i)^n - 1) / (1-(1+i)^(-1/3))], where M is maturity amount, R is monthly deposit, i is quarterly rate (annual rate Ãˇ 4), and n is number of quarters. Each monthly deposit earns interest until maturity, with compounding applied every three months.

Small Finance Banks like Equitas, ESAF, Au Small Finance Bank, and Jana Small Finance Bank offer highest RD rates in 2025, ranging from 7.5-8.5% for regular customers and 8-9% for senior citizens. Among major banks, PNB offers up to 7.25%, SBI up to 6.75%, while private banks like HDFC (7%), ICICI (6.85%), and Axis (6.9%) offer competitive rates. Post Office RD provides stable 6.9% with government backing.

Banks charge penalty of ₹1-2 per ₹100 per month for delayed RD deposits. For example, ICICI Bank charges ₹12 per ₹1000 for delayed installments, while SBI charges ₹1.50 per ₹100. If you miss 4-6 consecutive deposits, the account may be prematurely closed with penalty charges. Some banks offer flexi RDs without strict penalties for irregular deposits. It's advisable to set up auto-debit to avoid missed payments.

Regular RDs have fixed monthly deposits that cannot be changed once opened. However, some banks offer "Flexible RD" or "Step-Up RD" where you can deposit varying amounts within a predefined range or increase deposits annually. ICICI's iWish, HDFC's Flexi deposits, and Axis Bank's Encash-24 allow variable amounts. Alternatively, you can start a new RD for additional savings or close the existing one and open with a different amount (subject to penalties).

Senior citizens (60+ years) typically get an additional 0.5% interest over regular RD rates across most banks in 2025. Super senior citizens (80+ years) may get 0.75% extra with banks like SBI, HDFC, and ICICI. For example, if the regular rate is 6.5%, senior citizens get 7%, and super senior citizens get 7.25%. This additional interest significantly boosts returns over the investment tenure and makes RDs attractive for retirees.

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. For example, if RD rate is 6.5%, loan rate would be 7.5-8.5%. Post Office RD allows 50% loan after 1 year. SBI offers up to 95% loan, HDFC up to 90%, and ICICI up to 95%. The loan amount increases as your RD balance grows, providing emergency liquidity without breaking the RD.

RD interest is fully taxable as per your income slab under "Income from Other Sources" in 2025. TDS of 10% is deducted if annual interest exceeds ₹40,000 for regular citizens (₹50,000 for senior citizens). Under new tax regime, no deduction available, but under old regime, you can claim under Section 80TTA (₹10,000 for savings interest). You can submit Form 15G/15H to avoid TDS if your total income is below taxable limit. Interest earned must be declared in ITR.

RDs are better for risk-averse investors seeking guaranteed returns (6-8%) with capital protection in 2025. SIPs offer higher potential returns (10-12% historically) but carry market risk and volatility. For conservative investors prioritizing safety over returns, especially for goals within 5 years, RDs provide predictable growth. For long-term wealth creation (10+ years) with risk tolerance, equity SIPs are more suitable. Many investors use a combination - RDs for short-term goals and SIPs for long-term wealth creation.

Post Office RD offers stable 6.9% interest rate with government backing and starts from just ₹100 monthly in 2025. Maximum tenure is 5 years (extendable for another 5 years). Benefits include loan facility (50% after 1 year), advance deposit facility with discount, and no TDS below threshold. Bank RDs offer more flexibility in tenure (6 months-10 years), higher rates with small finance banks (up to 8.5%), online account opening, and additional features like auto-debit bonuses. Post Office RD is ideal for safety-conscious investors seeking government guarantee.

Yes, banks allow premature closure of RD accounts, but typically only after completing 6-12 months with penalty charges. Interest is usually calculated at savings account rate (3-4%) with additional penalty of 0.5-1% for the period invested. Some banks offer better premature closure terms after completing minimum tenure. Post Office RD requires 3 years for penalty-free premature closure. SBI allows closure after 6 months, HDFC after 6 months, and ICICI after 3 months with respective penalty structures. It's advisable to continue till maturity for optimal returns.

Auto-debit facility in RD offers multiple benefits in 2025: (1) Additional 0.05-0.1% interest rate bonus offered by most banks, (2) No missed payment penalties or charges, (3) Disciplined saving without manual intervention, (4) Convenience of automatic monthly transfers, (5) No risk of account closure due to missed deposits. Banks like SBI, HDFC, ICICI, and Axis offer interest rate benefits for auto-debit setup. Ensure sufficient balance in linked account to avoid failed transaction charges (typically ₹25-50 per failed attempt).

Step-up RD allows you to increase your monthly deposit amount annually by a predetermined percentage (typically 5-25%) to beat inflation and grow savings systematically. For example, starting with ₹5,000 monthly with 10% annual increase means ₹5,500 in year 2, ₹6,050 in year 3, and so on. Benefits include: (1) Inflation adjustment of savings, (2) Higher corpus accumulation, (3) Salary increment accommodation, (4) Disciplined wealth building. Our calculator shows step-up RDs can generate 20-30% higher corpus compared to regular RDs over 5-10 year periods.

Key differences between RD and FD in 2025: (1) Investment: RD requires monthly deposits vs FD needs lump sum, (2) Flexibility: RD suits systematic savers vs FD for lump sum investors, (3) Minimum amount: RD starts from ₹100 vs FD from ₹1,000-5,000, (4) Liquidity: RD offers better liquidity through loan facility vs FD penalty for premature withdrawal, (5) Interest rates: FD rates are typically 0.25-0.5% higher than RD rates, (6) Tenure: RD offers 6 months-10 years vs FD 7 days-10 years flexibility. Choose RD for disciplined monthly saving and FD for lump sum investment.

Disclaimer: This RD calculator is for informational purposes only and does not constitute financial advice. Interest rates are subject to change by banks and financial institutions. Actual returns may vary based on specific terms and conditions. Please verify current rates and terms with your bank before making investment decisions. Calculator results are estimates based on provided inputs.