RD Calculator
Recurring deposit maturity — quarterly compounding, TDS included
Bank announces; check current RD rates
Depositor Type
Income Tax Slab
RD Growth — 24 Months at 7%
TDS & Tax Breakdown
Total deposited
₹2.40 L
Maturity value (pre-tax)
₹2.60 L
Interest earned
₹19,692
TDS deducted (10%)
TDS threshold: ₹40,000/yr
Nil (below threshold)
Tax at 30% slab (total)
₹5,908
Post-tax maturity value
₹2.54 L
Effective post-tax yield (p.a.)
2.87%
RD Rules & Tips
→ RD uses quarterly compounding. Interest is compounded every 3 months, not monthly — slightly lower than EMI calculation.
→ TDS @ 10% deducted if total bank interest > ₹40,000/yr (₹50,000 for seniors). Submit Form 15G/15H if income below taxable limit.
→ Missing an instalment attracts penalty (0.5–1.5% of missed amount per month). Some banks allow grace period.
→ Premature closure: 1–2% penalty on applicable rate. Avoid premature closure — use overdraft against RD instead.
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FAQ
RD Calculator — FAQ
Common questions about this calculator
RD uses quarterly compounding. Each monthly instalment earns interest from its deposit date to maturity, compounded quarterly.
Calculations are approximate and for educational purposes only. Excludes surcharge for income above ₹50L. Consult a Chartered Accountant for personalised tax advice.