RD Calculator

An RD (Recurring Deposit) calculator is an online financial tool that estimates the maturity amount of a recurring deposit — where the investor makes fixed monthly contributions for a specified tenure and earns compound interest on the accumulated balance. Unlike FDs where a lump sum is invested upfront, RDs involve regular monthly deposits — making them suitable for salaried individuals who prefer to save a fixed amount each month. The maturity value is calculated using the formula: M = R × [(1+i)^n – 1] ÷ (1 – (1+i)^(-1/3)), where R is the monthly deposit, i is the quarterly interest rate, and n is the total number of quarters. In India, bank RD interest rates typically range from 5.5% to 7.5% for general investors and slightly higher for senior citizens. The RD calculator helps investors compare the maturity amount across different tenures, interest rates, and monthly contribution amounts — enabling them to select the RD structure that best meets their savings goal. RD interest is fully taxable at the applicable slab rate, and TDS is applicable if total interest across all RDs with the same bank exceeds ₹40,000 per year. Ventura's RD calculator enables investors to plan their fixed-income savings systematically and evaluate whether an RD or a debt mutual fund SIP provides better post-tax returns for their specific tax bracket and risk appetite.