RD Calculator — Recurring Deposit Maturity 2026
Save a fixed amount every month and earn quarterly-compounded interest. Post Office RD pays 6.7% (Q2 FY27); bank RDs run about 6.5–7.0% as of July 2026.
How RD maturity is calculated
RD interest compounds quarterly. Each monthly installment earns for the quarters remaining in the tenure — the first deposit compounds the longest, the last one the least.
q = totalQuarters − floor((m − 1) ÷ 3) for deposit in month m totalQuarters = ceil(n ÷ 3)
₹5,000 monthly RD for 5 years — rate comparison
| Rate | Total deposited | Maturity value | Interest earned |
|---|---|---|---|
| 6.50% (typical bank RD) | ₹3,00,000 | ₹3,56,863 | ₹56,863 |
| 6.70% (Post Office RD, Q2 FY27) | ₹3,00,000 | ₹3,58,807 | ₹58,807 |
| 7.00% (best bank RD) | ₹3,00,000 | ₹3,61,746 | ₹61,746 |
₹5,000 monthly at 6.7% — growth by tenure
| Tenure | Total deposited | Maturity value |
|---|---|---|
| 1 year | ₹60,000 | ₹62,555 |
| 2 years | ₹1,20,000 | ₹1,29,408 |
| 3 years | ₹1,80,000 | ₹2,00,853 |
| 5 years | ₹3,00,000 | ₹3,58,807 |
Frequently asked questions
How is RD maturity calculated?
RD interest compounds quarterly. Each monthly deposit earns for the quarters remaining in the tenure: maturity is the sum of D × (1 + R ÷ 400)^q over all deposits, where q is the number of quarters that deposit stays invested. ₹5,000 a month at 6.7% for 5 years matures to about ₹3,58,807.
What are RD interest rates in India in July 2026?
The Post Office 5-year RD pays 6.7% (Q2 FY27 rate), while bank RDs typically pay about 6.5–7.0% depending on tenure, with senior citizens usually earning a small premium.
How much do I get if I deposit 5,000 monthly in RD for 5 years?
You deposit ₹3,00,000 in total. At 6.5% the maturity is about ₹3,56,863, at 6.7% about ₹3,58,807 and at 7.0% about ₹3,61,746 — interest of roughly ₹57,000–₹62,000 over 5 years.
RD or SIP — which should I choose?
An RD gives a guaranteed, fixed return (about 6.5–7% currently) and suits short-term goals where safety matters. A SIP in equity funds targets higher long-term returns but can fall in value. Many savers use RDs for near-term goals and SIPs for goals 5+ years away.
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