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Calculate maturity amount on Recurring Deposits.
We'll instantly compare both tax regimes and show which saves you more.
Indicative result — final figures may differ based on specific facts.
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Indicative results — final figures may differ based on specific facts and recent amendments. Contact us for a tailored review.
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Step by step
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Detailed methodology
The exact formula, statutory references and edge-cases used to compute your result. Click any card to see the relevant sub-section of the Income Tax Act, 1961.
M = R × ((1+r)^n − 1) / (1 − (1+r)^(−1)), where R = monthly deposit, r = monthly rate, n = total months. This is the standard 'future value of annuity due' formula, slightly different from the SIP formula because RD assumes deposits at the start of each month.
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Want the math? See Detailed methodology further down this page.
What we assume
Standard RD formula with quarterly compounding.
Premature withdrawal penalty and TDS on interest.
Heads up. For situations involving international income, business income, or capital gains, always cross-check with a qualified Chartered Accountant before acting on these numbers.
Even though the headline rate is annualised, RDs compound quarterly at most Indian banks. The effective annual yield is marginally higher than the stated rate.
TDS is deducted at 10% on bank RD interest exceeding ₹50,000 (₹1,00,000 senior) in a financial year from 1-Apr-2025; post office RD threshold remains ₹40,000 / ₹50,000 — typically deducted at the end of each quarter. Submit Form 15G / 15H at account opening to avoid TDS if eligible.
Banks allow premature RD closure with a penalty of 0.5–1% on the headline rate. Loan against RD is available up to 80–90% of the outstanding balance from the same bank.
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