RD calculator
Save a fixed amount every month. See what it becomes at the best rate today, at your own bank or at the Post Office.
Questions people ask
How is RD interest calculated?
Banks and India Post compound RD interest every quarter. Each monthly instalment earns interest from the month it is paid until maturity. This calculator uses the same method.
Is RD interest taxable?
Yes. RD interest is added to your income and taxed at your slab. Banks also deduct TDS when your interest at one bank crosses the yearly limit; if you owe no tax, Form 15G or 15H stops it.
What if I miss an instalment?
Most banks charge a small penalty on a late instalment, and some close the RD after several missed months. Check your bank's RD rules before you open one.
Should I choose an RD or an FD?
An FD earns interest on the whole amount from day one, so the same money earns more in an FD. An RD suits you when you are saving from your monthly income.
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