Maturity amount and total interest for a bank or post-office RD.
Interest rate: 7.00%
Tenure: 60 months (5.0 years)
Maturity amount
₹3,59,664
Total deposited
₹3,00,000
Total interest
₹59,664
| Year | Estimated balance |
|---|---|
| 1 | ₹61,951 |
| 2 | ₹1,28,354 |
| 3 | ₹1,99,529 |
| 4 | ₹2,75,819 |
| 5 | ₹3,57,590 |
The RD Calculator works out the maturity amount of a recurring deposit using quarterly compounding — the standard convention used by Indian banks and the post office.
Interest from bank RDs is fully taxable as ordinary income. TDS is deducted by banks when annual interest exceeds the threshold (₹40,000 for non-seniors, ₹50,000 for seniors).