Loading page
About this tool
Bank RD maturity value with quarterly compounding, year-wise interest accrual, section 194A TDS and a post-tax view.
This calculator gives the maturity value of a bank recurring deposit by valuing each monthly instalment separately: an instalment paid in month m of an n-month RD stays invested for (n − m + 1) months and grows at the quarterly compounded rate, so the maturity value is the sum of those n amounts. It also splits the interest by year, applies section 194A TDS and shows the post-tax figure. Savers use it because an RD's headline rate overstates the return — only the first instalment earns interest for the full term.
Open Recurring Deposit Maturity Calculator on AltFTool — it loads instantly in your browser.
Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
Values every deposit for its own holding period instead of applying the rate to the full amount.
Turns a target maturity amount into the monthly instalment needed at your rate and tenure.
Splits interest by year for the TDS test and then applies your slab rate to the whole amount.
Each instalment is compounded quarterly for the months it remains invested, and the maturity value is the sum. In formula terms, maturity = R x f x (f^n − 1) / (f − 1), where f = (1 + annual rate / 4)^(1/3) is the monthly growth factor and n the number of instalments.
Because the average rupee is invested for only about half the term. In a 12-month RD the first instalment earns 12 months of interest and the last earns one, so the interest works out to roughly half of what the same total in a lump-sum FD would earn.
Yes. The Finance Act 2015 brought recurring deposits within section 194A, and from 1 April 2025 banks deduct 10% once the interest credited in a financial year exceeds ₹50,000, or ₹1,00,000 for a resident senior citizen. Without PAN the rate is 20% under section 206AA.
Banks charge a penalty on the delayed instalment — commonly ₹1 to ₹2 per ₹100 per month, varying by bank — and repeated defaults can lead the bank to close the account and pay interest at the applicable lower rate. Check your bank's schedule of charges, as it is contractual rather than statutory.
Add the Recurring Deposit Maturity Calculatorwidget to your blog or website — free, responsive, no signup. Just keep the “Widget by AltFTool” credit link visible.
<iframe src="https://www.altftool.com/embed/widget/recurring-deposit-maturity-calculator"
title="Recurring Deposit Maturity Calculator — free AltFTool widget"
width="100%" height="640" style="border:0;border-radius:12px;overflow:hidden"
loading="lazy" referrerpolicy="no-referrer-when-downgrade"></iframe>
<p style="font-size:12px;margin:4px 0 0">Widget by <a href="https://www.altftool.com/tools/all/recurring-deposit-maturity-calculator?utm_source=embed&utm_medium=widget">AltFTool — free online tools</a></p>