RD Calculator
Calculate your Recurring Deposit maturity amount. Enter monthly deposit, interest rate, and tenure to see your total returns.
RD Details
₹5,000
6.5%
24 Months
Total Deposited
₹1.20 L
Interest Earned
₹3.21 L
Maturity Amount
₹4.41 L
Amount Breakdown
Deposited (27.2%)
Interest (72.8%)
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Frequently Asked Questions
What is the current RD interest rate?
RD interest rates in India typically range from 5.5% to 7.5% per annum, depending on the bank and tenure. Senior citizens usually get an additional 0.25-0.50% interest.
Is RD interest taxable?
Yes, interest earned on RD is taxable as per your income tax slab. TDS is deducted if the total interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
Can I withdraw RD before maturity?
Yes, premature withdrawal is allowed but you may get a lower interest rate and may have to pay a penalty. The exact terms vary by bank.