The RD Calculator (Recurring Deposit) is a powerful savings tool for individuals who want to build a corpus through disciplined monthly contributions without the risk of market volatility. Unlike a Fixed Deposit (FD) which requires a large lumpsum, an RD allows you to start with as little as ₹100 or ₹500 per month. This makes it ideal for short-term goals like a domestic vacation, buying a gadget, or creating an emergency fund. Our tool handles complex quarterly compounding math to show exactly how much interest your monthly plan will earn.
What is a Recurring Deposit (RD)?
A Recurring Deposit is a term deposit offered by Indian banks and the Post Office where a fixed amount is deposited every month for a pre-defined tenure (6 months to 10 years). The interest rate is fixed at the start and remains unchanged, offering guaranteed returns. It is often described as the 'risk-free sister' of a Systematic Investment Plan (SIP).
RD vs SIP — Which is Better For You?
While both involve monthly contributions, they serve very different purposes in your portfolio:
RD Interest Rates India 2026 (Major Banks)
RD rates stay closely aligned with FD rates. Here are the current estimated annual rates for a 12-month tenure:
- State Bank of India (SBI): 6.80% – 7.10% per annum
- Post Office RD: 6.70% (Fixed 5-year tenure)
- HDFC/ICICI Bank: 7.00% – 7.25% per annum
- Small Finance Banks: Up to 8.50% per annum
Frequently Asked Questions
⚠️ Disclaimer
The figures provided by this calculator are estimates based on the inputs you provide and standard financial formulas. STOCKCALC.IN does not offer investment advice. Please consult a qualified financial advisor before making any investment decisions.