Advertisement — 728x90 Leaderboard
HomeFinanceRD Calculator

RD Calculator

Recurring Deposit · Monthly Savings · SBI · Post Office · Senior Citizen Rates

6 mo24 months (2 yrs)10 yrs
Senior Citizen (+0.5% extra)
Age 60+ gets higher rate at all banks
Advertisement

Free RD Calculator India 2026 — SBI, Post Office, HDFC Recurring Deposit

SuccessMate's RD Calculator computes your Recurring Deposit maturity amount instantly — updated for June 2026 bank rates. Unlike FD where you invest a lump sum once, RD lets you invest a fixed amount every month — ideal for salaried employees, students, and homemakers saving systematically from monthly income.

Bank RD Rates June 2026 & Senior Citizen Rates

SBI offers 6.5% for standard RDs; Post Office RD offers 6.7% for 5-year tenure — backed by the Government of India and the safest option available. HDFC Bank offers up to 7.0% and Bandhan Bank up to 7.5%. Senior citizens (age 60+) receive an additional 0.5% at all major banks. Our calculator includes a one-click Senior Citizen toggle to instantly see the higher maturity amount. All RD deposits are insured up to ₹5 lakh per depositor per bank under DICGC.

RD vs FD — Real Comparison Built In

Our unique RD vs FD comparison box shows side-by-side results: the same total amount invested as a lump sum FD vs monthly RD installments. FD gives higher returns because the full principal earns interest from day one, while RD installments each earn for a shorter duration. Choose RD if you don't have a lump sum — great for NRIs in USA, UK, UAE, and Australia opening NRO RD accounts to save regularly in India.

❓ Frequently Asked Questions

What is the Post Office RD interest rate 2026?
Post Office RD rate is 6.7% p.a. for the 5-year scheme, compounded quarterly. It is one of the safest investments backed by the Government of India. Senior citizens do not get extra rate on Post Office RD.
How is RD maturity calculated?
M = P×n + P×n×(n+1)/(2×12)×(r/100), where P = monthly installment, n = total months, r = annual rate. Most banks use quarterly compounding. The formula accounts for each installment earning interest for its remaining tenure.
Is RD interest taxable in India?
Yes. RD interest is fully taxable as per your income slab. TDS at 10% is deducted if annual interest exceeds ₹40,000 (₹50,000 for seniors). Submit Form 15G/15H if your income is below taxable limit to avoid TDS.
Can I withdraw RD before maturity?
Yes, premature withdrawal is allowed after 3 months at most banks with a 1-2% penalty on interest rate. Post Office RD can be closed after 3 years with a reduced rate. Regular banks have varying premature closure penalties.
Advertisement
Advertisement 300x250
Advertisement 300x600