Recurring Deposit Calculator

Calculate the maturity amount and interest on your Recurring Deposit.

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RD Calculator

Don’t want to invest in lumpsum? Well, you can opt for investing a portion of your earnings each month while also earning fixed and secured returns with Recurring Deposits (RD). RDs are popular investment avenues provided by banks and financial institutions that act as an alternative to Fixed Deposit investments. Here, you can invest a certain amount each month against fixed interest earnings. To know the potential of returns on RD, you can use the Recurring Deposit Calculator online.

Type of Customer

Senior Citizen
500 10 Lakh



Rate of Interest*

Maturity Date

RD Maturity Details

Maturity Value
Aggregate Interest Amount
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  • Axis Bank’s Recurring Deposit interest rate (compounded quarterly) gives you the advantage of earning a higher rate of return on your systematic monthly deposits and gain with the benefit of compounding. Open an RD account today! Once you open a bank RD the interest will remain the same for the tenure you have opted for.
  • Remember a bank RD/FD can securely generate wealth and add to your financial security and well-being.

Amount and Interest


Axis Bank does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User's own risk. User should exercise due care and caution (including if necessary, obtaining of advise of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. Axis Bank does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against Axis Bank. Neither Axis Bank nor any of its agents or licensors or group companies shall be liable to user/ any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein.

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What is a Recurring Deposit Calculator?

Recurring Deposit Calculator is a financial tool that allows you to calculate your investment returns on RD as well as the total corpus at the time of maturity. It is similar to the SIP calculator except that the rate of return is replaced by the rate of interest.

How to use the RD Calculator?

Using an RD Calculator is really simple. You just need to enter the amount you are willing to invest monthly, the tenure of investment and the rate of interest offered to you. The RD interest calculator will calculate the aggregate interest you will earn over the investment tenure as well as the maturity amount you will receive. Axis Bank Recurring Deposit Calculator also shows you the maturity date at which you will receive your funds back based on the tenure of investment.

Advantages of the RD Deposit Calculator

  • Easy to use: Using the RD Calculator online is really simple and easy. You just need to enter the monthly investment amount, tenure and interest rate to know your total interest earnings.
  • Time saving: The Recurring Deposit Calculator can calculate your earnings and maturity value in just a click. It saves a lot of time that otherwise would be wasted in doing manual calculations.  
  • Future planning: RD Deposit Calculator allows you to plan your future expenses as it shows the total maturity value and when you can expect the same. This helps you determine the amount you need to invest to get the maturity value you desire.
  • Accuracy: Accuracy is important in money-related matters and the RD Calculator is error-proof and therefore, gives you accurate results.
  • Comparison: As RD interest Calculator gives you results instantly, you can compare different banks and schemes to select the one with the highest return and security.
  • Free to use: There is no charge for using the RD Deposit Calculator. You can simply visit the Axis Bank’s website and use the RD Calculator online infinite times.

Frequently Asked Questions

  • What is the minimum and maximum tenure to open a bank RD?

    To open a bank RD with Axis Bank, the minimum tenure is 6 months while the maximum tenure is 10 years.

  • What is the minimum monthly instalment needed to invest in bank RD?

    The minimum monthly instalment needed to invest in bank RD with Axis Bank is ₹500. You can invest any amount above ₹500 in multiples thereof. There is no maximum limit.

  • What if I delay paying my monthly instalment of the bank RD?

    You should avoid delaying payment of your monthly RD instalment. In case you make a delay in payment of your RD monthly instalment beyond the calendar month, you can be liable to a penalty of ₹10 per ₹1000 per month for the period of delay.

  • Is the interest earned on bank RD taxed and how?

    Yes. The interest earned on a bank Recurring Deposit is taxable as income under the Income Tax Act, 1961. The interest is subject to Tax Deduction at Source (TDS) @10% if PAN is furnished and 20% if PAN is not furnished. The TDS is applicable if interest earned exceeds ₹40,000 (₹50,000 for senior citizens). Further, the interest income shall be classified as ‘Income From Other Sources’ and be taxable at the tax rate applicable to you.

  • Is Tax Deduction at Source (TDS) applicable to Recurring Deposit Interest?

    Yes. The interest on RD is subject to TDS @10% if you furnish your PAN. If PAN is not furnished, then TDS @20% shall be deducted. You can furnish Form 15G (in case of non-senior citizens) and 15-H (in case of senior citizens) if you have no income apart from the interest income to avoid TDS.

  • Is it possible to save tax on Recurring Deposits?

    Investing in a Recurring Deposit is not eligible for deduction under Section 80C. However, the interest earned is not taxable unless your total income exceeds the basic exemption limit and rebate limit under income tax.

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