Finance Formula • Published on July 30, 2026 • Last updated July 30, 2026
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Final maturity value of the Recurring Deposit
Monthly installment amount deposited
Annual interest rate (as a decimal)
Total number of months (deposit tenure)
A Recurring Deposit (RD) is a savings tool that allows individuals to deposit a fixed sum monthly for a predefined period. Similar to a Fixed Deposit, it offers a guaranteed rate of interest, usually compounded quarterly, but without requiring a large initial lump sum.
Banks may charge a nominal penalty for delayed payments. If multiple consecutive installments are missed, the bank might close the RD account and return the principal with reduced interest.
Yes, TDS rules for RDs are identical to those of FDs. If interest income across all term deposits in a bank exceeds the tax threshold (e.g. ₹40,000 for individuals), TDS is deducted at 10%.
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