RD Calculator

HDFC Bank offers you a host of tenure options if you wish to invest in a Recurring Deposit account with us. The flexible tenure helps you invest at your own pace and convenience. You can choose from a range of tenures, with the minimum being six months (in multiples of the months after that) and a maximum of 10 years. If you are a Non-Resident Indian, your minimum tenure is 12 months.

The HDFC Bank Recurring Deposit Calculator is an online tool to calculate the interest earned on savings in an RD account. To use this online RD calculator:

Log on to our official website.

Key in the amount you wish to save every month in your RD account, choose the tenure of your savings, and the period for which you want to invest. Since senior citizens get a slightly higher return, our Recurring Deposit calculator asks you to identify if you are one.

Once you’ve entered the information, click the ‘Calculate’ button. You will be able to see the interest you will earn upon maturity.

Recurring Deposit is calculated using the compound interest formula. The savings must be deposited into the account monthly. The interest on your savings is compounded quarterly.

At HDFC Bank, we are sensitive to your needs. Irrespective of your income, we let you choose the principal for your Recurring Deposit account. You can start with an investment of ₹1,000 and multiples of ₹100 after that. The maximum amount you can invest in a Recurring Deposit account is ₹1,99,99,900 monthly.

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For Recurring Deposits, the maturity amount is the sum of the principal amount, and the interest earned over the investment period. The interest is compounded quarterly. However, you needn’t bother yourself with the complex calculations. To calculate your Recurring Deposit maturity amount, use our custom-made RD maturity calculator. It is a simple form where you can enter your details and auto-generate your maturity amount.

Yes, TDS is applicable on Recurring Deposits (RDs). Banks will deduct 10% TDS on the interest earned if it exceeds ₹40,000 for regular individuals and ₹50,000 for senior citizens. However, if you are eligible for tax exemption on your RD income, you must submit your duly filled 15G/ 15H (for senior citizens) form and hand it over to the bank. 

Investing ₹5,000 per month in an RD for 5 years at an interest rate of 7.0% p.a. will yield approximately ₹3,59,696 at maturity.

*The amount mentioned in the calculator is an indicative figure. Please refer to the FD/RD advice to get the exact maturity amount

Are you looking for an investment opportunity where you can make regular savings and earn interest? A Recurring Deposit (RD) may be the answer for you. You can make small contributions at regular intervals and get rewarded with interest on your savings.

We at HDFC Bank strive to provide you with the best facilities for all your financial needs at your convenience. We are pleased to introduce our RD Calculator—a tool for all your answers about an RD.

Use our custom-made Recurring Deposit calculator to plan your investment better. With our online RD calculator, you can learn all about interest rates and the sum you stand to gain for your savings. To get started, choose the tenure of your savings and enter the principal amount you intend to deposit every month in that period. No need to calculate your maturity sum; our RD interest rates calculator will do it for you.

New to saving and want to start small? You can set aside a small part of your income as savings and earn attractive interest on it every month. Lock in interest rates for the entire tenure and get safe and guaranteed returns without fearing market fluctuations. Opt for an RD account. You can start with an amount as low as ₹500. With our online RD calculator, get your interest rate and maturity sum in an instant.

You can tweak your tenure between six months and ten years to see which plan works the best for you.

With HDFC Bank RD accounts, you can enjoy interest rates like fixed deposits, even with smaller investments. The interest you earn will be paid on maturity. Use our RD maturity calculator to determine what you can gain by investing in a Recurring Deposit.

To calculate the maturity amount of a Recurring Deposit (RD), use the formula:

A=P×(1−(1+r/n)−1/n(1+r/n)nt−1 )

where:

• A is the amount at maturity,

• P is the monthly deposit amount,

• r is the annual interest rate,

• n is the number of compounding periods per year,

• t is the tenure in years.