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Recurring Deposit (RD) Calculator · Official Calculation Report
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आवर्ती ठेव (RD) कॅल्क्युलेटर
Calculate maturity value, total interest accrued, and effective annual yield (APY) for Bank & Post Office Recurring Deposits with RBI quarterly compounding.
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🛡️ RBI Quarterly Compounding
Recurring Deposit Parameters
Commercial banks offer flexible 6m to 10y tenures; Post Office RD has a 5-year sovereign lock-in.
₹
% p.a.
12 Months (1.0 Year)
Months
Maturity Amount & Yield Breakdown
Total Maturity Value
₹62,311
Sixty-Two Thousand Three Hundred Eleven Rupees
✓ Tenure: 12 Months (1.0 Year)
Deposited Capital
₹60,000
Interest Earned
₹2,311
Effective Yield (APY)
7.19%
TDS Status (Sec 194A)
Zero TDS
Principal Deposited: 96.3%
Interest Accrued: 3.7%
Zero TDS Threshold Status: Your annualized RD interest is ₹2,311, well below the statutory Section 194A limit of ₹40,000 (₹50,000 for Senior Citizens). No bank TDS will be deducted at source.
Recurring Deposit Accumulation Schedule
Detailed progression of monthly instalments, cumulative deposits, and quarterly compounding interest credits.
| Year | Opening Balance (₹) | Deposits Paid (₹) | Interest Credited (₹) | Closing Balance (₹) |
|---|
Key RD Insights
- Disciplined Savings Fixed Monthly Debit
- Compounding Basis RBI Quarterly Cadence
- Senior Citizen Boost +0.50% Extra Rate
- Loan Facility Up to 90% of RD Value
TDS & Taxation (Sec 194A)
- General TDS Threshold ₹40,000 / Year
- Senior Citizen Threshold ₹50,000 / Year (80TTB)
- TDS Rate with PAN 10% Flat Deduction
- Zero TDS Exemption Submit Form 15G / 15H
Frequently Asked Questions
How is interest calculated on a Recurring Deposit?
As per Reserve Bank of India (RBI) directives, interest on Commercial Bank and Post Office RDs is compounded quarterly. The first instalment earns interest for the full tenure, the second for one month less, and so forth, compounding every three months.
Is bank TDS deducted on RD interest?
Yes, under Section 194A of the Income Tax Act, banks deduct 10% TDS if your aggregate interest across all FD and RD accounts in the bank exceeds ₹40,000 (₹50,000 for Senior Citizens) in a financial year. You can submit Form 15G or 15H to prevent TDS if your total income is below taxable limits.
What happens if I miss an RD instalment?
Banks typically levy a nominal penalty (e.g. ₹1.50 per ₹100 of instalment) for delayed payments. If multiple consecutive instalments are missed (usually 4 to 6 months), the bank may close the RD account prematurely.