HDFC RD Calculator

Build savings month by month with real-time quarterly compounding growth

Monthly Installment ₹ 10,000

₹500 ₹1 Lakh

Interest Rate (p.a) 6.7%

3% 12%

Tenure (Quarterly Compounded) 5 Years

6 Months 10 Years

Maturity Amount

₹0

Total Deposited ₹0

Interest Earned ₹0

Total at Maturity ₹0

Deposited: 70% Interest: 30%

Standard Indian Banks’ Association (IBA) method with quarterly compounding. Senior citizens usually receive an additional 0.50% interest benefit.

About the HDFC RD Calculator

HDFC Bank recurring deposits are a disciplined way to save a fixed sum every month with quarterly compounding of interest. Tenures generally range from 6 months to 10 years, and senior citizens usually get the usual extra margin. This HDFC RD calculator estimates your maturity amount based on your monthly installment and expected rate.

What is an RD Calculator?

A recurring deposit calculator estimates the maturity value of fixed monthly deposits held for a chosen tenure. Since each monthly installment earns interest for a different duration, the calculation involves a series of compounding terms rather than a single formula step, which is exactly what the calculator handles for you.

How Does the HDFC RD Calculator Work?

Banks compound recurring deposit interest quarterly, and the standard maturity formula is:

M = R x [(1 + i)^n – 1] / (1 – (1 + i)^(-1/3))

M is the maturity value.
R is the monthly installment.
i is the quarterly interest rate, taken as the annual rate divided by 4.
n is the total number of quarters in the tenure.

Example

Saving Rs. 10,000 every month for 5 years at an assumed 6.7% per year compounded quarterly gives a maturity value of about Rs. 7,13,658, against total deposits of Rs. 6,00,000. The difference is your interest income.

Projected growth at Rs. 10,000 per month and 6.7% expected rate

Total Deposited
1 year	Rs. 1,20,000	Rs. 1,24,420
2 years	Rs. 2,40,000	Rs. 2,57,389
3 years	Rs. 3,60,000	Rs. 3,99,492
5 years	Rs. 6,00,000	Rs. 7,13,658

How to Use the HDFC RD Calculator

Enter your monthly installment amount.
Enter the annual RD rate for your selected tenure.
Set the tenure in years, usually 6 months to 10 years.
Read the estimated maturity amount immediately.

Benefits of Using the HDFC RD Calculator

Turns a fixed monthly saving habit into a measurable goal.
Shows exact maturity values without manual quarterly math.
Makes it easy to compare RD tenures and rates.
Free and instant, with no sign up needed.

Frequently Asked Questions

What is the minimum installment for an HDFC RD?

HDFC Bank recurring deposits can usually be started with as little as Rs. 1,000 per month, which makes them easy to fit into any budget.

What return rate should I enter in the HDFC RD Calculator?

Enter the RD rate the bank quotes for your tenure, which you can check on the official website. In this illustration 6.7% per year is assumed, and senior citizens usually get about 0.5% more.

Is RD interest taxable?

Yes. RD interest is taxed at your income slab rate, and TDS applies once annual interest crosses the prevailing threshold. Unlike a 5 year tax saver FD, RDs do not qualify for Section 80C.

Should I choose an RD or an SIP instead?

An RD gives fixed, predictable returns at deposit rates, while a market linked SIP can deliver higher long term growth with volatility. Conservative savers prefer RDs, and long term investors often hold both.

Disclaimer: The HDFC RD Calculator provides estimates for educational purposes only and is not investment advice. Actual returns, rates, and charges depend on the product provider and market conditions. Verify details on the official website and consult a financial advisor before investing.

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