Calculate recurring deposit maturity and interest with latest bank rates. Monthly installment + quarterly compounding.
| Bank | 1 Year | 2 Years | 3 Years | 5 Years |
|---|---|---|---|---|
| SBI (Regular) | 6.8% | 7.0% | 6.75% | 6.5% |
| Post Office RD | 6.7% | 6.7% | 6.7% | 6.7% |
| HDFC Bank | 6.6% | 7.0% | 7.0% | 7.0% |
| ICICI Bank | 6.7% | 7.0% | 7.1% | 7.1% |
| Axis Bank | 7.0% | 7.1% | 7.1% | 7.25% |
| Kotak Bank | 7.1% | 7.1% | 7.0% | 6.2% |
| Small Finance Banks | 7.5% | 8.0% | 8.5% | 8.0% |
| Feature | RD | FD | SIP (Mutual Fund) |
|---|---|---|---|
| Investment | Monthly | One-time lump sum | Monthly |
| Returns | 6.7–7.5% guaranteed | 7.1–7.4% guaranteed | 10–15% (not guaranteed) |
| Risk | Zero risk | Zero risk | Market risk |
| Tax on returns | Taxable as income | Taxable as income | LTCG 12.5% after ₹1.25L |
| Best for | Safe monthly savings goal | Lump sum parking | Long-term wealth creation |
A = P × (1 + r/n)^nt, summed for each monthly installment. Where r = annual rate, n = compounding frequency (4 for quarterly), t = remaining time in years for each installment.