₹20,000/month RD for 3 years

Saving ₹20,000 every month in a recurring deposit at 7% for 3 years matures to about ₹8,02,746. You deposit ₹7,20,000 in total; the remaining ₹82,746 is interest.

How much will you deposit each month?

₹

At what interest rate?

Bank RDs ~6.5–7.5%

For how many years?

Maturity value after 3 years

₹8,02,746

Total deposited

₹7,20,000

Interest earned

₹82,746

Compounded quarterly, as Indian banks do.

Growth over time

Value

7% is indicative — bank RD rates vary, and senior citizens usually get a little more. RD interest is taxable at your slab. Adjust the sliders to match your bank's exact rate and tenure.

₹20,000/month RD — common questions

How much will ₹20,000 per month give after 3 years in an RD?

About ₹8,02,746 at 7% — you put in ₹7,20,000 across 36 monthly deposits and the rest is interest. Change the rate or tenure above to match your bank exactly.

How much interest do you earn on ₹20,000/month for 3 years?

Roughly ₹82,746 in interest on top of your ₹7,20,000 of deposits, at 7% compounded quarterly. Interest is taxed at your income-tax slab.

Is the RD maturity amount taxable?

Your deposits aren't taxed, but the interest is — added to your income and taxed at your slab, with TDS if RD interest crosses the bank's annual threshold. The maturity shown here is before tax.

RD or FD — which grows more?

A lump-sum FD usually earns more than an RD of the same total, because the full amount compounds from day one instead of building up monthly. An RD wins when you don't have the lump sum yet and want to save steadily.

Other RD amounts

Open the full RD calculator RD vs FD — which to pick?

Illustrative estimate, not a bank quote. Actual maturity depends on the bank's rate and compounding; interest is taxable.

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