RD Calculator
₹500/month RD for 3 years
Saving ₹500 every month in a recurring deposit at 7% for 3 years matures to about ₹20,069. You deposit ₹18,000 in total; the remaining ₹2,069 is interest.
₹
%
Bank RDs ~6.5–7.5%
yr
Maturity value after 3 years
₹20,069
Total deposited
₹18,000
Interest earned
₹2,069
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.
What this RD is really worth
- In today's money: if prices rise 6% a year, ₹20,069 in 3 years buys what about ₹16,850 buys now. That is less than you deposit, so at this rate the RD protects the money rather than growing it.
- After tax: the ₹2,069 of interest is taxed at your slab. At the 20% slab (plus 4% cess) you keep about ₹1,638; at 30% about ₹1,423.
- If you had the money upfront: ₹18,000 placed in an FD on day one at the same 7%, compounded quarterly, would grow to about ₹22,166, because the whole amount earns interest from the start. The RD's advantage is that you never need that lump sum.
₹500/month RD — common questions
How much will ₹500 per month give after 3 years in an RD?
About ₹20,069 at 7% — you put in ₹18,000 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 ₹500/month for 3 years?
Roughly ₹2,069 in interest on top of your ₹18,000 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
Illustrative estimate, not a bank quote. Actual maturity depends on the bank's rate and compounding; interest is taxable.