Recurring deposit calculator.
A fixed amount into the bank every month for a set number of years. Shows what it matures to, and what is left of the interest once tax takes its share.
₹
yrs
%
%
It matures to
₹3.6 L
After 30% tax you keep ₹41,765 of the ₹59,664 interest.
You depositedInterest
- You deposited
- ₹3,00,000
- Interest earned
- ₹59,664
- Tax on it
- − ₹17,899
- After tax
- ₹3,41,765
How it adds up
- Every month₹5,000
- times60 months, you put in₹3,00,000
- plusInterest at 7%₹59,664
- minusTax at your 30% slab₹17,899
- equalsYou keep₹3,41,765
What this assumes
Quarterly compounding, as most banks and the post office do, with every instalment paid on time. Interest is taxed at your slab every year.
Rules and rates from
- India Post (opens in a new tab)
- Standard compound-growth maths; no official rate involved
Education only, not investment, tax or legal advice. I am not a SEBI-registered investment adviser.
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