₹5,000 Monthly RD for 5 Years at 7%
A ₹5,000 recurring deposit for 5 years at 7% matures at about ₹3,59,664. You deposit ₹3 lakh over 60 months and earn ₹59,664 in interest.
Most banks compound RD interest quarterly, which is what this uses. Your bank's own maturity figure can differ by a small amount depending on how it counts the months.
Updated October 2026
- Maturity amount ₹3,59,664
- Total deposited ₹3 lakh
- Interest earned ₹59,664
- Rate assumed 7% quarterly compounding
Change the numbers
The calculator below opens with this example filled in. Edit any value to see your own figures, or open the full RD Calculator.
RD Details
Total deposits over 5 yr: ₹3 Lakh
5 yr
Maturity Amount
₹3.6 Lakh
5 yr · 7% p.a. · Quarterly
Total Deposited
₹3,00,000
Interest Earned
₹59,664
Maturity Amount
₹3,59,664
Balance Growth
Month-by-Month Schedule
| Month | Deposit | Interest Earned | Balance |
|---|---|---|---|
| Month 1 | ₹5,000 | ₹29 | ₹5,029 |
| Month 2 | ₹5,000 | ₹87 | ₹10,087 |
| Month 3 | ₹5,000 | ₹175 | ₹15,175 |
| Month 4 | ₹5,000 | ₹292 | ₹20,292 |
| Month 5 | ₹5,000 | ₹438 | ₹25,438 |
| Month 6 | ₹5,000 | ₹615 | ₹30,615 |
| Month 7 | ₹5,000 | ₹821 | ₹35,821 |
| Month 8 | ₹5,000 | ₹1,058 | ₹41,058 |
| Month 9 | ₹5,000 | ₹1,325 | ₹46,325 |
| Month 10 | ₹5,000 | ₹1,623 | ₹51,623 |
| Month 11 | ₹5,000 | ₹1,951 | ₹56,951 |
| Month 12 | ₹5,000 | ₹2,311 | ₹62,311 |
| Month 13 | ₹5,000 | ₹2,701 | ₹67,701 |
| Month 14 | ₹5,000 | ₹3,123 | ₹73,123 |
| Month 15 | ₹5,000 | ₹3,576 | ₹78,576 |
| Month 16 | ₹5,000 | ₹4,060 | ₹84,060 |
| Month 17 | ₹5,000 | ₹4,577 | ₹89,577 |
| Month 18 | ₹5,000 | ₹5,125 | ₹95,125 |
| Month 19 | ₹5,000 | ₹5,706 | ₹1,00,706 |
| Month 20 | ₹5,000 | ₹6,319 | ₹1,06,319 |
| Month 21 | ₹5,000 | ₹6,965 | ₹1,11,965 |
| Month 22 | ₹5,000 | ₹7,643 | ₹1,17,643 |
| Month 23 | ₹5,000 | ₹8,354 | ₹1,23,354 |
| Month 24 | ₹5,000 | ₹9,099 | ₹1,29,099 |
| Month 25 | ₹5,000 | ₹9,877 | ₹1,34,877 |
| Month 26 | ₹5,000 | ₹10,688 | ₹1,40,688 |
| Month 27 | ₹5,000 | ₹11,533 | ₹1,46,533 |
| Month 28 | ₹5,000 | ₹12,412 | ₹1,52,412 |
| Month 29 | ₹5,000 | ₹13,325 | ₹1,58,325 |
| Month 30 | ₹5,000 | ₹14,272 | ₹1,64,272 |
| Month 31 | ₹5,000 | ₹15,253 | ₹1,70,253 |
| Month 32 | ₹5,000 | ₹16,270 | ₹1,76,270 |
| Month 33 | ₹5,000 | ₹17,321 | ₹1,82,321 |
| Month 34 | ₹5,000 | ₹18,408 | ₹1,88,408 |
| Month 35 | ₹5,000 | ₹19,529 | ₹1,94,529 |
| Month 36 | ₹5,000 | ₹20,686 | ₹2,00,686 |
| Month 37 | ₹5,000 | ₹21,879 | ₹2,06,879 |
| Month 38 | ₹5,000 | ₹23,108 | ₹2,13,108 |
| Month 39 | ₹5,000 | ₹24,373 | ₹2,19,373 |
| Month 40 | ₹5,000 | ₹25,674 | ₹2,25,674 |
| Month 41 | ₹5,000 | ₹27,012 | ₹2,32,012 |
| Month 42 | ₹5,000 | ₹28,387 | ₹2,38,387 |
| Month 43 | ₹5,000 | ₹29,798 | ₹2,44,798 |
| Month 44 | ₹5,000 | ₹31,247 | ₹2,51,247 |
| Month 45 | ₹5,000 | ₹32,733 | ₹2,57,733 |
| Month 46 | ₹5,000 | ₹34,257 | ₹2,64,257 |
| Month 47 | ₹5,000 | ₹35,819 | ₹2,70,819 |
| Month 48 | ₹5,000 | ₹37,418 | ₹2,77,418 |
| Month 49 | ₹5,000 | ₹39,056 | ₹2,84,056 |
| Month 50 | ₹5,000 | ₹40,733 | ₹2,90,733 |
| Month 51 | ₹5,000 | ₹42,448 | ₹2,97,448 |
| Month 52 | ₹5,000 | ₹44,202 | ₹3,04,202 |
| Month 53 | ₹5,000 | ₹45,995 | ₹3,10,995 |
| Month 54 | ₹5,000 | ₹47,828 | ₹3,17,828 |
| Month 55 | ₹5,000 | ₹49,700 | ₹3,24,700 |
| Month 56 | ₹5,000 | ₹51,612 | ₹3,31,612 |
| Month 57 | ₹5,000 | ₹53,564 | ₹3,38,564 |
| Month 58 | ₹5,000 | ₹55,557 | ₹3,45,557 |
| Month 59 | ₹5,000 | ₹57,590 | ₹3,52,590 |
| Month 60 | ₹5,000 | ₹59,664 | ₹3,59,664 |
Why an RD earns less than an FD on the same total
If you had ₹3 lakh today and put it in a 5-year FD at the same 7%, it would grow to ₹4.24 lakh, earning ₹1.24 lakh. The RD earns only ₹59,664 on the same ₹3 lakh because the money goes in a little at a time. The first ₹5,000 works for 5 years, the last for one month, so on average only about half of your deposits are invested at any time.
That is not a flaw, since an RD is a way to save regularly when you do not have a lump sum. It just means the total interest looks small next to the same amount in an FD.
Different tenures
Longer tenures pull ahead because early instalments stay invested longer: 7 years puts in 1.4× the deposits of 5 years but earns about 2.05× the interest. Before you commit, check what your bank pays if you close early; it is usually a lower rate.
| Tenure | Deposited | Maturity amount | Interest |
|---|---|---|---|
| 3 years | ₹1.8 lakh | ₹2,00,686 | ₹20,686 |
| 5 years | ₹3 lakh | ₹3,59,664 | ₹59,664 |
| 7 years | ₹4.2 lakh | ₹5,42,310 | ₹1,22,310 |
₹5,000 a month at 7%.
RD versus a SIP
The same ₹5,000 a month in an equity SIP earning an assumed 12% would reach about ₹4.12 lakh in 5 years, or ₹3.7 lakh at 8%, against ₹3.6 lakh from the RD. The RD figure is fixed in advance. The SIP figures are assumptions: over a 5-year stretch equity funds can return much more or less, including a loss.
The choice is about the goal. Money you need in 5 years for a fixed purpose suits the certainty of an RD. Money for a goal 10 or more years away can take the extra risk.
Practical points
- Missing an instalment usually brings a small penalty, and many missed ones can lead to the account being closed.
- Interest is taxable at your slab rate, and interest from all your deposits at a bank counts towards its TDS threshold.
- Rates differ by bank and tenure, and senior citizens typically get a higher rate. Put the rate you were quoted into the calculator.
Common questions
How much will ₹5,000 a month in an RD give after 5 years?
About ₹3,59,664 at 7% with quarterly compounding, on ₹3 lakh deposited.
Is RD interest taxable?
Yes, at your slab rate. Banks may deduct TDS once your interest from that bank passes the yearly threshold.
Is an RD better than a SIP?
It depends on the goal and how much risk you can take. An RD gives a known amount; a SIP may give more or less. See the comparison above.
Can I break an RD early?
Usually yes, but the bank typically pays a lower rate than you agreed, and may charge a fee. Check your bank's terms.