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HDFC RD Calculator

Monthly Investment

Interest rate






1 Yr

30 Yrs

The future value of investment will be

Invested Amount


Estimated Return


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What is the HDFC RD Calculator?

A Recurring Deposit (RD) is an affordable and simple saving option where you usually invest a certain amount of money at regular intervals (per month). RD helps you develop a habit of saving regularly and may offer tax benefits. The maturity amount depends on the period of investment and rate of interest.

An RD calculator is an online tool that allows you to determine the returns on your recurring deposit. Before opening a recurring deposit account with HDFC Bank, you can estimate your returns in advance with the HDFC RD calculator.

This calculator is easy to use and needs just a few variables to determine the interest you will earn as well as the total value of the investment upon maturity. This way, you can save time, plan your finances better, and make more informed decisions.

You can access and use the online HDFC RD calculator available on Angel One for free.

How Does a HDFC RD Calculator Work?

TA recurring deposit calculator follows the principle of compounding the interest. It factors in variables like the monthly investment amount, interest rate, and investment duration to calculate the total invested amount, estimated return and maturity value of the investment. You can simply input these values into the calculator to get the results in seconds.

What Is the HDFC RD Calculator Formula?

The RD formula accounts for these factors: monthly installment, number of quarters, and interest rate. Given below is the HDFC RD calculator formula, also used by most banks:

M = R[(1+i)^n-1]/(1-(1+i)^(-1/3) )


M is the maturity value,

R is the monthly deposit amount,

i is the rate of interest/400

n is the number of quarters

How To Use the HDFC RD Calculator Online?

Using the HDFC RD calculator online is straightforward. You just need to follow these steps:

  1. Enter the amount you wish to invest every month 
  2. Then select the applicable HDFC Bank rate of interest 
  3. Choose your preferred duration of investment 

Once you are done, you will see the estimated return and maturity amount instantly.

Here is an example for better understanding.

Suppose you wish to make a monthly investment of Rs. 5,000 in a recurring deposit for 5 years at 8% p.a. Here’s how to calculate the return and total maturity amount with the HDFC RD online calculator:

  1. Enter Rs. 5,000 in the field for monthly investment 
  2. Choose 8% on the slider scale for the interest rate 
  3. Select 5 years on the slider scale for the investment period 

The RD calculator will instantly display Rs. 3,00,000 as the invested amount, Rs. 69,305 as the estimated return, and Rs. 3,69,305 as the total maturity value.

Benefits of Using a HDFC RD Calculator

  1. Free: You can use the online RD calculator countless times, as it is free. All you need is a device powered by the internet.
  2. Enables easy decision-making: The recurring deposit calculator lets you try multiple combinations of monthly investment, tenure, and interest rate. This way, you can compare returns in different situations and then make a decision that best suits your needs.
  3. Removes human error: The formula for the HDFC RD calculator may appear complex, and a simple error can completely alter the result. Using an online calculator can give you more accuracy and reliability.
  4. Eases financial planning: Using the calculator, you can easily decide how much you need to invest monthly to attain long-term goals like buying a house or funding a wedding. You can also plan your monthly budget better and invest without compromising your quality of life.

Factors Influencing HDFC Earnings

  1. Monthly investment amount: The larger the invested amount, the greater your returns will be. Say, the tenure is 1 year, and the interest rate is 8% p.a. Investing Rs. 5,000 every month will give you a total return or maturity value of Rs. 62,647 while investing Rs. 10,000 will get you Rs. 1,25,293. 
  2. Investment period: The longer the tenure, the higher the return. Say, you decide to invest Rs. 5,000 monthly at 8% interest p.a. Staying invested for 1 year will get you a total return of Rs. 62,647, while a tenure of 3 years will get you Rs. 2,03,858.

  3. Interest rate: The higher the rate, the more you will earn on maturity. Say, you decide to invest Rs. 5,000 for 1 year. An interest rate of 6% will give a total return of Rs. 61,976, while 8% will give you Rs. 62,647. 

  4. Age: Senior citizens are usually offered a higher interest rate than regular investors. Hence, their return is better. Depending on the bank, minors might get a better rate too. 

  5. Premature withdrawal: You usually earn less if you withdraw before the end of the tenure. Banks may charge a penalty too. So, research well before taking a call.


What is the HDFC RD calculator?

The HDFC RD calculator is an online tool that quickly and accurately calculates the return on your recurring deposit investment with HDFC Bank. It uses just a few key variables to obtain the result.

How to use the HDFC RD calculator online?

Using the online HDFC RD calculator on Angel One is easy, as you just need to enter variables like the monthly investment amount, tenure, and expected interest rate. The return is displayed instantly.

Is the HDFC RD calculator free to use?

Yes, the calculator is free, and you can use it as many times as you want without incurring any charges.

How much can be the minimum tenure of your bank recurring deposit?

The minimum investment duration can vary from one bank to another. However, it is usually around 6 months.

What is the interest rate on HDFC RD?

The interest rate generally depends on factors like tenure, invested amount, market conditions, etc. It might also depend on the investor's age, as minors and senior citizens usually get better rates.

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