₹15,000 RD for 10 Years
A ₹15,000 monthly recurring deposit for 10 years at 7% compounded quarterly matures at ₹26.1 lakh, of which ₹8.1 lakh is interest earned over the tenure. RD works best for salaried savers who want disciplined monthly savings with sovereign-level safety — though returns lag behind equity SIPs over long horizons.
Rate Comparison for ₹15,000 / 10 Years
| Rate | Invested | Interest | Maturity |
|---|---|---|---|
| 6% | ₹18,00,000 | ₹6,66,435 | ₹24,66,435 |
| 6.5% | ₹18,00,000 | ₹7,34,819 | ₹25,34,819 |
| 7% | ₹18,00,000 | ₹8,05,526 | ₹26,05,526 |
| 7.5% | ₹18,00,000 | ₹8,78,640 | ₹26,78,640 |
About This Scenario
A ₹15,000 monthly recurring deposit for 10 years at 7% compounded quarterly matures at ₹26.1 lakh, of which ₹8.1 lakh is interest earned over the tenure. RD works best for salaried savers who want disciplined monthly savings with sovereign-level safety — though returns lag behind equity SIPs over long horizons.
Frequently Asked Questions
What is the maturity of ₹15,000 monthly RD for 10 years?
At 7% quarterly-compounded, a ₹15,000 monthly RD for 10 years matures at ₹26.1 lakh. Of this, ₹8.1 lakh is interest earned.
Is RD interest taxable?
Yes. Treated exactly like FD interest — taxable under 'Income from Other Sources' at your slab rate. TDS applies if annual interest from the bank exceeds ₹40,000 (₹50,000 for senior citizens).
RD vs SIP — which is better?
RD gives guaranteed but lower returns (6–7.5%) with sovereign-level safety. SIP in equity mutual funds targets 11–14% historically with market risk. For 5+ year horizons, SIP typically creates 2–3x more wealth.
Can I skip an RD instalment?
Most banks allow 2–4 missed instalments without penalty, but later missed instalments can lead to account closure. Set up auto-debit to avoid the issue.