Recurring deposit
Assumed tax on interest: 0 % · Interest calculation: Quarterly illustration
Interest and tax assumptions · Edit
Assumptions
Illustrative regular monthly deposits at month-start, not a bank quote. Quarterly mode compounds each instalment for its completed three-month periods, then applies simple interest for remaining whole months. Monthly mode compounds monthly. Opening dates, day counts, missed instalments, penalties and bank rounding are excluded. Tax is your assumed percentage of total interest deducted at the end, not annual tax or TDS.
SBI · deposit interest conventions (check your own bank)
Estimates are not personalised financial advice. Review assumptions before use.
Estimated future value
Based on your inputs. Not guaranteed. Exact amount: ₹8,68,528.
Deposits and interest
The chart separates your deposits from gross interest. Later deposits earn interest for less time; the after-tax amount uses your entered tax assumption.The chart separates your deposits from gross interest. Later deposits earn interest for less time; the after-tax amount uses your entered tax assumption.
View detailed breakdown
Contributions are money added during the year; growth is the change generated by the assumed return.
Why does timing matter?
Later deposits have less time to earn interest. Compare the contribution total with growth, and check the deposit provider’s actual crediting convention.
Detailed results
| Result | Value |
|---|---|
| Estimated future value | ₹8.69 lakh |
| Total invested | ₹6 lakh |
| Estimated growth | ₹2.69 lakh |
| Assumed tax on interest | ₹0 |
| Value after assumed tax | ₹8.69 lakh |
Schedule
| Year | Opening balance | Contributed | Growth | Closing balance |
|---|---|---|---|---|
| 1 | ₹0 | ₹60,000 | ₹2,312 | ₹62,312 |
| 2 | ₹62,312 | ₹60,000 | ₹6,790 | ₹1.29 lakh |
| 3 | ₹1.29 lakh | ₹60,000 | ₹11,589 | ₹2.01 lakh |
| 4 | ₹2.01 lakh | ₹60,000 | ₹16,734 | ₹2.77 lakh |
| 5 | ₹2.77 lakh | ₹60,000 | ₹22,247 | ₹3.6 lakh |
| 6 | ₹3.6 lakh | ₹60,000 | ₹28,158 | ₹4.48 lakh |
| 7 | ₹4.48 lakh | ₹60,000 | ₹34,493 | ₹5.42 lakh |
| 8 | ₹5.42 lakh | ₹60,000 | ₹41,283 | ₹6.44 lakh |
| 9 | ₹6.44 lakh | ₹60,000 | ₹48,561 | ₹7.52 lakh |
| 10 | ₹7.52 lakh | ₹60,000 | ₹56,362 | ₹8.69 lakh |