RD Calculator
Calculate your Recurring Deposit maturity amount
Enter RD Details
Calculate your RD maturity amount and interest
Typical RD rates: 5.5% - 7.5%
How Do RD Calculators Work?
RD calculators help you estimate the maturity amount of your Recurring Deposit by calculating monthly deposits, interest rates, and quarterly compounding over the investment period. Here's a step-by-step explanation:
Enter Monthly Deposit
Input the fixed amount you want to deposit every month. This creates disciplined savings habits and ensures regular monthly contributions. RD allows you to start with as low as ₹100-₹1,000 per month depending on the bank.
Specify Interest Rate and Tenure
Enter the annual interest rate (typically 5.5-7.5%) and tenure in years (6 months to 10 years). Longer tenures usually offer higher interest rates. RD interest rates vary by bank and are subject to change based on RBI policies.
Calculate Maturity Amount
The calculator uses quarterly compounding to compute your maturity amount. Each monthly deposit earns interest for the remaining quarters until maturity. The first deposit earns interest for all quarters, while the last deposit earns interest for fewer quarters. RD offers guaranteed returns with capital protection.
Understanding Your RD Calculation
Learn how rd calculations work
Understanding RD Calculation
RD (Recurring Deposit) is a popular savings instrument where you deposit a fixed amount every month for a predetermined period. It offers guaranteed returns with low risk and is ideal for disciplined savings.
Key Points:
- •Fixed monthly deposit creates disciplined savings habits
- •Interest is compounded quarterly (every 3 months)
- •Guaranteed returns with fixed interest rate throughout tenure
- •DICGC insurance up to ₹5 lakhs per bank
- •RD interest is taxable as per your income tax slab
Frequently Asked Questions
Common questions about rd
Disclaimer
These calculators are for estimation and educational purposes only. For personalized financial advice, please consult a qualified financial advisor or chartered accountant.
All calculations are based on standard formulas and current tax laws. Actual results may vary based on individual circumstances and applicable regulations.
What Is RD and How RD Interest Is Calculated
Recurring Deposit (RD) is a popular savings option for people who want to invest a fixed amount every month and earn steady returns. It is commonly used by salaried individuals and first-time savers to build disciplined savings.
RD vs FD: Which Is Better for Monthly Savings?
RD and FD are both safe investment options offered by banks and post offices. While they serve similar purposes, choosing the right option depends on how you save and your financial goals.
Best RD Tenure to Maximize Returns
Choosing the right RD tenure is important to maximise returns and meet financial goals. A longer tenure generally results in higher interest earnings, but flexibility and liquidity also matter.