RD Calculator
Calculate your Recurring Deposit returns and plan your investments. Estimate maturity amount, total investment, and interest earned with accurate projections.
About RD Calculator
The RD Calculator helps you estimate returns on your Recurring Deposit. It considers factors like monthly deposit, tenure, and interest rate to provide accurate projections. Use it to plan your investments and achieve your financial goals.
Step 1: Enter Monthly Deposit
Input your planned monthly RD amount
Step 2: Set Tenure
Choose your RD tenure in months
Step 3: Enter Interest Rate
Specify the annual interest rate
Step 4: View Results
Get detailed projections of maturity amount and interest earned
How to Use the Calculator
Step 1: Enter Deposit Details
Input your monthly RD amount and tenure
Step 2: Set Interest Rate
Specify the annual interest rate offered by your bank
Step 3: Analyze Results
Review the projected maturity amount and interest earned
Step 4: Plan Your Investment
Use the insights to make informed investment decisions
Benefits
Fixed Returns
Guaranteed returns with fixed interest rates
Regular Savings
Build a habit of regular savings with fixed monthly deposits
Flexible Tenure
Choose tenure from 6 months to 10 years
Low Risk
Safe investment option with minimal risk
Tax Benefits
Tax benefits under Section 80C of Income Tax Act
Goal Planning
Perfect for short to medium-term financial goals
Key Features
Frequently Asked Questions
What is RD?
Recurring Deposit (RD) is a type of term deposit where you deposit a fixed amount every month for a predetermined period. It offers fixed returns with guaranteed interest rates.
How is RD interest calculated?
RD interest is calculated using the compound interest formula, considering monthly deposits and the power of compounding over the investment period.
What are the benefits of RD?
Benefits include fixed returns, regular savings habit, flexible tenure, low risk, tax benefits, and suitability for short to medium-term goals.
What is the minimum tenure for RD?
The minimum tenure for RD is typically 6 months, while the maximum can go up to 10 years, depending on the bank's policies.
Can I withdraw RD before maturity?
Yes, you can withdraw RD before maturity, but it may attract a penalty and the interest rate may be reduced. Some banks also allow partial withdrawals.