Recurring Deposit Calculator
Plan Your Monthly Savings
Use our RD calculator to estimate the maturity value of your recurring deposit. See how disciplined monthly savings can grow your wealth with guaranteed returns.
Maturity Amount
₹3,53,375
Investment Breakdown
What is a Recurring Deposit?
A Recurring Deposit (RD) is a savings instrument offered by banks where you deposit a fixed amount every month for a predetermined tenure. It is ideal for individuals who want to build a savings habit and earn guaranteed returns on their monthly deposits.
RD Interest Formula
Interest = P × n(n+1) / (2 × 12) × rWhere P = Monthly deposit, n = Total months, r = Annual interest rate
Benefits of Recurring Deposits
- Disciplined Saving: RDs enforce a monthly saving habit by requiring regular fixed deposits, helping you build wealth systematically.
- Guaranteed Returns: Unlike market-linked investments, RD interest rates are fixed at the time of opening, ensuring predictable returns.
- Quarterly Compounding: Most banks compound RD interest quarterly, which means your earned interest also earns interest.
- Low Entry Barrier: You can start an RD with as little as ₹500 per month, making it accessible to everyone.
Disclaimer: This calculator provides approximate results for illustrative purposes only. Actual returns may vary based on the bank and applicable compounding frequency. Interest earned on RDs is taxable as per your income tax slab.