RD Calculator
Build a corpus with small monthly savings. Calculate your Recurring Deposit maturity value.
RD Calculator
Recurring Deposit
Monthly Investment
₹0
Total Investment
₹0
Est. Returns
₹0
Maturity Value
₹0
Understanding Recurring Deposits (RD)
Recurring Deposit is an investment tool which allows those with regular incomes to save a fixed amount every month for a pre-defined tenure and earn interest rates similar to Fixed Deposits.
Disciplined Savings
RD enforces a saving habit since you have to deposit a fixed amount every month. It is perfect for planning short-term goals like a vacation or buying a gadget.
Small Investments
You can start an RD with a very small amount (often as low as ₹500 or ₹1000), making it accessible to everyone.
Key Features
- Tenure: Usually ranges from 6 months to 10 years.
- Interest Rate: Generally same as the FD rates offered by the bank for the same tenure.
- Lock-in: Premature withdrawal is allowed but with a penalty.
Calculation Logic
The maturity value of an RD is calculated by summing up the maturity value of each individual monthly installment.
Since banks compound interest quarterly, the first installment earns interest for the full tenure, the second for (Tenure - 1 month), and so on.
This complex calculation is handled instantly by our calculator.
How to use this RD Calculator?
- Monthly Investment: Enter the amount you want to save every month.
- Interest Rate: Enter the annual interest rate offered by the bank.
- Time Period: Select the duration of the RD in years.