Recurring Deposit (RD) Calculator
Use this Recurring Deposit Calculator to estimate the maturity amount, interest earned, and growth of your RD investment over time.
RD Summary
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Total Investment
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Interest Earned
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RD Growth Over Time
Year-wise RD Growth
| Year | Total Deposits | Interest Earned | Closing Balance |
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What Is a Recurring Deposit?
A Recurring Deposit (RD) is a savings instrument where you invest a fixed amount every month for a predefined tenure and earn compound interest.
How RD Interest Is Calculated
RD interest is calculated on monthly deposits and compounded based on the chosen compounding frequency.
Benefits of Recurring Deposits
- Disciplined savings habit
- Guaranteed returns
- Flexible tenure
- Low risk investment
Frequently Asked Questions
Yes. RD interest is taxable as per your income tax slab.
Banks may charge a penalty for missed installments.
RD suits monthly savers, while FD suits lump-sum investments.