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RD Calculator

Calculate your Recurring Deposit (RD) returns and plan your savings effectively with our easy-to-use calculator.

Maturity Amount

₹0

Total Investment

₹0

Total Interest Earned

₹0

Quarterly Breakdown

Quarter Deposit Interest Balance

What is RD?

A Recurring Deposit (RD) is a type of term deposit where you deposit a fixed amount monthly. It helps in building a savings habit while earning guaranteed returns.

Key Features

  • Fixed monthly deposits
  • Guaranteed returns
  • Flexible tenure options
  • Auto-debit facility available

Benefits

  • Helps develop regular savings habit
  • Earn higher interest than savings account
  • Safe and secure investment option
  • Interest compounded quarterly

Tax Implications

  • Interest earned is taxable
  • TDS applicable if interest exceeds ₹40,000 per year
  • Interest added to your total income

RD Calculator

Use our RD Calculator to calculate the maturity amount and interest earned on your Recurring Deposit. Plan your savings with accurate and detailed results.

how to calculate RD

RD stands for Recurring Deposit. It is a type of savings account where you deposit a fixed amount monthly. The interest earned on the deposit is added to your account, and you can withdraw the amount whenever you want. The tenure of the deposit can be from 6 months to 5 years. The interest rate varies based on the bank and the type of deposit.

Here are the steps to calculate your RD:

  1. Enter the deposit amount, tenure, and interest rate in the calculator.
  2. auto-calculates the maturity amount and interest earned.
  3. Review the calculated maturity amount and interest earned.
  4. Consider any additional taxes or fees that may apply.

Formula

Maturity Amount = Deposit Amount + (Deposit Amount * Interest Rate * Tenure)

Total Interest Earned = Maturity Amount - Deposit Amount

Conclusion

Use our RD Calculator to calculate the maturity amount and interest earned on your Recurring Deposit. Plan your savings with accurate and detailed results.

FAQs

What is a Recurring Deposit (RD)?

A Recurring Deposit (RD) is a type of term deposit where you deposit a fixed amount monthly. It helps in building a savings habit while earning guaranteed returns.

How can I calculate the maturity amount and interest earned on my RD?

Use our RD Calculator to calculate the maturity amount and interest earned on your Recurring Deposit. Plan your savings with accurate and detailed results.

Can I withdraw my RD amount whenever I want?

Yes, you can withdraw your RD amount whenever you want. The interest earned on the deposit is added to your account, and you can withdraw the amount whenever you want.

What are the benefits of a Recurring Deposit (RD)?

A Recurring Deposit (RD) is a type of term deposit where you deposit a fixed amount monthly. It helps in building a savings habit while earning guaranteed returns.

What are the important considerations when setting up a Recurring Deposit (RD)?

Consider the tenure, interest rate, and any additional fees or charges associated with the RD.