RD Calculator
Calculate the maturity value of your Recurring Deposit (RD) with our accurate calculator. Uses quarterly compounding logic followed by SBI, HDFC, ICICI, and other Indian banks.
RD Calculator
Calculate maturity amount for Recurring Deposits
Quarterly Compounding
Quick Scenarios:
5 Yr
6.5%
Maturity Amount
₹3.55 L
Total Interest
+₹54,954
Invested: ₹3.00 L
Returns: ₹54,954
Growth Projection
What is a Recurring Deposit?
A Recurring Deposit (RD) is a special kind of Term Deposit offered by banks which helps people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.
Key Features
- Disciplined Savings: Helps in building a habit of saving small amounts monthly.
- Guaranteed Returns: Interest rates are fixed for the entire tenure.
- Flexible Tenure: Usually ranges from 6 months to 10 years.
- Loan Facility: You can avail a loan against your RD corpus.