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.
₹5,000/mo for 5 years at 6.50% becomes ₹3.55 L — ₹54,954 of interest on ₹3.00 L of deposits.
Interest is fully taxable as "Income from Other Sources" at your slab rate. Unlike tax-saver FDs, RDs don't qualify under Sec 80C.
Maturity progression
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.
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