RD (Recurring Deposit) Calculator
Calculate your recurring deposit maturity amount with monthly contributions. Plan your disciplined savings with our comprehensive RD calculator.
RD Details
₹500 - ₹50,000
3% - 8%
6 - 120 months (5.0 years)
Get additional 0.5% interest
Maturity Summary
Maturity Amount
₹3,53,059
Total Deposits
₹3,00,000
Interest Earned
₹53,059
Deposit Breakdown
RD Growth Over Time
Year-wise Breakdown
| Year | Deposits (₹) | Interest (₹) | Total Amount (₹) |
|---|---|---|---|
| Year 1 | ₹60,000 | ₹10,612 | ₹70,612 |
| Year 2 | ₹1,20,000 | ₹21,224 | ₹1,41,224 |
| Year 3 | ₹1,80,000 | ₹31,835 | ₹2,11,835 |
| Year 4 | ₹2,40,000 | ₹42,447 | ₹2,82,447 |
| Year 5 | ₹3,00,000 | ₹53,059 | ₹3,53,059 |
Smart Insights & Recommendations
Build Financial Discipline
RDs are excellent for building saving habits. The monthly commitment ensures regular savings and compounds your wealth over time.
Goal-Based Savings
Use RDs for specific financial goals like education, vacation, or emergency fund. Set tenure based on your goal timeline.
Avoid Missed Payments
Missing payments can attract penalties and reduce your final returns. Consider linking to auto-debit for consistency.
About RD Calculators
What is a Recurring Deposit (RD)?
A Recurring Deposit (RD) is a banking product that allows you to deposit a fixed amount every month for a predetermined period. RDs help build financial discipline and are ideal for people who want to save regularly but don't have a lump sum amount to invest.
How is RD Interest Calculated?
RD interest is calculated using the compound interest formula with quarterly compounding. The formula is:
Where:
M = Maturity Amount
P = Monthly Deposit
r = Annual Interest Rate
n = Compounding Frequency (4 for quarterly)
t = Tenure in years
Benefits of RD
- Builds financial discipline through regular savings
- Flexible tenure options from 6 months to 10 years
- Guaranteed returns with no market risk
- Senior citizens get additional 0.5% interest
- Loan facility available against RD
- Ideal for achieving short to medium-term financial goals
Frequently Asked Questions
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Important Disclaimer
This RD calculator provides estimates based on the inputs provided. Actual returns may vary based on your bank's specific terms, compounding frequency, and other factors. Interest rates are subject to change by banks. Consult with your bank for precise calculations and current rates. This calculator is for informational purposes only and should not be considered as financial advice.