RD Calculator

Recurring Deposit (RD) Defined

A Recurring Deposit (RD) allows you to save a fixed amount every month with a bank for a fixed tenure, earning interest rates similar to Fixed Deposits.

Why use an RD?

• Disciplined Savings: Forces you to save a small amount monthly.
• Guaranteed Returns: Interest rates are fixed at the time of opening.
• Higher Rates: Senior citizens often get 0.5% extra.

Formula Used

RD interest is compounded quarterly in most Indian banks. Our calculator uses the accurate quarterly compounding formula on your monthly installments to give you the precise maturity value.