RD Calculator
Calculate how much your monthly recurring bank deposits will accumulate upon maturity with guaranteed interest.
Calculator Inputs
LiveHow to use the RD Calculator
- 1Enter your monthly recurring deposit amount.
- 2Enter the bank annual interest rate.
- 3Enter tenure in months.
- 4Examine total deposits made and final maturity payout.
How RD is Calculated
Each monthly deposit earns interest for the remaining quarters until the deposit matures, compounding quarterly.
P is monthly deposit installment, and n is total number of monthly payments.
- 1Total deposited = 24 × ₹5,000 = ₹1,20,000
- 2Total maturity amount = ₹1,29,080
- 3Interest earned = ₹9,080
What affects RD results
- Timeliness of monthly installment transfers (late fees may reduce yield).
- Tenure chosen (1 year to 10 years).
- Applicable bank interest rates.
Frequently Asked Questions
How does an RD differ from a SIP?
An RD provides guaranteed, fixed returns insured by banking institutions, whereas a SIP invests in market-linked mutual funds with variable returns.
Can I withdraw an RD before maturity?
Yes, but banks usually deduct a 0.5% to 1% penalty on the applicable interest rate for premature closure.
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