Our advanced RD calculator helps you understand the growth of your monthly deposits and plan your savings strategy with guaranteed returns.
Recurring Deposits offer guaranteed returns with capital protection, perfect for disciplined monthly savings.
Build a saving habit with regular monthly deposits. RDs encourage financial discipline and consistent saving.
Interactive charts and graphs show your RD growth over time with detailed breakdowns.
Year-wise breakdown showing deposits, interest earned, and maturity amount progression.
Recurring Deposits allow you to save a fixed amount every month for a predetermined period at a guaranteed interest rate, building wealth through regular savings.
Deposit a fixed amount every month in your RD account for the chosen tenure at a predetermined interest rate.
Your deposits earn compound interest, typically compounded quarterly, helping your savings grow faster over time.
At maturity, receive your total deposits plus all accumulated interest as guaranteed returns for your disciplined saving.
Missing RD installments usually attracts penalty charges (typically ₹5-25 per default). Most banks allow a grace period of 1-2 months. If defaults exceed the grace period, the RD may be closed and converted to a term deposit.
RD interest is calculated using compound interest formula on the average balance. Since deposits are made monthly, each installment earns interest for different periods, making the calculation more complex than FD.
Premature withdrawal is allowed after completing 6 months (varies by bank), but it attracts penalty charges (usually 1% reduction in interest rate). Some banks may not allow premature withdrawal at all.
Yes, RD interest is taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). Unlike FDs, there's no tax-saving variant of RD available.
Disclaimer: This Recurring Deposit calculator is for educational and planning purposes only. Actual RD returns may vary based on bank policies, interest rate changes, penalty charges, and other factors. Please consult with your bank or financial advisor before making investment decisions.
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