Recurring Deposit Calculator - Calculate RD Returns Online
Free online RD calculator to calculate maturity value, interest earned, and compare returns. Plan your recurring deposits with accurate calculations.
About RD Calculator
Our Recurring Deposit Calculator is a comprehensive financial tool designed to help you plan your savings through Recurring Deposits. RDs are one of the most popular savings instruments in India, offering guaranteed returns with high safety.
This advanced calculator provides accurate maturity value calculation using standard RD formulas approved by Indian banks. Whether you're planning for short-term goals or long-term wealth creation, this tool helps you make informed investment decisions.
Frequently Asked Questions
A Recurring Deposit is a special term deposit offered by banks in India that allows people with regular incomes to deposit a fixed amount every month and earn interest at rates comparable to Fixed Deposits.
RD interest is calculated quarterly using the formula: M = R × [(1+i)^n - 1] / (1 - (1+i)^(-1/3)) where M is maturity value, R is monthly deposit, i is quarterly interest rate, and n is number of quarters.
Interest earned from RD is fully taxable under 'Income from Other Sources'. TDS @10% is deducted if the interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).
Yes, but banks usually charge a penalty of 0.5-1% on the contracted interest rate. The exact rules and penalties vary between banks.
Most banks offer RD for tenure ranging from 6 months to 10 years. The minimum deposit amount is typically ₹100 per month.
RD allows monthly investments while FD requires lump sum investment. RD yields are slightly lower than FDs but offer the advantage of systematic investment.