Recurring Deposit Calculator
Calculate your RD maturity amount, interest earned, and year-by-year growth
RD Calculator
📖 Guide60 months = 5 years. Typical RD tenure: 6 months to 10 years
Balance compounds monthly: (balance + deposit) × (1 + rate/12)
Understanding Recurring Deposits
What is Recurring Deposit?
A Recurring Deposit (RD) is a savings scheme offered by banks where you deposit a fixed amount every month for a chosen tenure. It earns interest like a Fixed Deposit but lets you invest in smaller monthly installments.
Quarterly Compounding
Banks typically compound RD interest quarterly as per RBI guidelines. This calculator uses monthly compounding for simplicity, which gives a close approximation. Actual bank maturity may vary slightly.
Ideal for Regular Savers
RDs are perfect for salaried individuals who want to build a corpus with disciplined monthly savings. They offer guaranteed returns, are low-risk, and can be opened with amounts as low as ₹100/month.