RD Calculator
Enter RD Details
📊 Calculation Summary
| Total Deposited: | ₹0 |
| Interest Earned: | ₹0 |
| Effective Annual Yield: | 0% |
| Investment Period: | - |
| Quarterly Interest Rate: | - |
| Total Installments: | 0 |
| Average Monthly Growth: | ₹0 |
| Maturity Value: | ₹0 |
Tip: RD interest is typically compounded quarterly — higher tenure increases compounding benefits.
Understanding Recurring Deposits (RD)
A Recurring Deposit (RD) lets you deposit a fixed amount monthly for a fixed tenure, earning interest (usually compounded quarterly).
Use this RD Calculator to estimate maturity value, interest earned, and effective annual yield instantly.
Benefits of RD
- Disciplined savings with predictable returns
- Flexible tenure (typically 6 months to 10 years)
- Safe & stable — no market risk
Frequently Asked Questions (FAQs)
1. What is the minimum deposit required for RD?
Most banks allow you to start an RD with as little as ₹500 per month. Some banks may even allow lower deposits.
2. Can I withdraw my RD before maturity?
Yes, but premature withdrawal usually attracts penalties and reduced interest rates as per the bank’s policy.
3. Is RD taxable?
Yes, the interest earned on RD is taxable as per your income tax slab. Banks also deduct TDS if the interest crosses the exemption limit.
4. Can I take a loan against RD?
Yes, most banks provide loans or overdraft facilities against RD, typically up to 90% of the deposit value.
5. Which is better: RD or FD?
FD is better if you have a lump sum amount to invest, while RD is ideal for those who prefer smaller, regular contributions.