RD (Recurring Deposit) Calculator
Calculate the maturity amount of your Recurring Deposit (RD) with monthly deposits and quarterly compounding, as used by all major banks in India.
How This RD Calculator Helps You
A Recurring Deposit (RD) lets you save monthly and earn compound interest at rates offered by banks and post office schemes. This calculator uses the exact quarterly compounding formula used by SBI, HDFC, ICICI, Kotak, and Post Office RD schemes.
Simply enter your monthly deposit, interest rate, and tenure to see the final maturity amount and interest earned.
- Ideal for monthly savings planning.
- See how RD grows over time with compounding.
- Compare RD vs SIP vs recurring saving schemes.
- Useful for short-term and long-term goals.
Frequently Asked Questions
1. How is RD interest calculated?
RD interest is calculated using monthly deposits and quarterly compounding based on bank formulas.
2. What is the minimum RD tenure?
Usually 6 months for most banks.
3. Which is better, RD or FD?
FD is better for lump-sum investment; RD is better for monthly savings.