A Recurring Deposit (RD) is a special kind of term deposit offered by Indian banks which help people with regular incomes to deposit a fixed amount every month into their RD account and earn interest at the rate applicable to Fixed Deposits.

Our RD Calculator helps you estimate the maturity amount of your RD investment. Here's how to use it effectively:

1. Monthly Investment: Enter the fixed amount you plan to deposit every month.
2. Interest Rate (% p.a.): Input the annual interest rate offered for the RD. Interest on RDs is typically compounded quarterly.
3. Tenure (Years/Months): Specify the duration for which you will make monthly deposits. You can set this in years or months (minimum 6 months, maximum 10 years typically).

Understanding Your RD Calculator Results

• Total Investment: The total sum of all your monthly deposits over the tenure.
• Total Interest: The cumulative interest earned on your deposits.
• Maturity Value: The total amount (Total Investment + Total Interest) you will receive at the end of the RD tenure.