RD Calculator for Recurring Deposit Returns
An RD calculator helps you estimate the maturity value of a recurring deposit when you save a fixed amount every month. Recurring deposits are useful for people who want disciplined, low-risk savings with a defined tenure and interest rate. By entering the monthly deposit, annual interest rate and number of months, you can calculate total deposits, estimated interest earned and maturity amount. This is helpful for short-term goals such as emergency funds, school fees, travel or planned purchases. The result is an estimate because banks may compound RD interest differently and may apply rules for missed installments, premature closure or tax deduction at source.
RD Calculator FAQs
Is RD better than SIP?
RDs usually offer predictable returns, while SIP returns can be higher or lower based on market performance.
Can I change the RD amount monthly?
Most bank RDs require a fixed monthly deposit amount during the tenure.
Is RD interest taxable?
Yes. RD interest is generally taxable according to your income slab.