| Month | Deposit (₹) | Interest Earned (₹) | Balance (₹) |
|---|
A Recurring Deposit (RD) is a savings scheme where you deposit a fixed amount monthly for a specified period at a predetermined interest rate. It's ideal for building savings through regular contributions.
Enter your monthly deposit, expected interest rate, tenure, and compounding frequency. The calculator will show maturity amount, total interest, and month-wise growth.
An RD Calculator helps you calculate the maturity amount and interest earned on a Recurring Deposit based on monthly deposit, rate, tenure, and compounding frequency.
RD interest is calculated using compound interest on the accumulated deposits. The formula considers monthly deposits and compounding frequency.
The calculator supports quarterly and monthly compounding frequencies, as commonly used for RDs.
RD returns are guaranteed by banks up to Rs. 5 lakh under DICGC insurance. Always check current rates and terms.
The calculator uses standard RD calculation formulas and provides accurate estimates. Actual returns may vary based on bank policies.