Calculate your RD returns easily with our accurate online recurring deposit calculator.
| Details | Invested |
|---|---|
| Total Investment | ₹ 300000.00 |
| Interest Earned | ₹ -300000.00 |
| Total Maturity Value | ₹ 0 |
A Recurring Deposit (RD) is a popular savings scheme offered by banks and post offices in India. The RD Calculator by ToolsGen helps you estimate the maturity value of your recurring deposit investments.
Whether you're saving for a goal or building an emergency fund, this calculator helps you plan your RD investments effectively.
A Recurring Deposit (RD) is a term deposit scheme where you invest a fixed amount monthly for a predetermined period. It's like a Systematic Investment Plan (SIP) but for fixed deposits with guaranteed returns.
Key features:
Using the calculator is simple:
RD uses compound interest with monthly compounding:
M = P × [(1 + r/n)^(nt) - 1] / (1/n)
Where:
RD interest rates vary by institution:
Rates are subject to change and may vary based on tenure.
✔ Guaranteed returns with no market risk
✔ Disciplined savings habit
✔ Flexible tenure options
✔ Loan against RD available (up to 90%)
✔ Premature withdrawal possible (with penalty)
✔ Senior citizens get additional interest
This tool is useful for:
Find answers to common questions about our RD Calculator
A Recurring Deposit (RD) is a popular savings scheme offered by banks and post offices in India.
The RD Calculator by ToolsGen helps you estimate the maturity value of your recurring deposit investments.
Whether you're saving for a goal or building an emergency fund, this calculator helps you plan your RD investments effectively.
A Recurring Deposit (RD) is a term deposit scheme where you invest a fixed amount monthly for a predetermined period.
It's like a Systematic Investment Plan (SIP) but for fixed deposits with guaranteed returns.
Key features:
Fixed monthly investment
Guaranteed returns
Flexible tenure (6 months to 10 years)
Loan against RD available
Premature withdrawal allowed
Using the calculator is simple:
Enter the monthly deposit amount
Enter the interest rate (annual)
Enter the tenure (months/years)
Click Calculate
View maturity amount and interest earned
RD uses compound interest with monthly compounding:
M = P × [(1 + r/n)^(nt) - 1] / (1/n)
Where:
M = Maturity Value
P = Monthly Installment
r = Annual Interest Rate
n = Compounding frequency (12 for monthly)
t = Time in years
RD interest rates vary by institution:
Bank RD: 5.5% - 7.5% p.a.
Post Office RD: 6.5% - 7.0% p.a. (currently 6.7%)
Senior Citizen RD: 0.5% additional
Rates are subject to change and may vary based on tenure.
✔ Guaranteed returns with no market risk
✔ Disciplined savings habit
✔ Flexible tenure options
✔ Loan against RD available (up to 90%)
✔ Premature withdrawal possible (with penalty)
✔ Senior citizens get additional interest
This tool is useful for:
Salaried individuals
Small business owners
Those seeking guaranteed returns
Retirement planners
Parents saving for children's education
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