RD Calculator

Interest Earned

₹0

Total Deposited

₹0

Total Maturity

₹0

Recurring Deposit (RD) Calculator – Grow Your Savings Regularly 💰

Calculate the maturity amount of your regular savings with Money Compute’s Recurring Deposit (RD) Calculator! 📅✨

RDs are a popular investment choice for disciplined savers who want to invest fixed amounts regularly and earn attractive interest rates. Our calculator helps estimate your returns and plan your savings effectively. 📈

What Is a Recurring Deposit? 🤔

A Recurring Deposit is a financial product where you deposit a fixed amount every month for a specified period, earning guaranteed interest on the total accumulated amount. Perfect for systematic savings and meeting future financial goals. 🏦

How the RD Calculator Works 🧮

Calculate maturity amount by entering:

  • Monthly deposit amount

  • Interest rate offered by the bank or institution

  • Deposit tenure (in months or years)

  • Compound interest applied quarterly or annually

The calculator aggregates your monthly contributions and interest accrued over time.

How to Use Money Compute RD Calculator 🚀

  1. Enter monthly deposit amount (e.g., ₹5,000) 💸

  2. Enter annual interest rate (e.g., 7.5%) 📊

  3. Enter tenure (e.g., 3 years) ⏳

  4. View instant results:

    • Total amount invested 💵

    • Interest earned 🎉

    • Maturity amount 💰

Benefits of Recurring Deposits 🏆

  • Encourages disciplined monthly savings 💪

  • Fixed and guaranteed returns without market risk 💎

  • Flexible tenure ranging from 6 months to 10 years 🗓️

  • Easy investment option for salaried individuals and students 👩‍💼👨‍🎓

  • Can be used as collateral for loans 🚀

Example Calculation 📋

If you invest ₹5,000 monthly for 3 years at 7.5% interest compounded quarterly, your maturity amount will be approximately ₹1,95,845. 🎉

Common FAQs About RD ❓

  • Q1: Can I open an RD account with any bank?

    • Yes, most banks and post offices offer RD accounts. 🏦

  • Q2: Is premature withdrawal allowed?

    • Usually allowed with a penalty or reduced interest. ⚠️

  • Q3: Are RD interests taxable?

    • Yes, interest income is taxable as per your income slab. 🧾

  • Q4: Can the monthly deposit amount be changed?

    • Generally no, but some banks allow flexible RDs. 🔄

Start Building Wealth with Money Compute RD Calculator! 🚦

Make your savings systematic, stress-free, and profitable. Use our RD Calculator to plan your financial goals easily and securely! 🚀

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