RD Calculator - Plan your savings with our smart RD Calculator
Plan your savings with our RD calculator. Estimate returns, visualize growth, and achieve your financial goals with disciplined saving.
RD Parameters
About Recurring Deposits
RDs allow you to save a fixed amount monthly with guaranteed returns. Interest is compounded quarterly, making it a safe investment option.
RD Results
RD Growth Over Time
The Power of Regular Saving
Your monthly deposit of ₹5,000 could grow to ₹0 in 5 years, earning ₹0 in interest with quarterly compounding.
Why Choose Recurring Deposits?
Guaranteed Returns
RDs offer fixed interest rates, ensuring predictable returns regardless of market conditions.
Financial Discipline
Regular monthly deposits instill saving habits and help achieve financial goals systematically.
Low Risk
Backed by banks, RDs are one of the safest investment options with capital protection.
Tax Implications
TDS Deduction
Banks deduct 10% TDS on interest earned if it exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).
Taxable Interest
The interest earned is taxable as per your income tax slab. RD interest is added to your annual income.
Related & Other Popular Calculators, Tools
A Recurring Deposit (RD) is a very safe and reliable method used to build wealth. The benefit with our RD Calculator is you can calculator the maturity value of your RD, and the interest earned, and visualize your wealth accumulation process. You can assume saving for folly short life goals or investing for the long term and make accurate assumptions.
What is an RD Calculator?
An RD calculator is a personal finance tool to help you calculate maturity value and interest accrued on a recurring deposit. It takes just a few inputs including the monthly deposit, duration of deposit, and interest rate to find out how much your money will grow.
The RD Calculator saves you the hassle of manual calculations and provides a more efficient way to work accurately with your investment. An RD earns interest on compounding quarterly and the RD calculator is helpful when considering all the returns.
How Does the RD Calculator Work?
The RD Calculator relies on a simple formula that takes your monthly deposits, tenure and interest rate into account. Here's how it works:
Once you input all the above information, the RD Calculator will show you:
Benefits of Using an RD Calculator
Using the RD Calculator gives you a clear picture of your savings and future financial goals:
Example results from the RD Calculator
Suppose, you invest ₹5,000 a month for 5 years at an interest rate of 6.5% per annum:
Which illustrates how consistent saving using an RD calculator will allow you to accrue a substantial amount of wealth in the future.
FAQs
The RD calculator allows you to work out the maturity value and the interest earned on a recurring deposit based on your monthly contributions, the tenure and your interest rate.
Yes, the RD Calculator produces accurate results. It uses the same formula with quarterly compounding to calculate RD maturity, which is used directly by the bank.
Yes. You can vary monthly deposit amount, tenure and interest rate to compare different types of investments.
Yes, the RD Calculator calculates for quarterly compounding to ensure your calculations reflect actual RD return.
The RD calculator can help with grant planning by showing you exactly what the maturity value will be, how much interest earned, and therefore helping you to set realistic financial goals.
Yes. The RD Calculator is completely free, quick to use and conveniently located on the internet for you or anyone else looking to plan their recurring deposit investments.
Note: This calculator provides estimates based on quarterly compounding. Actual returns may vary by bank.