Recurring Deposit Calculator (Free & Instant)
Calculate your RD maturity amount instantly. Estimate returns based on monthly deposit, interest rate, and tenure.
Recurring Deposit Calculator
Calculate maturity value of monthly recurring deposits with compound interest.
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Recurring Deposit Calculator
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—MATURITY VALUE—
TOTAL INVESTED—
INTEREST EARNED—
EFFECTIVE YIELD—
How to Use Recurring Deposit Calculator (Free & Instant) in 3 Easy Steps
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Step 1
Enter your desired monthly deposit amount.
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Step 2
Specify the annual interest rate (check your bank's latest rate).
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Step 3
Select the tenure in years (1 to 10 years).
Frequently Asked Questions
Most banks in India allow a minimum monthly deposit of ₹100 (SBI) to ₹1,000 (HDFC). The exact amount depends on the bank and account type.
Yes, interest earned on RDs is taxable under "Income from Other Sources." If total interest exceeds ₹40,000 (₹50,000 for senior citizens), TDS at 10% is deducted.
Yes, premature withdrawal is allowed by most banks, but a penalty of 1-2% is typically applied, and you receive interest at a lower rate.
In India, most banks compound RD interest on a quarterly basis (4 times per year), which results in higher effective returns than simple interest.