What is a Recurring Deposit (RD)?
A Recurring Deposit (RD) is a simple savings tool where you deposit a fixed amount every month for a set tenure at a predetermined interest rate. It helps you build savings steadily while earning interest on your deposits.
How to Use This RD Calculator
- Enter your monthly deposit amount.
- Input the annual interest rate offered by your bank.
- Specify the tenure in years.
- Click the Calculate button.
- View your RD maturity amount and total deposits instantly.
Example Calculation
For example, if you deposit ₹5,000 every month at an annual interest rate of 6% for 5 years, the calculator will show your total maturity amount and total amount deposited.
Benefits of Using Our RD Calculator
- Instant calculation of maturity and total deposits
- Accurate and easy-to-use interface
- Works on desktop, tablet, and mobile
- Free to use without registration
Frequently Asked Questions
Can I use this for any bank RD? Yes, you can enter any interest rate offered by your bank.
Does it include interest compounding? Yes, this calculator considers monthly compounding.
Is it safe to use? Yes, all calculations are done locally in your browser; no data is stored.
Check our other calculators: FD Calculator or SIP Calculator for more financial planning tools.