Recurring Deposit Calculator - Calculate RD Maturity Amount & Interest
Recurring Deposit Calculator
Calculate recurring deposit maturity amount, interest earned and plan your monthly savings.
🏦 Popular RD Plans:
🏦 RD Key Features:
- 💰 Monthly Savings: Fixed amount every month
- 🛡️ Safe Investment: Principal protection guaranteed
- 📈 Compound Interest: Interest on interest
- ⏰ Flexible Tenure: 6 months to 10 years
- 🎯 Goal Based: Plan for specific financial goals
- 💸 Loan Facility: Against RD (up to 90%)
🏦 Current RD Rates (Indicative)
SBI: 6.8% - 7.3%
HDFC: 7.0% - 7.75%
ICICI: 7.25% - 8.0%
Axis: 7.5% - 8.25%
PNB: 7.0% - 7.5%
Post Office: 6.7%
*Rates vary by tenure and are subject to change
Recurring Deposit Features & Benefits
✅ RD Advantages
- 💰 Disciplined Saving: Regular monthly deposits
- 🛡️ Capital Safety: 100% principal protection
- 📈 Guaranteed Returns: Fixed interest rate
- 🏦 Bank Security: DICGC insurance up to ₹5L
- ⏰ Flexible Tenure: 6 months to 10 years
- 🎯 Goal Planning: Perfect for specific targets
⚠️ RD Disadvantages
- 📉 Lower Returns: Compared to equity investments
- 💸 Taxable Interest: Added to income tax
- 🔒 Liquidity Lock: Penalty for premature withdrawal
- 💰 TDS Applicable: 10% if interest > ₹40K
- 📊 Inflation Risk: May not beat inflation
- ⏰ Fixed Commitment: Must deposit monthly
🎯 RD vs Other Options
RD vs SIP:
- RD: Fixed returns, low risk
- SIP: Market-linked, higher potential
RD vs FD:
- RD: Monthly deposits, compounding
- FD: Lump sum, simple interest
💡 RD Strategy Tips
- 🎯 Goal Setting: Define clear financial targets
- 📊 Rate Comparison: Compare rates across banks
- ⏰ Tenure Selection: Choose based on goals
- 💰 Auto-debit: Set up automatic transfers
- 📝 Documentation: Keep all receipts safe
- 🔄 Reinvestment: Plan for maturity proceeds