Recurring Deposit • Monthly Savings
RD Calculator
Calculate returns on your Recurring Deposit. Perfect for building a savings habit with regular monthly contributions.
₹
₹500₹1L
%
4%9%
Yrs
1 Year10 Years
Quarterly Compounding
Interest is compounded quarterly as per standard RD practice in Indian banks.
Understanding Recurring Deposits
What is an RD?
A Recurring Deposit allows you to save a fixed amount every month for a specified period. It's ideal for building a disciplined savings habit with guaranteed returns.
RD vs FD
While FD requires a lump sum, RD lets you invest small amounts monthly. RD rates are usually slightly lower than FD but offer flexibility for salaried individuals.
Tax Implications
Interest earned on RD is taxable. TDS is deducted if interest exceeds ₹40,000 (₹50,000 for seniors) per year. Interest adds to your taxable income.