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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.

Maturity Amount (After 5 Years)

₹7.19 L

19.9% Returns

Total Deposited

₹6.00 L

Interest Earned

₹1.19 L

Monthly Deposit

₹10,000

Interest %

17%

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.