Invested Amount
₹0
Estimated Returns
₹0
Maturity Value
₹0
₹
%
Explanation
For example: You choose a set amount every month, like a month-on-month money ritual and joyfully toss it into your RD account on a delegated day. 📅 Then, your money starts compounding at a pre-constant and agreed rate! 🚀 Then, at the end of your RD tenure, you get the reward for your patience and discipline in the form of a new interest amount - in addition of your paid-in amounts. You can calculate these returns using our recurring deposit calculator now.You know what? Almost every bank & cool non-banking financial organization in India offers this no-nonse product: RDs. 🏦✨
RD interest? The RD interest is compounded quarterly. However, do not forget that this interest is also liable for TDS. (Tax deducted at source) ✅ which we are not taking into account here in this calculator.
RD amount calculation formula
Most banks calculate interest on quarterly basis in a recurring deposit account. Thus, the formula that we use here compunds your monthly RD amount quarterly. It is evaluated using a simple future value formula for recurring cashflows paid at the start of each period (here, at the start of every month)
How Our Calculator Can Help You?
a) Calculate the RD maturity amountb) Determine the monthly contribution amount to get the desired corpus
c) Compare RD returns to other investment schemes.
d) Understand the RD scheme eligibility, contribution limits, tax benefits, and withdrawal rules.