Recurring Deposit Calculator
Calculate RD maturity amount, interest earned and compare bank rates
RD Details
₹
Minimum ₹100, typically ₹500-₹10,000
Minimum 6 months, maximum 10 years
Current RD rates: 6.0% - 7.0% per annum
Most banks use quarterly compounding
Quick Presets
Enter your RD details to calculate maturity amount and interest
What is Recurring Deposit?
Recurring Deposit (RD) is a special type of term deposit where you can deposit a fixed amount every month for a predetermined period and earn interest at the same rate as Fixed Deposits.
Minimum Amount
₹100 per month
Minimum Tenure
6 months
Maximum Tenure
10 years
Interest Rate
6.0% - 7.0%
RD Benefits & Features
Disciplined Savings
Builds regular saving habits with monthly deposits
Loan Against RD
Can avail loan up to 80-90% of RD value
Auto-Debit Facility
Automatic monthly deduction from savings account
Premature Withdrawal
Allowed after 3 months with penalty (usually 1%)
Senior Citizen Benefits
Additional 0.5% interest rate for senior citizens
RD vs Other Investment Options
| Feature | RD | SIP | PPF | NSC |
|---|---|---|---|---|
| Expected Returns | 6.0-7.0% | 10-12% | 7.1% | 6.8% |
| Risk Level | Low | Moderate | Low | Low |
| Liquidity | Medium | High | Low | Low |
| Tax Benefits | None | 80C | 80C + EEE | 80C |
| Lock-in Period | 6M-10Y | None | 15 Years | 5 Years |