Calculate maturity amount on your monthly recurring deposits.
RDs enforce a habit of saving by requiring you to deposit a fixed amount every month, making it easier to build a corpus.
Like FDs, RDs offer guaranteed returns and are not subject to market volatility, making them ideal for risk-averse investors.
Banks allow you to take loans against your RD account (up to 80-90% of the balance) during emergencies.
You can choose short tenures (6 months) or long tenures (10 years) depending on your financial goals.
Unlike Fixed Deposits, you don't need a large lump sum to start. You can begin investing with very small monthly savings.
Set up standing instructions with your bank to auto-debit the monthly amount, ensuring you never miss a deposit.
A Recurring Deposit (RD) is a term deposit that allows people with regular incomes to deposit a fixed amount every month and earn interest at the rate applicable to fixed deposits.
Enter your Monthly Installment, Interest Rate, and Tenure. The calculator uses the standard banking formula to show you exactly how much you will receive at maturity, helping you choose the best RD scheme.