Recurring Deposit Calculator
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Monthly Deposit₹5,000
₹100₹1,00,000
Interest Rate6.5% p.a.
1%12%
Duration2 Years
1 Year10 Years
Maturity Amount
₹1.3L
After 2 years at 6.5%
₹1.2L
Total Deposited
₹8,200
Interest Earned
6.8%
Effective Return
₹342
Avg Monthly Interest
⚠ Disclaimer: This calculator provides estimates only. Actual RD rates vary by bank. Please verify current rates before opening an RD account.
What is a Recurring Deposit?
A Recurring Deposit (RD) lets you deposit a fixed amount every month with a bank for a predetermined period at a fixed interest rate. It is ideal for those who want to save regularly without a large lump sum.
RD vs FD vs SIP
- RD: Fixed returns, low risk, good for disciplined saving
- FD: Fixed returns, lump sum investment, slightly higher rates
- SIP: Market-linked returns, higher potential, higher risk
FAQs
Is RD interest taxable?
Yes. RD interest is fully taxable as per your income tax slab, just like FD interest.
What is the minimum RD amount?
Most banks allow RDs starting from ₹100/month. Post Office RD minimum is ₹100/month.