Recurring Deposit Calculator
Calculate your RD maturity amount and see how your monthly savings grow over time.
Year-by-Year Growth
| Year | Deposited | Value |
|---|---|---|
| 1 | ₹60,000.00 | ₹62,143.23 |
| 2 | ₹120,000.00 | ₹128,425.30 |
| 3 | ₹180,000.00 | ₹199,121.86 |
| 4 | ₹240,000.00 | ₹274,526.93 |
| 5 | ₹300,000.00 | ₹354,954.10 |
RD Maturity in Other Currencies
What is a Recurring Deposit?
A Recurring Deposit (RD) is a savings instrument where you deposit a fixed amount every month for a predetermined period. It earns interest similar to a Fixed Deposit but allows you to invest in smaller, regular installments rather than a lump sum.
RD vs FD vs SIP
RDs offer guaranteed returns like FDs but with smaller monthly commitments. Unlike SIPs in mutual funds, RD returns are fixed and guaranteed by the bank. RDs are ideal for building savings discipline while earning stable interest, though returns are typically lower than equity-based SIPs over the long term.
How RD Interest is Calculated
RD interest is typically compounded quarterly. Each monthly deposit earns interest for the remaining tenure of the RD. The effective yield depends on the compounding frequency and the deposit period.