Recurring Deposit (RD) Calculator
Calculate RD maturity amount with monthly deposits. Perfect for planning regular savings goals.
About This Calculator
🧮 RD Formula
M = P × [(1+r/n)^(nt) - 1] / (r/n) × (1+r/n)Where: M=Maturity, P=Monthly deposit, r=Annual rate, n=12 (monthly), t=Years
📊 RD vs FD vs SIP
| Feature | RD | FD | SIP |
|---|---|---|---|
| Deposit | Monthly | Lump sum | Monthly |
| Returns | Fixed | Fixed | Variable |
| Risk | None | None | Market |
| Typical Return | 5-7% | 5-7% | 10-15% |
💡 RD Tips
- Auto-debit: Set up automatic monthly transfers to never miss deposits
- Avoid penalties: Missing deposits incurs penalty charges
- Flexible RD: Some banks allow varying monthly amounts
- Goal-based: Name your RD for specific goals (vacation, emergency fund)
❓ FAQ
What if I miss an RD payment?
Most banks charge a small penalty (1-2% of missed amount). Repeated defaults may lead to premature closure with reduced interest.
Can I increase my RD amount?
Traditional RDs have fixed amounts. Some banks offer "Flexi RD" where you can deposit extra. Otherwise, open a new RD with a higher amount.
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? Frequently Asked Questions
How accurate is this
This calculator uses standard formulas and provides accurate results for typical use cases. For professional or critical applications, always verify results with certified professionals or official sources.
Is this calculator free to use?
Yes, this RD Calculator • Banking • Calculator is completely free to use with no registration required. You can use it as many times as needed without any limitations.
Can I use this on mobile devices?
Absolutely! This calculator is fully responsive and works perfectly on smartphones, tablets, and desktop computers.
How do I interpret the results?
The results are displayed clearly with appropriate units. Refer to the "About This Calculator" section for detailed information.