💸 RD Calculator
Calculate maturity value for recurring deposits.
📊 18K+ calculations this month
Total Deposits: ₹0
Interest Earned: ₹0
Maturity Amount: ₹0
💡 Pro Tip: RD teaches disciplined saving. Ideal for building emergency fund or saving for short-term goals.
What is Recurring Deposit (RD)?
Recurring Deposit is a savings scheme where you deposit a fixed amount every month for a predetermined period. It combines the discipline of recurring savings with guaranteed interest like FDs, perfect for salaried individuals building wealth systematically.
RD vs FD: What's Better?
- RD: Monthly deposits, good for those with regular income, builds saving habit
- FD: One-time lump sum, better returns for large amounts, requires upfront capital
- Interest Rates: Similar (6.5%-8%), but RD compounds monthly on accumulated deposits
- Flexibility: RD allows building corpus over time; FD needs money upfront
Tips for Maximizing RD Returns
- Choose 5-year RD to qualify for tax deduction under Section 80C
- Senior citizens get 0.5% extra interest — up to 8.5% in some banks
- Post offices offer 6.7% RD interest (tax-free for senior citizens)
- Avoid missing deposits to prevent penalty charges
- Compare rates — small finance banks often offer 1% more than PSBs