Free RD Calculator | Unit Converters
Total Deposit
₹3,00,000
Interest Earned
₹55,284
Maturity Amount
₹3,55,284
How RD Calculator Works
Enter RD Details
Monthly deposit, interest rate, time period
Calculate Returns
Get maturity amount and interest earned
RD Calculator Formula
Our RD calculator uses this simple formula:
P = Monthly deposit amount
r = Monthly interest rate (Annual rate ÷ 12)
n = Total number of months
Common RD Calculator Examples
Example 1: Small Savings
Monthly Deposit: ₹2,000
Interest Rate: 6.5% per year
Time Period: 3 years
Maturity Amount: ₹78,392
Interest Earned: ₹6,392
Example 2: Medium Investment
Monthly Deposit: ₹5,000
Interest Rate: 7% per year
Time Period: 5 years
Maturity Amount: ₹3,57,414
Interest Earned: ₹57,414
Example 3: Large Investment
Monthly Deposit: ₹10,000
Interest Rate: 7.5% per year
Time Period: 10 years
Maturity Amount: ₹17,40,485
Interest Earned: ₹5,40,485
RD Calculator Comparison Table
| Monthly Deposit | Interest Rate | Time Period | Total Deposit | Maturity Amount | Interest Earned |
|---|---|---|---|---|---|
| ₹1,000 | 6% | 2 years | ₹24,000 | ₹25,506 | ₹1,506 |
| ₹3,000 | 6.5% | 3 years | ₹1,08,000 | ₹1,17,588 | ₹9,588 |
| ₹5,000 | 7% | 5 years | ₹3,00,000 | ₹3,57,414 | ₹57,414 |
| ₹8,000 | 7.5% | 7 years | ₹6,72,000 | ₹8,33,156 | ₹1,61,156 |
| ₹10,000 | 8% | 10 years | ₹12,00,000 | ₹18,29,460 | ₹6,29,460 |
Use our RD calculator above to calculate your own recurring deposit returns with different amounts and interest rates.
What is RD Calculator?
An RD calculator is a free online tool that helps you calculate your recurring deposit returns. This calculator shows you how much money you will get when your RD matures. It calculates the maturity amount, total deposits, and interest earned on your monthly investments.
Our RD calculator is simple to use. Just enter your monthly deposit amount, interest rate, and time period. The calculator will instantly show you the maturity amount and interest earnings. This helps you plan your savings and investment goals better.
The RD calculator uses compound interest formula to give you accurate results. It considers the monthly compounding of interest that banks typically offer on recurring deposits. This makes our calculator reliable for your financial planning.
Benefits of Using RD Calculator
Quick Calculations
Get instant results for your RD maturity amount and interest earnings.
Financial Planning
Plan your monthly savings and investment goals effectively.
Compare Options
Compare different RD schemes and choose the best one for you.
Free to Use
Our RD calculator is completely free with no hidden charges.
Accurate Results
Uses proper compound interest formula for precise calculations.
Easy to Use
Simple interface that anyone can use without any technical knowledge.
Frequently Asked Questions About RD Calculator
What is a Recurring Deposit (RD)?
A Recurring Deposit is a savings scheme where you deposit a fixed amount every month for a set period. The bank pays you interest on your deposits. At the end of the period, you get back all your money plus the interest earned.
How does the RD calculator work?
The RD calculator uses a compound interest formula to calculate your maturity amount. You enter your monthly deposit, interest rate, and time period. The calculator then shows you the total amount you will receive when your RD matures.
What is the minimum and maximum tenure for RD?
Most banks offer RD with a minimum tenure of 6 months and maximum up to 10 years. Some banks may have different tenure options. You can choose the period that suits your financial goals.
Can I withdraw my RD before maturity?
Yes, you can withdraw your RD before maturity, but banks usually charge a penalty. You may also get a lower interest rate on premature withdrawal. It's better to complete the full tenure to get maximum returns.
What happens if I miss an RD installment?
If you miss an RD installment, banks usually charge a penalty fee. Some banks may also reduce the interest rate. It's important to pay your monthly installments on time to avoid penalties and get full interest.
Is RD calculator accurate?
Yes, our RD calculator is very accurate. It uses the same compound interest formula that banks use. However, the actual amount may vary slightly due to bank-specific terms and conditions. Always check with your bank for exact details.
What is the difference between RD and FD?
In RD, you deposit money every month, while in FD (Fixed Deposit), you deposit a lump sum amount once. RD helps you save regularly, while FD is for investing a large amount at once. Both earn interest, but the calculation method is different.
Can I increase my RD amount during the tenure?
Most banks do not allow you to increase the RD amount during the tenure. You need to open a new RD account if you want to deposit more money. Some banks may have flexible RD options, so check with your bank.
RD Calculator Tips for Better Returns
💡 Smart Tips
- • Start your RD early to benefit from compound interest
- • Choose longer tenure for better interest rates
- • Compare RD rates across different banks
- • Set up auto-debit to avoid missing payments
- • Consider tax implications on RD interest
📈 Maximize Returns
- • Look for banks offering higher interest rates
- • Consider senior citizen RD for extra benefits
- • Avoid premature withdrawal to get full interest
- • Use our RD calculator to plan your investments
- • Reinvest maturity amount in new RD for growth