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RD Calculator
Calculate your Recurring Deposit returns and maturity amount
₹
% p.a.
Years
Maturity Amount
₹12,393
Investment Breakup
Investment: 96.8% Interest: 3.2%
Understanding Recurring Deposits
A Recurring Deposit (RD) is a type of term deposit where you invest a fixed amount monthly. It's perfect for regular savers who want to build a corpus through disciplined monthly savings.
Key Features:
- Fixed monthly deposits for a predetermined period
- Interest rates similar to Fixed Deposits
- Flexible tenure options from 6 months to 10 years
- Auto-debit facility available for monthly deposits
- Loan facility available against RD
Benefits of RD:
- Helps in building a disciplined savings habit
- Guaranteed returns with compound interest
- Flexible deposit amounts starting from ₹100
- Option for premature withdrawal
- Tax benefits under section 80C (for specific RDs)
Example Calculation:
Monthly deposit of ₹5,000 for 5 years at 7% interest rate:
- Total Investment: ₹3,00,000
- Interest Earned: ₹57,187
- Maturity Amount: ₹3,57,187