RD Calculator
What is RD Calculator?
An RD Calculator (Recurring Deposit Calculator India) helps you calculate maturity amount, total investment, and interest earned on your monthly savings. It is widely used by Indian investors to plan small savings efficiently.
How RD Works in India
Recurring Deposit allows you to deposit a fixed amount every month. Banks and post offices provide interest on your deposits, usually compounded quarterly.
- Fixed monthly deposit
- Guaranteed returns
- Flexible tenure
Benefits of RD
- Safe investment
- Better than savings account
- Disciplined saving habit
- Flexible tenure options
Example Calculation
If you invest ₹2000 per month for 2 years at 7% interest, your maturity amount will be higher due to compounding.
RD vs FD Comparison
| Feature | RD | FD |
|---|---|---|
| Deposit | Monthly | One-time |
| Flexibility | High | Low |
| Best For | Regular saving | Lump sum investment |
FAQs
1. What is RD interest rate in India?
It ranges between 5% to 8% depending on the bank.
2. Is RD better than FD?
RD is better for monthly saving, FD is better for lump sum.
3. Can I withdraw RD early?
Yes, but with penalty.
4. Is RD taxable?
Yes, interest earned is taxable.
5. What is minimum RD amount?
Usually starts from ₹100 per month.
6. Which is best RD Calculator?
This RD Interest Calculator provides fast and accurate results.