RD Calculator

An RD calculator is an online tool that helps estimate the maturity amount of a recurring deposit by considering factors like monthly investment, tenure, and interest rate.

An RD calculator computes the total maturity value by applying the compound interest formula, helping investors plan their savings efficiently.

Enter the monthly deposit amount, tenure, and interest rate. The calculator will instantly display the estimated maturity amount.

RD interest is compounded quarterly using the formula:
M = P × (1 + r/n)^(nt), where M is the maturity amount, P is the deposit, r is the interest rate, n is compounding frequency, and t is tenure.

Yes, many banks offer short-term RDs for three months, but interest rates may be lower compared to longer tenure deposits.

It provides quick and accurate maturity estimates, helps compare different RD plans, and assists in financial planning without manual calculations.

TDS is deducted at 10% if the interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year. If PAN is not provided, TDS is deducted at 20%.

No, the monthly deposit amount in an RD remains fixed throughout the tenure. For flexible deposits, banks offer variable recurring deposit schemes.