Recurring Deposit (RD) Calculator

The Recurring Deposit Calculator helps you calculate the maturity amount, total investment, and interest earned for your recurring deposit account. It is a handy tool to plan your savings and understand the potential returns from your RD investments.

How to Use the RD Calculator

1. Monthly Deposit Amount: Enter the fixed amount you plan to deposit monthly in your recurring deposit account.
   • Example: ₹5,000
2. Annual Interest Rate: Provide the interest rate offered by your bank or financial institution.
   • Example: 6% per annum
3. Tenure (in months): Specify the duration of your RD investment in months.
   • Example: 24 months (2 years)
4. Click the “Calculate” button to see the results.

Example Calculation

• Input:
  • Monthly Deposit: ₹5,000
  • Annual Interest Rate: 6%
  • Tenure: 24 months
• Output:
  • Total Investment: ₹1,20,000
  • Interest Earned: ₹7,680
  • Maturity Amount: ₹1,27,680

The calculator also provides a doughnut chart to illustrate the proportion of total investment versus interest earned.

Why Choose Recurring Deposits?

Recurring deposits are a safe and reliable investment option, ideal for individuals looking to grow their savings with minimal risk. Use this calculator to determine how RD aligns with your financial goals.