Recurring Deposit Calculator
Build Wealth Steadily with Recurring Deposits
Recurring Deposits (RDs) are a disciplined, low-risk savings option that lets you invest a fixed amount monthly to earn guaranteed returns, perfect for small savers or goal-based planning. Our Recurring Deposit Calculator projects your maturity amount and interest earned based on your monthly deposit, interest rate, tenure, and compounding frequency. Whether you’re saving for a vacation, a gadget, or a down payment, this tool helps you visualize your savings growth with clarity.
Begin by entering your monthly deposit amount—starting as low as ₹500 or higher based on your budget. Input the annual interest rate, typically 5-7.5% for RDs, depending on the bank or post office scheme. Specify the tenure in years, from 1 to 10 years, to align with your financial goal. Finally, select the compounding frequency—quarterly is common for RDs, but some offer monthly, half-yearly, or yearly. The calculator computes the maturity amount, total deposited, and interest earned, showing how your regular savings grow.
This calculator highlights the power of consistent saving. For example, a ₹5,000 monthly RD at 6% interest, compounded quarterly over 5 years, grows to ₹3.45 lakh, with ₹45,000 in interest and ₹3 lakh deposited. Extend the tenure to 10 years, and the maturity amount reaches ₹8.39 lakh, earning ₹2.39 lakh interest. Try different deposits or tenures to match your goals—perhaps ₹10,000 monthly for a car or ₹2,000 for a laptop. More frequent compounding, like monthly, slightly boosts returns.
RDs combine safety with discipline but benefit from smart choices. Compare banks or post offices for higher rates—0.25% extra can add thousands over time. Senior citizens often get 0.5% more, enhancing returns. Consider RD laddering—starting multiple RDs with staggered tenures—for flexibility. Be aware of tax on interest (TDS applies if interest exceeds ₹40,000 annually) and penalties for missed deposits or early withdrawal. This calculator lets you test scenarios, but always review RD terms, as rates and rules vary.
RDs are about turning small steps into big wins—funding a dream trip, a child’s course, or a secure future. This calculator transforms those aspirations into achievable plans. As of April 2025, with stable RD rates and rising costs, starting an RD now is a wise move. Input your details, tweak the variables, and watch your savings journey take shape. Let this tool guide you toward financial discipline, where every monthly deposit builds a brighter tomorrow.