Recurring Deposit (RD) Calculator

A Recurring Deposit is an investment tool that allows you to make regular monthly deposits and earn a fixed interest rate. It's an excellent way to build a savings habit. This calculator helps you find out the maturity amount of your RD investment based on your monthly contribution, tenure, and interest rate.

Benefits of a Recurring Deposit

• Disciplined Savings: The requirement to make a fixed monthly deposit instills a regular saving habit.
• Safe Investment: Like FDs, RDs offer guaranteed returns and are not subject to market risks, making them a safe option.
• Convenience: You can easily set up an RD with a small monthly amount and automate the deposits from your savings account.
• Loan Facility: Many banks offer loans against the RD balance, providing a source of liquidity in emergencies.