Total Amount Invested
₹ 0
Total Interest Earned
₹ 0
Total Amount
₹ 0
| Month | Deposit (₹) | Interest (₹) | Balance (₹) |
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Build Wealth with Monthly Savings
Don’t have a lump sum to invest? No problem. A Recurring Deposit (RD) is the perfect tool for salaried individuals who want to save a fixed amount from their income every month.
Use our RD Calculator to see how your small monthly contributions can grow into a significant amount over time. It explains the compounding logic in plain language and helps you visualize your maturity value instantly.
The RD Formula
Example Scenario
Scenario
Save ₹5,000/mo for 36 months
@ 6.5% Interest Rate
Maturity: ≈ ₹1.95 Lakh
Why Start an RD?
- Disciplined Savings: Forces you to save before you spend.
- Safe Returns: Guaranteed returns unaffected by market risks.
- Goal Oriented: Perfect for short-term goals like vacations.
Related Financial Tools
Frequently Asked Questions
It uses compound interest on monthly installments. Interest is typically compounded quarterly by banks.
Yes, the rate is locked at booking. It won’t change even if bank rates change later.
Banks may charge a penalty fee or reduce the interest rate. Auto-debit is recommended.
Yes, RD interest is fully taxable as per your income tax slab (TDS applicable).