RD Calculator Online – Recurring Deposit Calculator India

What is RD (Recurring Deposit)?

A Recurring Deposit (RD) is a popular investment option in India where you deposit a fixed amount every month for a fixed period at a fixed interest rate. RD is ideal for salaried individuals and small savers who want guaranteed returns.

How to Use RD Calculator

1. Enter monthly RD installment
2. Enter interest rate offered by bank
3. Select RD tenure in months
4. Click calculate to view maturity amount

RD Calculation Formula

Maturity = P × (n(n+1)/2) × r + (P × n)

P = Monthly installment  
r = Monthly interest rate  
n = Number of months
        

RD Calculator for Indian Banks

This RD calculator works for major Indian banks like SBI, HDFC, ICICI, Axis Bank, Post Office RD and small finance banks.

Benefits of Recurring Deposit

• ✔ Safe investment with guaranteed returns
• ✔ Low monthly investment
• ✔ Ideal for goal-based savings
• ✔ Better discipline in savings

RD vs FD – Which is Better?

RD is best for monthly savings, while FD is suitable for lump-sum investment. Both offer fixed returns and low risk.

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