Build your wealth step-by-step. Estimate your Recurring Deposit returns with our accurate online tool.
Monthly Plan
Total Interest Earned
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Maturity Amount
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Investment Summary
Investment vs Interest
What is a Recurring Deposit (RD)?
A Recurring Deposit (RD) is a special kind of term deposit offered by Indian banks and the Post Office. It allows individuals with a regular income to deposit a fixed amount every month into their RD account and earn interest at the rate applicable to Fixed Deposits.
RDs are an excellent way to save for short-term goals like a vacation, buying a gadget, or building an emergency fund without the need for a large lump sum investment.
Why Choose RD in 2026?
- ✓ Discipline: Promotes a habit of monthly savings.
- ✓ Low Entry: Start with as little as ₹100 or ₹500.
- ✓ Guaranteed: Fixed returns regardless of market conditions.
- ✓ High Returns: Earn FD-like interest rates on monthly installments.
How to Use?
Input your monthly installment, the annual interest rate, and the duration in months. Our tool uses the bank-standard quarterly compounding formula to give you the most accurate result.
Taxation (TDS)
TDS is applicable on RD interest if it exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your income is below the taxable limit.
RD vs SIP
While SIPs in Mutual Funds can offer higher returns, they carry market risk. RDs are 100% safe and offer a fixed maturity amount, making them ideal for risk-averse savers.
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