RD Calculator
Estimate recurring deposit maturity from monthly deposits.
RD vs FD
A recurring deposit lets you save a fixed amount every month (rather than a lump sum), earning the same fixed-deposit interest rate. It is ideal for building a habit of saving from a salary.
The formula
Each monthly deposit compounds quarterly for its remaining tenure; the maturity is the sum of all those grown deposits.
Frequently asked questions
Can I withdraw early?
Yes, but banks charge a penalty and pay a lower rate on premature RD closure. RDs are best held to maturity.