RD (Recurring Deposit) Calculator
E.g., 1 Year = 12 Months
Total Deposit:
₹ 0
Total Interest:
₹ 0
Maturity Amount
₹ 0
*Calculated using quarterly compounding frequency standard in Indian Banks.
What is Recurring Deposit (RD)?
A Recurring Deposit (RD) is a special kind of term deposit offered by banks which helps people with regular incomes to deposit a fixed amount every month into their RD account and earn interest at the rate applicable to Fixed Deposits.
How is RD Interest Calculated?
In India, RD interest is compounded quarterly. The formula used is:
M = P × n + Interest
Where interest is calculated on the Principal amount compounding quarterly.
Frequently Asked Questions
The minimum tenure for a bank RD in India is usually 6 months, and the maximum is 10 years.
Yes, TDS is deducted at 10% if the interest earned on RD and FD exceeds ?40,000 (?50,000 for
senior citizens) in a financial year.