Deposit a fixed amount every month in a bank RD and earn interest. See how much you'll receive at the end of the period.
Maturity Amount
βΉ0
Total DepositedβΉ0
Interest EarnedβΉ0
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How to Use the RD Calculator
Enter your monthly deposit amount.
Enter the annual interest rate.
Select the tenure in months.
See maturity amount and interest earned.
Frequently Asked Questions
RD uses compound interest calculated quarterly: M = R Γ [(1+i)^n β 1] / (1 β (1+i)^(β1/3)), where R = monthly installment, i = quarterly rate, n = total quarters.
Most banks allow RDs starting from βΉ100/month. Post Office RD minimum is βΉ100/month with a 5-year default tenure.
Yes, but premature withdrawal typically attracts a penalty of 1β2% reduction on the offered interest rate.