Recurring Deposit Calculator
Plan your monthly investments with our easy-to-use Recurring Deposit calculator.
Recurring Deposit Calculator
Maturity Details
Total Deposits:₹0
Interest Earned:₹0
Maturity Value:₹0
Investment Returns
Understanding Recurring Deposits
Recurring Deposits (RDs) are a popular savings option where you deposit a fixed amount monthly for a predetermined period, earning interest at a rate similar to Fixed Deposits.
RDs help you develop a disciplined approach to saving while providing returns that are generally higher than regular savings accounts.
Key Benefits of Recurring Deposits:
- Disciplined Savings: RDs encourage regular monthly savings with fixed contributions.
- Fixed Returns: Interest rates are fixed at the time of opening the account, providing predictable returns.
- Flexible Tenure: You can choose investment periods ranging from 6 months to 10 years.
- Low Minimum Investment: Most banks allow RDs to be started with as little as ₹100 per month.
- Loan Facility: Some banks offer loan facilities against RD accounts up to a certain percentage of the deposit amount.