What is the Recurring Deposit Calculator?
In a recurring deposit (RD) you save a fixed amount every month and the bank pays interest, usually compounded quarterly. Enter the monthly deposit, interest rate and duration to see the maturity value, the interest you earn and the amount after withholding tax.
How to use the Recurring Deposit Calculator
- Enter the monthly deposit.
- Enter the annual interest rate and tenure in months.
- Add the tax rate on profit if applicable.
Tip
Compare the RD rate with inflation – if inflation is higher, your money’s buying power still falls.
This Recurring Deposit Calculator is 100% free, needs no signup and runs privately in your browser – on phone, tablet or computer.
Last updated: · By NodifyTech