🏦 Recurring Deposit (RD) Calculator
Monthly deposit • Quarterly compounding (default) • Lightweight
RD Calculator – FAQs
What inputs do I need for the RD calculator?
Monthly deposit amount, annual interest rate, tenure (in months/years), and compounding frequency (usually quarterly in India).
How is interest calculated in an RD?
Each monthly installment earns interest from its deposit month till maturity. Most banks compound quarterly, so interest is added every quarter.
Can I calculate a non-standard tenure like 15 months?
Yes. Enter tenure in months (e.g., 15) and the calculator computes maturity value and interest accordingly.
Will the result match my bank exactly?
Usually very close. Small differences can occur due to day-count conventions, compounding dates, and bank-specific rules.
Is TDS deducted on RD interest?
Banks may deduct TDS if your interest crosses the threshold as per rules. Your final tax depends on your slab; check your statement/Form 26AS.
What about premature closure or delayed installments?
Banks may allow premature closure with a penalty and lower interest. Delayed deposits can attract penalties; rules vary by bank.
How is Post Office RD different?
Post Office RD typically has a fixed 5-year tenure with quarterly compounding and government-notified rates. Banks set their own rates and tenures.