RD Calculator – Recurring Deposit Maturity Interest
Calculate bank or post office Recurring Deposit (RD) maturity amount and compounded interest earned with our month-by-month accumulator tool.
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Building Discipline with Recurring Deposits (RD)
A Recurring Deposit allows you to save a fixed sum every month for a pre-determined tenure. RDs carry the exact same interest rates and tax rules as Fixed Deposits, making them ideal for individuals who want to build a secure cash reserve from their monthly salary.
RD compounding occurs quarterly. The monthly deposit behaves like a sequence of miniature fixed deposits, each compounding for its remaining tenure until the maturity date is reached.
Frequently Asked Questions (FAQ)
1. What is the minimum tenure for a bank RD?
The minimum tenure for a recurring deposit in India is typically 6 months, and the maximum tenure is 10 years.
2. Is TDS applicable on RD interest income?
Yes, TDS rules for RDs are identical to FDs; tax is deducted at source if annual interest across all branches exceeds ₹40,000.