Calculate your Recurring Deposit maturity amount, total interest earned, and investment returns. Monthly savings plan calculator for banks & post office.
Minimum ₹100 - Maximum No Limit
Current FD/RD rates: 6.5% - 8.5% depending on bank
Minimum 6 months (0.5 years) - Maximum 10 years
💰 Total Invested Amount₹0
📈 Total Interest Earned₹0
🏦 Maturity Amount₹0
💹 Effective Yield0%
💡 RD Formula & Information: Recurring Deposit (RD) is a popular savings scheme where you deposit a fixed amount every month. Your money grows with compound interest, and you receive the lump sum at maturity. Perfect for disciplined monthly savers. Formula used: M = R × [{(1 + r/n)^(n×t) - 1} / {(1 + r/n)^(1/n) - 1}]
📌 Tax Implications: Interest earned on RD is fully taxable under "Income from Other Sources". Banks deduct TDS at 10% if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if your total income is below taxable limit.