How This Works
A Recurring Deposit (RD) lets you deposit a fixed amount every month for a set tenure, earning compounded interest similar to a Fixed Deposit but built up gradually rather than as a single lump sum.
This calculator projects your RD maturity value from your monthly deposit amount, the interest rate offered, and the tenure, showing the total amount deposited alongside the interest earned.
Frequently Asked Questions
How is RD interest calculated?
Each monthly deposit earns compounded interest from the date it is deposited until maturity, so earlier deposits earn interest for longer than later ones — similar in principle to how a SIP accumulates, but at a fixed guaranteed rate instead of a market-linked one.
RD vs SIP — which should I choose?
An RD offers a fixed, guaranteed return with capital safety, while a SIP into a mutual fund carries market risk but has historically offered higher long-term returns. The right choice depends on your risk appetite and the goal’s time horizon.
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