RD (Recurring Deposit) Calculator

What is a Recurring Deposit (RD)?

A Recurring Deposit allows you to save a fixed amount every month for a pre-determined period. Banks typically compound RD interest quarterly in India.

Maturity Formula: The calculator uses the standard quarterly compounding formula as per Indian bank standards.

RDs are great for disciplined savings and offer guaranteed returns, making them a safe investment choice for long-term goals.