Understanding RD Calculator
A Recurring Deposit (RD) is a bank/post-office product where you deposit a fixed amount every month and earn interest, typically with quarterly compounding in bank RDs.
How this calculator works
Enter monthly deposit, tenure, and interest rate. The calculator estimates maturity value using a bank-style quarterly compounding approach and shows interest earned.
Example
₹5,000 per month for 5 years at around 6.5% grows into a predictable maturity amount — useful for near-term goals where you want capital protection more than high returns.
Practical tips
- Compare RD rates across banks and post office schemes.
- For longer goals, equity SIPs may offer higher growth potential with higher risk.
- Ladder multiple RDs if you need money at different dates.
Limitations
Bank formulas and day-count conventions can vary slightly from this estimate.
Need help applying these numbers to your situation? Request a free consultation with Smart Wealth Hub in Ahmedabad, or explore our financial services.