Recurring Deposit (RD) Calculator
Note on interest rates: Interest rates shown are indicative and based on publicly available information. Rates may change over time or vary across banks and branches. You can adjust the interest rate using the slider or input field.
You invest ₹10,000 per month for 24 months in SBI
Total Investment: ₹2,40,000
Estimated Maturity: ₹2,56,945
About Recurring Deposits
What is a Recurring Deposit?
A Recurring Deposit (RD) is a savings scheme offered by banks where a fixed amount is deposited every month for a chosen tenure, earning interest over time.
How is RD maturity calculated?
Each monthly deposit earns interest for a different duration until maturity. The final amount depends on the deposit amount, tenure, interest rate, and compounding frequency.
Accuracy of this calculator
This calculator provides indicative results for planning purposes. Actual RD returns may vary based on bank policies and compounding rules.