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RD Calculator

₹ INR - Indian Rupee ▼
₹
%
Mo
Total invested ₹1,00,000
Interest earned ₹12,000
Maturity amount ₹1,12,000
Total invested
Interest earned

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How to use RD Calculator

On Verdant SIP (sip-calculator.net), this RD calculator is framed for investors balancing SIP wealth creation with home-buying goals. Systematic Investment Plans for major life goals like a home down payment. Use for long-term mutual fund SIP planning in INR.

How RD maturity is calculated

A Recurring Deposit (RD) invests a fixed amount every month for a chosen tenure. Banks often use quarterly compounding when computing maturity.

This calculator uses a common quarterly-compounding approximation. Exact bank formulas or deposit dates can change the final amount slightly.

Worked example

₹5,000 per month for 36 months at about 6.5% can build a useful short-to-medium-term corpus with lower market risk than equity SIPs.

Compare RD maturity with an FD of the equivalent lump sum if you already have the cash available.

RD planning tips

Align RD tenure with a known goal date (fees, gadgets, travel). Prefer banks with clear premature-closure penalties.

Senior-citizen RD rates may be higher—switch the interest rate slider to match the published offer.

Figures on Verdant SIP are estimates for education only—not financial, tax, or investment advice. Confirm rates, fees, and terms with your lender or fund house.

Commonly Asked Questions

A Recurring Deposit lets you invest a fixed amount every month for a chosen tenure. Banks and post offices credit interest (often with quarterly compounding) and pay a maturity amount at the end.

Many banks use quarterly compounding on monthly deposits. This calculator uses a common quarterly-compounding approximation. Exact maturity can vary slightly by bank formula and deposit timing.

RD suits monthly savers building a corpus gradually. FD suits a lump sum. Compare tenures, rates, and premature-withdrawal rules for your goal.

Most banks allow premature closure with an interest penalty or reduced rate. Check your bank’s terms before opening an RD you may need to close early.