Recurring Deposit returns. Fast, accurate, and completely free.
Calculates interest on recurring deposits compounding quarterly based on standard Indian banking practices.
Enter your Monthly Deposit amount.
Input the Annual Interest Rate offered by the bank.
Enter the tenure in Quarters (e.g., 4 quarters = 1 year, 12 quarters = 3 years).
A Recurring Deposit (RD) is a special term deposit offered by banks that allows people with regular incomes to deposit a fixed amount every month into their RD account and earn interest at rates applicable to Fixed Deposits. It acts as an excellent savings tool for building capital progressively.
By default, Indian banks compound Recurring Deposit interest on a quarterly basis, using standard central banking formulas.
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