General Questions
What is an RD Calculator?
An RD Calculator is a free online tool that helps you calculate the maturity amount of your Recurring Deposit (RD) based on your monthly investment, interest rate, and tenure.
Is the RD Calculator free to use?
Yes, our RD Calculator is completely free to use. There are no hidden charges or subscriptions required.
How accurate are the results?
The results are highly accurate and based on the standard RD formula. However, slight variations may occur due to differences in compounding methods used by banks.
Can I use the calculator for any bank's RD scheme?
Yes, our RD Calculator works for all banks' RD schemes as long as you input the correct interest rate and tenure.
Do I need to create an account to use the calculator?
No, you do not need to create an account or provide any personal information to use our RD Calculator.
Using the RD Calculator
How do I use the RD Calculator?
Simply enter your monthly investment, annual interest rate, and tenure (in months or years). Click the "Calculate" button to get instant results.
What details do I need to calculate my RD maturity amount?
You need three details: your monthly investment amount, the annual interest rate offered by your bank, and the tenure of your RD.
Can I compare different RD schemes using the calculator?
Yes, you can input different interest rates and tenures to compare the maturity amounts of various RD schemes.
Does the calculator show a breakdown of the calculation?
Yes, after calculating, the calculator provides a detailed breakdown of your total investment, total interest earned, and maturity amount.
Is there a graph to visualize RD growth?
Yes, our RD Calculator includes an interactive graph that shows the growth of your RD over time.
Tax and Other Queries
Are RDs taxable?
Yes, the interest earned on RDs is taxable as per your income tax slab. The principal amount is not taxable.
Can I avoid TDS on RD interest?
Yes, you can submit Form 15G/15H to your bank if your total income is below the taxable limit. This prevents TDS deduction on your RD interest.
What happens if I miss an RD installment?
Missing an RD installment may result in penalties or reduced interest earnings. Check with your bank for specific terms and conditions.
Can I withdraw my RD before maturity?
Yes, premature withdrawal is allowed but may attract penalties. Consult your bank for details.