About this Calculator
RD (Recurring Deposit) is a savings instrument where you deposit a fixed amount every month and earn interest. Our RD calculator uses quarterly compounding as used by Indian banks.
Input Parameters
- Monthly Deposit:Enter a value between ₹500 and ₹100000
- Annual Interest Rate:Enter a value between 2% and 10%
- Tenure:Enter a value between 1yrs and 10yrs