RD Calculator
Calculate maturity returns of a Recurring Deposit (RD) with quarterly compounding interest.
Calculator Inputs
Financial Disclaimer
Information provided on WealthMaze is for educational purposes only. All return calculations are estimates based on user inputs. Not financial advice.Calculation Output & Analysis
Visualizing Your Growth
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3Benefits of Recurring Deposit Plans
Use our RD Calculator to plan monthly savings. A Recurring Deposit (RD) allows you to save a fixed sum of money every month and earn interest rates comparable to Fixed Deposits. It is perfect for individuals who want to build a savings buffer but do not have a large lumpsum amount to invest all at once. RDs compound interest on a quarterly basis.
Frequently Asked Questions (FAQ)
Can I withdraw my RD before maturity?
Yes, you can make premature withdrawals, but banks usually charge a penalty (typically 0.5% to 1% reduction in the applicable interest rate for the period the deposit remained with the bank).
How does a recurring deposit calculator calculate returns?
It uses the quarterly compounding formula for recurring deposits, accumulating interest monthly based on your regular contributions and interest rate.