Calculate how your monthly RD deposits grow with compound interest over your chosen tenure.
Recurring Deposit (RD) is a monthly savings scheme offered by banks with guaranteed interest. Our RD calculator uses quarterly compounding (as most Indian banks apply): M = P × {[(1+r/4)^(4n) – 1] / (r/4)} × (1+r/4). RD interest is taxable as per income slab. Ideal for disciplined monthly savers who want safety of principal.
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