RD Calculator Online to Calculate Maturity Amount

Know your Future RD returns in just a click with the Vakilsearch RD Calculator



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RD Calculator

An RD (Recurring Deposit) calculator is a tool that helps you calibrate the maturity amount and the interest earned on an amount invested in the recurring deposit scheme. It is a simple and convenient way to calculate the maturity value of your RD investment based on the amount, interest rate, and tenure.

Top Bank's Best RD Interest Rates in India

BankGeneral Interest RatesSenior Citizen Interest Rates
SBI RD Interest Rates4.40% – 5.50%4.90% – 6.20%
ICICI RD Interest Rates3.50% – 5.50%4.00% – 6.30%
HDFC RD Interest Rates4.40% – 5.50%4.90% – 6.25%
Kotak Bank RD Interest Rates4.30% – 5.20%4.80% – 5.70%
Axis Bank RD Interest Rates4.40% – 5.75%4.65% – 6.50%
BOB RD Interest Rates4.30% – 5.25%4.80% – 5.75%
IDFC First Bank6.75% – 7.25%6.75% – 7.25%
PNB4.40% – 5.30%4.90% – 6.05%
IDBI Bank7.00% – 7.15%7.50% –7.65%
Citibank2.75% – 3.00%3.25% – 4.00%
Canara Bank4.45% – 5.25%4.95% –5.75%
Indian Bank6.25% – 6.30%6.75% – 6.80%
Indian Overseas Bank4.90% – 5.20%5.40% – 5.70%
Union Bank of India4.40% – 5.60%4.40% – 5.60%
Yes Bank5.00% – 6.50%5.50% – 7.25%
Bank of Maharashtra4.00% – 4.90%4.50% – 4.40%
Bank of India4.30% – 5.05%4.80% – 5.50%
Central Bank of India4.20% – 5.00%4.20% – 5.00%
Punjab and Sind Bank4.45% – 5.25%4.95% – 5.75%
UCO Bank4.70% – 5.00%4.90% – 5.00%
South Indian Bank4.10% – 5.65%4.00% – 6.15%
Bandhan Bank4.50% – 5.00%5.25% – 5.75%
AU Small Finance Bank4.00% – 6.00%4.50% – 6.50%
Post Office RD Interest Rate5.80% – 5.80%5.80% – 5.80%
Ujjivan Small Finance Bank4.75% – 6.50%5.25% – 7.00%
Equitas Small Finance Bank6.25% – 6.50%6.75% – 7.00%
Jana Small Finance Bank5.50% – 6.75%6.00% – 7.25%
ESAF Small Finance Bank5.00% – 6.00%5.50% – 6.50%
Lakshmi Vilas Bank2.75% – 6.00%2.75% – 6.50%
RBL Bank4.50% – 6.30%5.00% – 6.80%
Karur Vysya Bank4.00% –5.35%4.50% – 5.50%
IndusInd Bank5.50% – 6.00%6.00% – 6.50%

How to Use Vakilsearch RD Calculator

Vakilsearch RD calculator is a user-friendly tool that helps you calculate the maturity amount and interest earned on your RD investment. You can use the following steps to use the Vakilsearch RD calculator:

  • Enter the monthly instalment amount

  • Enter the RD tenure in months

  • Feed the interest rate showed by your bank

  • Click on the 'Calculate' button to get the maturity amount and interest earned

The Formula to Determine the Maturity Amount of an RD Investment is as Follows

M = R [(1 + i)n - 1] / (1 - (1 + i)-1/3)

M = Maturity amount
R = Monthly instalment amount
i = Interest rate/400
n = Number of quarters

Benefits of Using a RD Calculator for Interest Calculating

  • Simple to Use: Vakilsearch RD calculator is very simple to use. All you have to do is enter the required value in the corresponding field, enter the RD rate and overall amount of investment. When you press the calculate button, the calculator determines the maturity amount accurately and without error

  • Premature withdrawals in theTime-Saving: Using Vakilsearch RD calculator online saves a lot of money. It can perform complex calculations in seconds. It saves the investor the trouble of performing manual calculations recurring deposit is easy. However, in most cases, there will be some cost involved with the same.

  • Accuracy: If you enter the provided information accurately the outputs will be on point with zero errors. By using the Vakilsearch RD deposit calculator one can prevent manual errors to a greater extent

  • Future Preparation: The calculator allows investors to plan their future with great precision because it returns the exact value of their investment

  • Comparison: By using the RD deposit calculator one can easily compare the outcomes available from different banks and financial institutions. You can effectively calculate the overall amount at the end of the tenure using the RD maturity calculator from Vakilsearch. The user can use the RD calculator multiple times with different tenovers and different interest rates

  • It Is Free to Use: Vakilsearch RD interest calculator is free to use, and the investor can use it multiple times.

Tax Benefits on RD

RD investments do not offer any tax benefits. The interest earned on RD investments is fully taxable under the income tax laws.

Process to Use the RD Calculator Online

The process to use the RD Calculator online is as follows:

  • Go to the RD calculator tool on your bank's website or a trusted financial website

  • Enter the monthly instalment amount, tenure, and interest rate offered by the bank

  • Click on the 'Calculate' button to get the maturity amount and interest earned

  • You can also compare the RD interest rates of various banks and choose the best scheme that suits your investment goals.

Criteria for Recurring Deposit Eligibility (RD)

  • Any individual above the age of 18

  • Any minor under the guardianship of a parent or legal guardian who is under the age of 10

  • Any corporation, company, sole proprietorship, or commercial enterprise

  • Any type of government organisation.

Frequently Asked Questions (FAQs)