RD Calculator - Calculate Recurring Deposit Returns Instantly

Effortlessly calculate your recurring deposit returns with our intuitive Recurring Deposit (RD) calculator. Gain insights into your potential earnings and make smarter decisions about your savings in just a few clicks.

What is RD Calculator?

An RD Calculator is a tool that helps you determine the maturity value of your recurring deposit investment.

You can see your potential earnings at the end of the investment period by inputting the monthly deposit amount, interest rate, and tenure.

This helps you plan your RD investment in a way that is effectively linked to your financial goals.

How to use RD Calculator?

Using RD Calculator is quite a simple process. All you need to do is add the values, and the calculator will give the result independently. Here are the simple steps that you must keep in mind:

1. Add Monthly Investment (in ₹): You first need to add the amount you plan to invest monthly in the RD.
2. Enter Expected Returns (P.A.): Once you have the amount, add the returns you expect to gain.
3. Enter the Time Period (Year): Lastly, you would need to enter the total tenure for your investment. It should be in years.

Once done, you can see the invested amount, estimated returns, and the total value at the bottom. With these simple steps, you can get an idea of the returns you can gain from your RD easily.

Benefits of the StockGro RD Calculator

The main benefits of using the StockGro RD Calculator are as follows:

• It instantly determines the growth of your savings.
• It aids in strategic planning and management of investment goals.
• It offers a user-friendly interface suitable for everyone.
• It provides detailed insights to better understand investment growth over time.

How does StockGro's RD Calculator work?

The StockGro RD Calculator works in a very simple manner. It works based on the following formula:

A = P*(1 + R/N)^(N*t)

Where:

• A: Maturity amount
• P: Invested amount of RD
• R: Rate of interest
• N: Total number of payments made
• T: Tenure of RD

To understand this better, let us check the example here:

Say you have a goal to save ₹80,000 in the next 3 years. Now, you have two options:

• Investing ₹2000 PM for the next 3 years at 8% P.A.
• Investing ₹3000 PM for 2 years at 6% P.A.

Based on the table above, the first option of investing ₹2000 PM for the next 3 years at 8% P.A. is a better choice when it comes to achieving your goal.

How can StockGro's RD Calculator help you?

StockGro's RD Calculator assists you in visualizing the future value of your savings. Whether you are saving for a specific goal or just building a financial cushion, this calculator ensures that you know exactly how much your money can grow. It also helps you to plan effectively and achieve your financial objectives. This way, StockGro's RD Calculator guides you in building a secure financial plan easily.

RD Calculator FAQs

Is TDS applicable on RD?

Yes, TDS is applicable on RD if the interest earned exceeds ₹40,000 in a financial year for individuals. In the case of senior citizens, it is ₹50,000.

What is the minimum amount to start an RD account?

The minimum monthly installment to open an RD account varies by the bank but typically starts at ₹500. Some banks allow for a minimum of ₹100, too.

Can I break my RD prematurely?

Yes, you can break your RD prematurely, but it may incur penalties or reduced interest rates depending on the bank's policies.

What is RD's range of tenure?

The tenure for RD generally ranges from 6 months to 10 years, allowing flexibility based on individual savings goals.