About RD Calculator
Free RD calculator — calculate recurring deposit maturity amount and returns. Plan your monthly savings with Greenylife RD calculator. Use Greenylife's free rd calculator to make smarter financial decisions. All calculations are instant and accurate.
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Frequently Asked Questions
An RD is a savings scheme where you deposit a fixed amount every month for a fixed tenure and earn interest. It combines the discipline of SIP with the safety of FD.
RD interest is calculated quarterly on each monthly instalment using compound interest. The formula considers each deposit separately from its investment date to maturity.
Most banks allow RD starting from ₹100 per month. Post Office RDs start from ₹100/month with a 5-year tenure at competitive rates.
RD offers guaranteed returns with capital protection, suitable for conservative investors. SIP in mutual funds offers potentially higher returns but with market risk — better for long-term wealth creation.
Yes, RD interest is fully taxable as per your income tax slab. TDS applies if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
Yes, but premature RD withdrawal attracts a penalty of 1–2% reduction in interest rate. Some banks allow partial withdrawal after a minimum lock-in period.
Post Office RD is a government-backed 5-year scheme offering currently around 6.7% interest, compounded quarterly. It is safer than bank RDs as it is government-guaranteed.