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How to use RD Calculator

Enter your monthly deposit, the annual interest rate and the tenure in months or years. The calculator shows maturity value, total invested and interest earned.

Frequently asked questions

How is RD maturity calculated?

Each monthly deposit earns compound interest for its remaining months. Indian banks typically compound quarterly, so every instalment grows at rate/4 per quarter until maturity.

Is RD interest taxable?

Yes. Interest earned on a Recurring Deposit is added to your income and taxed at your slab rate, and TDS may apply if annual interest crosses the bank's threshold.

Can I change my monthly RD amount?

No. A standard RD requires a fixed monthly deposit for the full tenure. To vary amounts you would open a separate RD or a flexible deposit product.

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