RD Interest Calculator
RD Interest Calculator is a free online tool helps you calculate the maturity value (principal amount + interest earned) of your deposit made under the recurring deposit schemes.
Enter your eecurring monthly installment, rate of Interest and tenure to compute RD Maturity Amount.
RD Maturity Amount Calculator
RD Installment Amount Calculator
What is Recurring Deposit (RD)?
Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.
A Recurring Deposit or RD as it is commonly called is a unique term deposit offered by banks. It is an investment tool which permits those with an ability to make regular deposits earn decent returns on their investment.
Top 5 Banks Recurring Deposit Interest Rate
|Recurring Deposit with Bank||Interest for Regular Individuals||Interest for Senior Citizens|
|SBI Bank||5.75% to 6.75% p.a.||6.25% to 7.25% p.a.|
|Kotak Mahindra Bank||6.25% to 7.20% p.a.||6.75% to 7.70% p.a.|
|IDFC Bank||6.75% to 7.25% p.a.||6.75% to 7.25% p.a.|
|Axis Bank||3.5% to 7.4% p.a.||3.5% to 8.05% p.a.|
|ICICI Bank||6% to 6.75% p.a.||6.50% to 7.25% p.a.|
Recurring Deposit for Senior Citizens
Senior Citizens are offered even more beneficial RD interest rates. For Senior Citizen RD schemes, the minimum tenure and loan amount applicable is set as per the Bank's policy and therefore may differ from bank to bank. But usually, the interest rate offered on RD for senior citizens is 0.5% higher than those offered on regular RD accounts.
Recurring Deposit or RD Interest Calculator helps you calculate RD rates. With this fastest and easiest tool you can calculate RD Interest rates, RD Maturity Amount and RD Installment Amount. Its very user-friendly.