The Recurring Deposit (RD) Calculator is one of the most useful tool for those people who are looking for investing in Recurring Deposit. The RD Calculator is easy to operate and gives all the information you want within a few seconds. Nowadays, all banks and financial companies provide various schemes on Recurring Deposit. But the investors can not decided which RD option is more beneficial to them with help of RD Calculator Online. The Recurring Deposit Calculator can be used for calculating the RD Maturity Value of any bank be it SBI, HDFC, ICICI, etc since only the default fields in the calculator would need to be changed.

The RD Calculator will calculate Maturity Amount, Interest Income at the end of Recurring Deposit Tenure (period), Quarter wise, Year wise Interest Earning and much more. All you need to do is just put (enter) some key details about the Recurring Deposit option you want to analyse in the RD Calculator Online. After that you just need to click on Calculate button to proceed. Within just 03 to 05 Seconds, the RD Calculator will show all the details on your device screen.

The RD Calculator will ask some simple information to help you count Recurring Deposit Interest and Maturity Amount. The key details you need to provide are as follows.

- Recurring Deposit Amount
- Recurring Deposit Time Period (Months)
- Rate of Interest on RD

Please fill up the above details without error in RD Calculator.

Recurring Deposit (RD) is a simplest financial instrument offered by Banks / financial institutes. Making recurring deposits is the same as making fixed deposits. You can deposit an amount every month for a specific period at a higher rate of interest than savings accounts. You will get the Deposit amount and interest at the end of the terms. it is risk-free investment and guaranteed returns.

The interest rate of Recurring Deposit between 5.5% to 8% range and generally, Senior citizens get usually 0.5 percent higher interest rate than the regular interest rate from all banks.

An investor must check before choosing a Recurring Deposit Scheme i.e. Method of Counting Interest. People often check the Rate of Interest on RD, but forget to know whether it is Simple Interest or Compound Interest. Because, Simple Interest is counted on Principal Amount for whole RD Period, while the Compound Interest is counted on Closing Balance of Previous Year/Half Year/Quarter/Interest Count Duration. Compound Interest is usually more beneficial among two or more RD Schemes when the Rate of Interest are similar.

The Recurring deposits tenure period is up to 10 years generally. It differs from bank to bank

If you are looking for an Recurring Deposit interest formula to know a maturity amount, here is the exact Compound Interest formula that can be used for calculating interest.

With the help of RD interest formula, you can estimate the expected return. The formula to calculate interest amount:

Maturity Amount = P*(1+r/n) ^ (nt) P for monthly Investment r for Rate of Interest on RD n for Compounding Frequency of Interest (Yearly/Monthly/Half Yearly/Quarterly) t for Recurring Deposit Time Period

At the rate of **7%** per annum, if you invest ** Rs. 1,000** every month for a term of **60** Months.

Monthly Investment is Rs 1,000,

Interest Rate is 7% per annum,

Number of compounding in a year is 4 i.e. 1 every quarter,

Number of months of investment is 60,

Maturity Amount = 1000*(1+0.07/4) ^ (4*60/12),

Maturity Amount for 1^{st} Month Investment = 1414.78,

Now calculate every month Investment like this, just keep reducing the month ie (Maturity Amount = 1000*(1+0.07/4) ^ (4***59**/12)),

Maturity Amount at end of the terms = Rs 71,932.79,

Interest amount = Rs 71,932.79 - Rs 60,000 = Rs 11,932.79

The investors, depositors can save their time and money by taking a little help of Recurring Deposit Calculator. It is also useful to compare the RD Schemes available at various Banks and Financial Companies. The depositors can use the RD Calculator Online for New RD as well as for Renewal of Old RD.

When a person thinks of saving money for a certain period of time, Recurring Deposit is one of the best option available in Indian Market. But there are hundreds of banks and financial companies which offer variety of Recurring Deposit Schemes. So the problem is *How to Find out Best RD Scheme from the available alternatives. *At such time, you can visit our website to get assistance to choose the *Best** RD Scheme for you.*

With help of RD Calculator, you can compare the Recurring Deposit Schemes offered for different banks for same period. As a result, you will be able to recognize the most suitable RD Scheme/Plan as per your requirements.

The Recurring Deposit Account is always for a certain period of time. The Banking or Financial Companies offer Recurring Deposit Scheme with pre-decided time period (Tenure). So the depositors have two options when the RD period gets over. Either they can withdraw the RD Maturity Amount or they can reinvest it again. When the depositor decides to reinvest the money, he/she must use RD Calculator Online.

The RD Calculator will help you to know whether you should renew you Old Recurring Deposit Account or you need to get a New One. Just enter the necessary details in RD Calculator Online to check the Interest Income/Earning and Maturity Amount for both alternatives to reach to the conclusion. Choose the RD Account option which gives you more return at the time of Maturity.

Online RD Calculator is helps you to check your Recurring Deposit maturity amount and interest for SBI, Axis, icici, indusind, HDFC.