RD Calculator
A Recurring Deposit (RD) calculator is a financial tool that helps you calculate the maturity amount and
interest earned on your recurring deposit investments. It's a simple and convenient way to plan your
investments and make informed decisions about your financial future.
What is RD Calculator?
RD calculator is an online tool that calculates the maturity amount and interest earned on a recurring
deposit investment based on the principal amount, interest rate, and tenure. It's a useful tool for anyone who
wants to invest in a recurring deposit scheme and wants to know how much they can earn from their investment.
How to Use RD Calculator?
- Enter the principal amount you want to invest in every month.
- Enter the interest rate offered by the bank or financial institution.
- Enter the tenure of the investment.
- Click on the "Calculate" button to get the maturity amount and interest earned.
How RD Calculator Can Help You
- Plan your investments: RD calculator helps you plan your investments by giving you an
idea of how much you can earn from your investment.
- Make informed decisions: By using an RD calculator, you can make informed decisions about
your financial future and plan your investments accordingly.
- Save time: An RD calculator saves you time and effort by calculating the maturity amount
and interest earned on your investment quickly and accurately.
Frequently Asked Questions (FAQs)
- Q: What is the minimum amount I can invest in a recurring deposit scheme?
- A: The minimum amount you can invest in a recurring deposit scheme varies from bank to bank. Normally, it
is a minimum of ₹500 per month.
- Q: How long can I invest in a recurring deposit scheme?
- A: The tenure of a recurring deposit scheme can vary from 6 months to 10 years, depending on the bank or
financial institution.
- Q: Can I withdraw my money from a recurring deposit scheme before the maturity date?
- A: Yes, you can withdraw your money from a recurring deposit scheme before the maturity date, but you may
have to pay a penalty for early withdrawal.
- Q: Is the interest earned on a recurring deposit scheme taxable?
- A: Yes, the interest earned on a recurring deposit scheme is taxable and is subject to tax deduction at
source (TDS).