RD Calculator

The Recurring Deposit (RD) Calculator is an ideal tool for individuals who want to build a savings habit by investing a fixed amount every month. It helps you calculate the maturity amount you will receive at the end of your investment tenure. By considering your monthly contributions, the interest rate, and the duration of the RD, this calculator provides a clear estimate of your future savings, making it perfect for planning short-term to medium-term financial goals.

How to Use the RD Calculator

1. Enter Monthly Investment: Use the slider to set the fixed amount you wish to invest each month.
2. Set the Interest Rate: Adjust the slider to the annual interest rate offered by your bank or post office.
3. Choose the Tenure: Select the duration of the RD in years.
4. View Your Maturity Amount: The calculator will instantly compute the projected maturity value, the total principal invested, and the interest earned. The pie chart visualizes the proportion of your investment versus the returns.

Who Can Benefit from This Tool?

This calculator is perfect for anyone looking to save systematically:

• Salaried Individuals: Who can set aside a fixed sum from their monthly income for savings.
• Beginner Investors: Who want a low-risk, disciplined approach to start their investment journey.
• Goal-Oriented Savers: Individuals saving for a specific goal like a vacation, a down payment for a car, or an emergency fund.