Free RD Calculator 2025
Calculate your Recurring Deposit Maturity Amount Instantly
Recurring Deposit Calculator
About the RD Calculator
The Free RD Calculator by Finowings helps you estimate your maturity amount, total deposit, and interest earned quickly and accurately. It’s perfect for those planning savings goals, purchases, or building an emergency fund.
Recurring Deposits (RDs) are among the safest investment options in India. Banks and post offices offer RDs where you deposit a fixed monthly amount for a chosen period, earning compound interest. The Finowings RD Calculator simplifies this estimation process for smarter financial planning.
How to Use the RD Calculator?
- Enter your monthly deposit amount.
- Enter the annual interest rate.
- Enter the tenure in months.
- Click “Calculate” to see your investment and maturity details instantly.
Benefits of Using RD Calculator
- Instant Results: Get accurate results in seconds.
- Financial Planning: Plan your goals with clarity.
- Comparison Tool: Compare RD schemes easily.
- Error-Free: Eliminates manual miscalculations.
- Free to Use: Accessible without sign-up.
Formula Used
The RD formula used for calculation is based on compound interest:
M = P × ((1 + r/n)(n×t) – 1) / (1 – (1 + r/n)–1/3)
Where:
M = Maturity Amount
P = Monthly Deposit
r = Annual Interest Rate / 100
n = Compounding periods per year (usually 12)
t = Tenure in years
Why Use an Online RD Calculator?
It saves time and delivers accuracy instantly. Perfect for students, professionals, and retirees to plan investments efficiently.
Advantages of RDs
- Guaranteed returns and low risk.
- Encourages consistent saving habits.
- Flexible tenures and easy loan options.
FAQs on RD Calculator
1. Is the Finowings RD Calculator free to use?
Yes, absolutely! The Finowings RD Calculator is 100% free and can be used unlimited times. You can adjust the values and instantly get updated results without any restrictions.
2. Can I use this tool for any bank or post office RD?
Yes, you can. The RD formula remains the same across financial institutions. Simply enter the specific interest rate and tenure offered by your bank, and the calculator will provide accurate results.
3. Does the RD calculator include tax deduction?
No, this calculator provides pre-tax maturity values. The interest earned on an RD is taxable under “Income from Other Sources” as per your income tax slab.
4. What happens if I miss an RD payment?
Missing payments may lead to a small penalty, depending on the bank’s policy. Some banks allow one or two missed installments without cancellation, but it’s best to maintain consistency for maximum returns.
5. Can I withdraw my RD before maturity?
Yes, premature withdrawal is allowed but may attract a penalty or reduced interest rate. Always check your bank’s RD terms before withdrawing.
6. Is RD better than SIP or Fixed Deposit?
RDs are great for conservative investors who prefer guaranteed returns. SIPs in mutual funds can yield higher returns but come with market risk. Fixed Deposits require a lump-sum investment, whereas RDs build savings gradually — ideal for salaried individuals.
Start using the Free RD Calculator Online today and plan your savings smartly with Finowings.
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