Get an estimate of your RD maturity amount and interest in seconds
Recurring Deposit (RD) Calculator
Find out how much your Recurring Deposit investment would grow with our Recurring Deposit (RD) Calculator. Get an estimate of your RD maturity amount and the potential interest pay-out in seconds and plan your investments effortlessly!
Principal amount
Quarterly interest amount
*Interest is calculated on a quarterly basis.
*The above interest calculation shown is indicative, the actual interest paid out may vary.
*Interest Rates up to ₹ 1 lakh - 3.50% p.a. | Above ₹ 1 lakh to ₹ 5 lakhs - 5.00% p.a. | Above ₹ 5 lakhs to ₹ 25 lakhs - 7.25% p.a. | Above ₹ 25 lakhs - 7.50% p.a.
Disclaimer: Ujjivan Small Finance Bank does not guarantee accuracy, completeness or correct sequence of any details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness accuracy. The use of any information set out is entirely at the User’s own risk. User should exercise due care and caution, including if necessary, obtaining of advice of legal, tax, accounting, financial and/or other professionals prior to taking any decision.
Disclaimer: Ujjivan Small Finance Bank does not guarantee accuracy, completeness or correct sequence of any details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness accuracy. The use of any information set out is entirely at the User’s own risk. User should exercise due care and caution, including if necessary, obtaining of advice of legal, tax, accounting, financial and/or other professionals prior to taking any decision.
Features and Benefits
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Features and Benefits
How to Use our RD Calculator
Our Recurring Deposit Calculator is designed to provide instant results. All you need to do is select ‘Type of Customer’ (senior citizens are eligible for additional interest rates), your preferred monthly deposit amount and tenure. Once done, the RD Calculator would give you the maturity amount and interest earned.
Use the calculator to compare your RD returns. You can do so by adjusting the tenure and deposit amount. This could help you align and plan your investments better.
FAQs
1. What is an RD Calculator?
An RD Calculator is a financial calculator that lets you calculate your RD returns (maturity and interest amount) in seconds. The calculator considers the deposit amount, tenure and the applicable interest pertaining to the tenure to calculate your RD returns.
2. How to calculate RD returns?
RD interest is calculated via the compound interest method. The mathematical formula to calculate RD returns is A = P*(1+R/N) ^ (Nt), where: A = Maturity Amount, P = Principal, N = Compounding Frequency, R = RD interest rate in percentage and t = Tenure. You can use our RD Interest Calculator to calculate the maturity amount and interest.
3. What is the RD Maturity amount?
The maturity amount is the amount you receive once your RD tenure ends. It comprises the sum of the principal amount and the interest earned.
4. What are the benefits of using a Recurring Deposit Calculator?
Calculating your RD maturity amount manually can be time consuming and may leave room for errors. An online RD Calculator mitigates these hassles and lets you calculate your recurring deposit maturity amount and interest in seconds. Also, you can use the calculator to compare returns. This would help you choose the right deposit amount that’s aligned to your investment goals.
5. What is the minimum RD tenure?
Recurring Deposit tenure ranges from 6 months to 10 years. You can break your RD anytime, however, in doing so, you will be eligible for the interest rate applicable for that particular tenure and not the actual tenure you had selected at the time of booking an RD.
6. Is RD interest rate fixed?
RD interest rates are fixed throughout the tenure. The interest rate varies based on the tenure.
7. Is RD interest taxable?
The interest earned on Recurring Deposit investments is subject to a minimum of 10% TDS (Tax Deducted at Source), only if the interest income exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
8. What is the minimum amount required to open an RD with Ujjivan?
You can start your investments with as low as ₹100 and in multiples of ₹100 thereof. There’s no maximum limit.
