The deposits are usually monthly with interest compounding quarterly. With this RD calculator, you can calculate the exact amount you'll earn if you make a fixed monthly deposit over some time without going through the hassle of computing each monthly return.Ī recurring deposit (RD) is a term investment in which you can make regular deposits and earn a fixed interest rate on the deposits over a period. This article will answer the question: what is recurring deposit? How to calculate RD maturity amount, how RDs work, and why they are a preferred investment tool among many investors. Okay, seriously, if you're saving to buy a house, you should consider a biweekly mortgage, a mortgage loan schedule that'll let you pay bit-by-bit and reach your goal faster. Are you worried that you'll get tempted to tap into your savings to buy a house? Or your salary won't let you save for that vacation in the Bahamas? Then a recurring deposit investment account might be what you need to meet your savings goal!Īs the name suggests, recurring deposits or RD accounts help you make incremental deposits that earn you a risk-free interest at the end of the investment term.
RD calculator (recurring deposit) helps you determine your RD investment account's maturity value if it grows at a specific interest rate and over a given time.
