RD Details
Min ₹500
₹5,000
₹500₹1L
1% - 15%
1%15%
1 - 10 Years
1Y10Y
Maturity Amount
₹3.60 L
Maturity Date: 25 Dec 2030
Total Limit Invested₹3.00 L
Total Interest₹59,664
Growth Chart
Note: Interest is compounded quarterly as per standard Indian Recurring Deposit rules. Returns shown are indicative.
About Recurring Deposits (RD)
A Recurring Deposit (RD) is a special kind of Term Deposit offered by banks which helps people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.
How is RD Interest Calculated?
In India, RD interest is usually compounded quarterly. The formula used for calculation is:
A = P * (1 + R/400)^(N)
Where:
A = Maturity Amount
P = Monthly Installment
R = Annual Interest Rate
N = Number of Quarters (calculated individually for each installment)