{"id":4402,"date":"2023-03-21T20:47:45","date_gmt":"2023-03-21T15:17:45","guid":{"rendered":"https:\/\/fatakpay.com\/blog\/?p=4402"},"modified":"2026-01-23T15:59:28","modified_gmt":"2026-01-23T10:29:28","slug":"what-is-an-rd-calculator","status":"publish","type":"post","link":"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-an-rd-calculator\/","title":{"rendered":"What is an RD Calculator?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-an-rd-calculator\/#Introduction_to_the_RD_Calculator_blog\" >Introduction to the RD Calculator blog:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-an-rd-calculator\/#Before_we_introduce_you_to_the_RD_Calculator_let_us_first_understand_what_a_Recurring_Deposit_is\" >Before we introduce you to the RD Calculator, let us first understand what a Recurring Deposit is:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-an-rd-calculator\/#Features_of_an_RD\" >Features of an RD:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-an-rd-calculator\/#Benefits_of_an_RD_Investment\" >Benefits of an RD Investment:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-an-rd-calculator\/#Eligibility_for_an_RD\" >Eligibility for an RD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-an-rd-calculator\/#About_FatakPay\" >About FatakPay:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.fatakpay.com\/blog\/learn-finance\/what-is-an-rd-calculator\/#Explore_More_Financial_Tools\" >Explore More Financial Tools:<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_to_the_RD_Calculator_blog\"><\/span>Introduction to the RD Calculator blog:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Looking to save money in a hassle-free way? A Recurring Deposit (RD) might be the perfect solution for you. Our blog explains what a Recurring Deposit is, how it works, its benefits and drawbacks. We have also included an <strong>RD Calculator<\/strong> for you. Start building your savings with recurring deposits today!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Before_we_introduce_you_to_the_RD_Calculator_let_us_first_understand_what_a_Recurring_Deposit_is\"><\/span>Before we introduce you to the RD Calculator, let us first understand what a Recurring Deposit is:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Recurring Deposits<\/strong> (RD), one of the low-risk investment instruments with moderate and guaranteed returns, are a well-liked investment choice in India. Together with many other advantages, it offers users the ability to choose their investment amount and tenure.<\/p>\n\n\n\n<p>This investing instrument, provided by numerous banks and NBFCs, allows for adjustable duration options ranging from 6 months to 10 years, and it assists in directing monthly funds towards long- or short-term corpus formation.<\/p>\n\n\n\n<p>So, for guaranteed wealth creation, investors might select a minimum amount to contribute each month during the duration. If you don&#8217;t have a large sum of money to accomplish short-term goals, putting a small portion of your <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">monthly salary<\/mark> into the RD account will do the trick. We are slowly moving towards the RD Calculator \ud83d\ude42\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Features_of_an_RD\"><\/span>Features of an RD:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>To make it simple and easy to read, we have explained the features in a tabular form:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>RD Features<\/td><td>Applicability<\/td><\/tr><tr><td>Rate of Interest<\/td><td>Between 5-8% (varies with each bank)<\/td><\/tr><tr><td>Amount of Minimum Deposit<\/td><td>From Rs.10<\/td><\/tr><tr><td>Tenure of Investment<\/td><td>Between 6 months and 10 years<\/td><\/tr><tr><td>Frequency of Interest calculation<\/td><td>Every Quarter<\/td><\/tr><tr><td>Mid-Term or Partial Withdrawal<\/td><td>Not allowed<\/td><\/tr><tr><td>Premature Account Closure<\/td><td>Allowed with Penalty<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>The age of the investor has an impact on <strong>RD interest rates<\/strong> as well. For instance, senior citizens can benefit from higher interest rates than the ones now offered by standard RD programmes. Also, you can use the <strong>RD Calculator <\/strong>to determine your RD returns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_an_RD_Investment\"><\/span>Benefits of an RD Investment:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>RD is a completely risk-free investment with guaranteed returns that may be used to achieve both short- and long-term objectives. Thus, RD can be the ideal investment choice if you need money for the following needs:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cost of higher education<\/li>\n\n\n\n<li>Expenses on home renovation and furnishing<\/li>\n\n\n\n<li>Abroad Vacations<\/li>\n\n\n\n<li>Wedding expense<\/li>\n<\/ul>\n\n\n\n<p>A recurring deposit system encourages disciplined saving because it compels you to make set monthly investments. It is advantageous more so for salaried people who must balance several financial goals with a <strong>fixed salary<\/strong>.<\/p>\n\n\n\n<p>Throughout its life, RD interest is calculated at a fixed rate. In other words, if a bank offers a 6.50% interest rate on your RD, interest will be calculated at this rate regardless of shifting market trends or adjustments to your bank&#8217;s policy about the interest rate offered. As a result, you don&#8217;t need to be concerned about any interest rate reductions on RDs.These assumptions were taken into consideration while designing the RD Calculator.<\/p>\n\n\n\n<p>Recurring deposit interest is taxable, and the bank would <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">deduct TDS<\/mark> at a rate of 10% if the income exceeds Rs. 10,000. You can avoid paying this tax if your yearly income is less than the minimal exemption threshold by giving form 15G to your bank. Form 15H is suited for senior citizens.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_for_an_RD\"><\/span>Eligibility for an RD<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Anyone can do it.<\/li>\n\n\n\n<li>Any minor above the age of ten is entitled to open a recurring deposit account if he or she produces proof of identity.<\/li>\n\n\n\n<li>Any minor under the guardianship of a natural or legal guardian who is under the age of ten.<\/li>\n\n\n\n<li>Any corporation, firm, sole proprietorship, or commercial enterprise.<\/li>\n\n\n\n<li>Any government institution.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_FatakPay\"><\/span>About FatakPay:&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\"><strong>FatakPay<\/strong><\/mark>\u00a0provides\u00a0virtual credit\u00a0facilities for all. It\u2019s available on your phone and caters to your everyday needs in both online and offline formats. Payments are done seamlessly through\u00a0<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">UPI<\/mark>\/QR codes. The solution provides an almost zero cost, free, quick, transparent and secure way to transact in a multilingual format with a Scan Now, Pay Later facility and easy repayment options.<\/p>\n\n\n\n<p>Link to FatakPay App:&nbsp;<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><a href=\"https:\/\/link.ftkp.in\/2uSI\/dkasgvnf\" target=\"_blank\" rel=\"noopener\">https:\/\/link.ftkp.in\/2uSI\/dkasgvnf<\/a><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explore_More_Financial_Tools\"><\/span><strong>Explore More Financial Tools:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>To make smarter financial decisions and plan better, check out these helpful resources:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/fatakpay.com\/blog\/what-is-sip-calculator\/\" target=\"_blank\" rel=\"noopener\">What is SIP Calculator?<\/a><\/strong> \u2013 Learn how the SIP Calculator can help you estimate your returns on systematic investment plans.<\/li>\n\n\n\n<li><strong><a href=\"https:\/\/fatakpay.com\/blog\/what-is-gratuity-calculator\/\" target=\"_blank\" rel=\"noopener\">What is Gratuity Calculator?<\/a><\/strong> \u2013 Discover how the Gratuity Calculator helps you calculate your gratuity benefits.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n<p><\/p>\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"BlogPosting\",\n  \"headline\": \"What is an RD Calculator?\",\n  \"description\": \"Learn how to calculate your Recurring Deposit (RD) returns using an RD calculator. FatakPay guides you through the process of planning savings.\",\n  \"image\": \"https:\/\/fatakpay.com\/blog\/wp-content\/uploads\/2023\/03\/RD-Calculator.jpg\",\n  \"datePublished\": \"2025-03-21\",\n  \"dateModified\": \"2025-03-21\",\n  \"mainEntityOfPage\": {\n    \"@type\": \"WebPage\",\n    \"@id\": \"https:\/\/fatakpay.com\/blog\/what-is-an-rd-calculator\/\"\n  },\n  \"author\": {\n    \"@type\": \"Organization\",\n    \"name\": \"FatakPay Digital Pvt. Ltd.\",\n    \"url\": \"https:\/\/fatakpay.com\"\n  },\n  \"publisher\": {\n    \"@type\": \"Organization\",\n    \"name\": \"FatakPay Digital Pvt. Ltd.\",\n    \"logo\": {\n      \"@type\": \"ImageObject\",\n      \"url\": \"https:\/\/fatakpay.com\/assets\/images\/logo\/Logo.svg\"\n    }\n  }\n}\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Introduction to the RD Calculator blog: Looking to save money in a hassle-free way? A Recurring Deposit (RD) might be the perfect solution for you. Our blog explains what a Recurring Deposit is, how it works, its benefits and drawbacks. We have also included an RD Calculator for you. Start building your savings with recurring<\/p>\n","protected":false},"author":1,"featured_media":6896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[97,111,98,95,96,103,110,99],"class_list":{"0":"post-4402","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-learn-finance","8":"tag-fatakpay","9":"tag-fd","10":"tag-finance-tips","11":"tag-financial-wellness","12":"tag-fintech","13":"tag-investments","14":"tag-rd","15":"tag-retirement-plan"},"_links":{"self":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/4402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/comments?post=4402"}],"version-history":[{"count":10,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/4402\/revisions"}],"predecessor-version":[{"id":7446,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/4402\/revisions\/7446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/media\/6896"}],"wp:attachment":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/media?parent=4402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/categories?post=4402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/tags?post=4402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}