📅 RD Calculator
See how your recurring deposit grows. Adjust sliders to update.
💰 Net Worth
₹0
📈 Assets
₹0
📉 Liabilities
₹0
🎯 Score
78
RD Details
₹3,62,592
Total invested₹3,00,000
Interest earned₹62,592
💡 Insight: Regular saving builds a nice corpus over time.
Investment vs Interest
🟡 Gold: invested · 🔵 Blue: interest
Your RD story
- Monthly deposit: ₹5,000 for 5 years at 7.0%.
- Total invested: ₹3,00,000 → maturity ₹3,62,592.
- Interest earned: ₹62,592 (17% of final corpus).
- 💡 Takeaway: Regular deposits harness compounding – consider increasing tenure for higher returns. Track your progress in the Wealth Wallet.
RD best practices
- Start early, stay disciplined: Even small monthly amounts add up. Your current deposit is ₹5,000.
- Compare rates: Your rate 7.0% – check if your bank offers higher for senior citizens or longer tenures.
- Use RD for short‑to‑medium goals: Ideal for 1‑5 year goals like vacation, down payment, or emergency fund top‑up.
- Tax planning: Interest is taxable; if you’re in a high bracket, consider debt funds for indexation benefit. Compare with the Old vs New Tax Simulator.
- Automate the deposit: Set up auto‑debit to ensure you never miss a month.
- Review annually: Increase your monthly deposit when you get a raise.
Frequently asked questions
📅 RD basics
What is a recurring deposit (RD)? +
An RD lets you invest a fixed amount monthly. Your current monthly deposit is ₹5,000, rate 7.0%, tenure 5 yrs → maturity ₹3,62,592. Track your overall savings in the Wealth Wallet.
How is RD maturity calculated? +
Using compound interest formula for monthly deposits. Interest contributes 17% of final corpus. Your interest earned is ₹62,592. Compare with the FD Calculator for lump‑sum alternatives.
📈 Interest & returns
What’s a good RD interest rate? +
Typically 5‑8%. Your current rate 7.0% is competitive. Higher rates boost interest significantly. Check the Old vs New Tax Simulator to see how interest affects your tax.
How does tenure affect returns? +
Longer tenure = more compounding. Your 5‑year RD gives ₹62,592 interest. If extended, interest grows faster. Use the Savings Sprint Simulator to plan longer goals.
📊 Comparing with other tools
RD vs SIP – which is better? +
RD offers fixed returns (debt), SIP equity‑linked. In INDwallet, you can also use the SIP vs Lumpsum Simulator to compare potential returns.
Can I break RD prematurely? +
Yes, but penalty may apply. Better to use the Emergency Fund Calculator for liquidity needs and keep RD for dedicated goals.
💰 Tax & planning
Is RD interest taxable? +
Yes, interest is added to income. Your interest ₹62,592 may be taxable. Consider tax‑saving options like ELSS in the Investment Wallet.
How does RD affect net worth? +
Your net worth (summary card) is ₹0; RD maturity adds to assets. Simulate with different deposits using the Wealth Wallet.
⚡ Goals & liquidity
Can I use RD for a down payment goal? +
Yes – treat RD as a dedicated goal. Your total invested after 5 years = ₹3,00,000. Pair this with the Family Life Stage for larger goals.
RD vs emergency fund – which first? +
Build emergency fund (3‑6 months expenses) before locking money in RD. See the Emergency Fund Calculator to check your coverage.
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