RD Calculator

Each monthly deposit compounds quarterly for however many quarters remain until maturity, and all deposits' compounded values are summed. ₹5,000/month at 6.5% for 5 years matures at about ₹3,51,157 on ₹3,00,000 deposited.

Most banks charge a small penalty per ₹100 per month delayed (commonly ₹1–₹10) rather than closing the account, as long as you catch up. Repeated defaults can lead to premature closure at a reduced rate — check your bank's specific policy.

Yes, at your income slab rate, same as FD interest — there is no special exemption. TDS at 10% applies once total interest from a bank exceeds the standard annual threshold, unless you submit Form 15G/15H.

RD gives a guaranteed, fixed return with zero market risk — ideal for short-term, non-negotiable goals (a wedding, a down payment in 2–3 years). SIP into equity or hybrid funds has historically earned more over 5+ years, but with variable, sometimes negative, returns along the way.

Typically no — a standard RD locks in the same monthly deposit amount for the full tenure. If you want to increase savings as your income grows, open a fresh RD or switch to a step-up SIP instead.