RD Calculator — ₹1,000 per month
Project a modest ₹1,000 monthly Recurring Deposit — a realistic starting point for a first savings habit.
RD Calculator — pre-filled with these numbers
Opens the full calculator with these values already set, in your own currency — adjust anything and the result updates instantly.
Open calculator →Each monthly deposit compounds quarterly for the remaining time left in the tenure — the first deposit compounds longest, the last barely compounds at all. This is why RD maturity is noticeably less than depositing the same total as a lumpsum FD.
RD interest is taxed at your marginal slab every year it accrues, same as FD — banks deduct TDS if your annual interest with them exceeds ₹40,000 (₹50,000 for senior citizens).
Is ₹1,000/month worth putting in an RD instead of a savings account?
Usually yes — RD rates are typically higher than a regular savings account rate, so even a small monthly amount earns more this way, provided you're comfortable with the fixed monthly commitment.
Is this a simplified version of the real calculator?
No — it's the exact same calculator, opened with these values already filled in. There's no separate, simplified math happening on this page; everything below adjusts once you open it.