RD Calculator (Recurring Deposit)

RD Calculator: Estimate maturity value earned on recurring deposits schemes in India by using rdcalculatoronline.blogspot.com easy tools.

Recurring deposits (RDs) are an investment instrument almost similar to fixed deposits. However, you have to make fixed monthly deposits in RDs, unlike a lump sum amount in FDs. RDs create a habit of regular investment among earning individuals.

What is Recurring Deposit (RD) ?

A Recurring Deposit also known as RD in short. RD is a kind of term deposit offered by banks which help people with regular incomes to deposit a fixed amount every month into their RD account and earn interest at the rate applicable to deposited amount. It is a kind of investment which allows people to make regular deposits and earn decent returns on the investment after a period of time.

How to use the rdcalculatoronline.blogspot.com RD calculator online?

The RD calculator available at the rdcalculatoronline.blogspot.com website is straightforward to use and does not require any subject expertise. Here is a step-by-step guide for using this calculator.

Step 1: Input the monthly amount you would be putting in the recurring deposit

Step 2: Enter the number of years and the expected rate of return.

The total value of the investment after the tenure will be expressed within seconds.