Calculators for recurring deposit interest rates: An explainer

Recurring deposits, or RDs, are investment instruments popular with Indian investors. It is a unique term deposit that enables people to make periodic deposits and earn decent returns on the investment. Flexibility and ease of investment make them attractive to individuals. Moreover, it can even help you to save money and establish a rainy-day fund. This blog post will discuss the RD calculator to help you understand what you will gain by investing your money in recurring deposits.

Using recurring deposit interest rate calculators

Calculating the interest for recurring deposits is a bit complex, which is why it would be best if you use a recurring deposit calculator. You can find several recurring deposit calculators online. The calculator will let you know the interest earned on your deposit amount.

It is a more convenient and flexible way to calculate your interest that will also save time. Further, you can decide which might be the perfect amount and the period that can help you to get your required return. The best part of using the calculator is that you can customize your inputs according to your preference.

How to use a recurring deposit interest rate calculator?

If you use a recurring deposit interest calculator, you need to know a few things.

  • First, you need to input the amount you plan to invest.
  • You have to choose the periodicity of investment, which can be daily, weekly, monthly, or quarterly.
  • You need to provide the interest rate offered by the deposit.
  • You have to specify the time of the deposit as well.
  • After entering all these details, it will calculate your total returns from your investment.

How can an RD calculator help you?

Once you provide all details and information about the recurring deposit, the RD interest calculator will fetch the interest component for you. It can also provide you the returns if you keep the amount invested for more than one year.
Along with interest, you can get to know about the complete return on your investment itself. You must ensure that you provide the exact values to the calculator. The calculator will calculate the interest and the total return based on those values.

How to calculate the RD interest rate?

Before you invest your money in a recurring deposit, you need to know that it will give you a return on a compound interest basis. So, the installment amount and interest from the first installment will also be added to the next installment while calculating the interest for the RD deposit. The period of installments plays a vital role in the complete interest calculation.

If the deposit is for one year, and the installment period is one month, then the first installment will have the interest of one whole year, whereas the last month’s capital will get the interest for one month only. Still, the amount will get added up with the next installment after every month, and the interest of that as well. Essentially, you get a good return from your investment as the power of compounding works its magic.

Different types of recurring deposit interest rate calculators

Different types of recurring deposit interest calculators are based on different types of deposits.

  1. The first is the regular recurring deposit calculator, where everything is simple and standard.
  2. If the RD is in the name of a minor, there is a separate calculator only for that.
  3. For the RD account for senior citizens, the interest rate will be a bit higher.
  4. When it comes to the tax saving RD account, there is a different calculator for that.
  5. You can also find a calculator for NRI recurring deposits.

    Advantages of using RD maturity calculator

    When you use the online RD maturity calculator, it will bring several benefits to the table. The depositors can use the calculator to reap the following benefits:
    The RD calculator is a time-saving instrument for depositors. The calculator is very quick and performs calculations in seconds.
    Besides, the calculator shows accurate results. Therefore, the possibility of any ambiguity or mistake is zero if you input the variables correctly.
    Another major benefit of using the RD calculator is that depositors can use it for free. Also, depositors can use it multiple times. Further, you can input more than one variable according to your requirements.


You have learned about some of the most important factors related to recurring deposit. Also, you need to make sure that you will use the calculator to decide how you manage your investment and savings. The calculators can help you understand the return on your investment and save time. Investor would do well to consider this calculator while investing in recurring deposits.


Which bank gives 7% interest in RD?

IndusInd Bank offers a recurring deposit (RD) with interest rates ranging from 6.25% to 7.75% on various tenures, including the possibility of earning 7% interest, depending on the RD term chosen.

Which bank is best for RD interest rates?

Finding the best bank for recurring deposit (RD) interest rates requires researching and comparing offerings based on competitive rates, flexible tenures, and favorable terms. Utilize online financial portals for up-to-date information.

Which is better RD or FD?

RD and FD serve different purposes. RD is for regular savings with flexibility, while FD offers fixed interest for a lump sum. Choose based on your financial goals and needs.

What is 5 year recurring deposit scheme?

A 5-year recurring deposit scheme is a bank investment plan where you deposit a fixed amount monthly for 5 years, earning interest on the total. It offers a predetermined interest rate and maturity period.

Which bank gives 8% interest?

It’s uncommon for banks to offer 8% interest on regular savings accounts. To find such rates, consider fixed deposits or other investment options. Check with banks for the latest rates.

Disclaimer: Investing in mutual funds is subject to market risks. Please read all scheme-related documents carefully before investing. Potential returns from a mutual fund product are not guaranteed. Past performance is not indicative of future results. None of our articles are intended to and should be considered investment/financial advice from CoinSwitch.

Share this:


Subscribe to our newsletter

Weekly crypto updates and insights delivered to your inbox.

Browse our Newsletter Archive for past editions.


Thank you for subscribing!
Please verify your email to start receiving the latest issues from Switch in your Inbox.
Powered by

Build your crypto portfolio on the
CoinSwitch app today

Scan the QR code below or find us on Google Play
Store or Apple App Store.

Build your crypto portfolio on the
CoinSwitch app today

Scan the QR code below or find us on Google Play Store or Apple App Store.