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Recurring Deposit

Recurring Deposit (RD) is a popular personal savings scheme offered by banks and Post Office in India- mainly aimed at low income groups/ small investors. Under this scheme, an investor deposits a fixed sum of money at periodic intervals - usually monthly - for a pre determined period - anything from 6 months to 10 years and the Bank / Post Office at the end of the RD maturity period returns the entire deposits together with the interest earned on such deposits. Interest on Recurring Deposit is normally compounded at monthly or quarterly frequencies.

You can use RD Calculator to calculate Recurring Deposit maturity amount for any given values of monthly deposit payment, tenure of Recurring Deposit and interest rate. The interest compounding frequency can also be selected as desired - Monthly or Quarterly.