RD Calculator
Recurring Deposit: har mahine fixed amount jama karke maturity par kitna milega — bank-style quarterly compounding ke saath.
Year-by-year growth
| Year | Deposited | Interest | Balance |
|---|
How RD maturity is calculated
RD me har mahine ka deposit alag-alag time ke liye invest rehta hai — pehla installment poori tenure chalta hai, aakhri wala sirf ek mahina. Isliye interest har installment ke bache hue time ke hisaab se milta hai. Banks ise quarterly compounding se calculate karte hain:
where P = monthly deposit, i = quarterly rate = annual rate ÷ 400, aur n = total quarters (tenure months ÷ 3). Ye wahi formula hai jo bank FD/RD calculators use karte hain.
Worked example: ₹5,000/month, 7% p.a., 12 months → total deposit ₹60,000, aur maturity ≈ ₹62,310 — yani ≈ ₹2,310 interest. Notice: poore 60,000 par 7% nahi milta (wo ₹4,200 hota). Kyunki average paisa sirf ~6 mahine hi bank me rehta hai.
FAQ
RD aur FD me kya better hai?
Same rate aur same tenure par FD thoda zyada deta hai, kyunki poora paisa pehle din se lagta hai. Lekin FD me ek saath lump sum chahiye; RD me aap har mahine thoda-thoda jama karte ho (salary se SIP jaisa). Agar aapke paas lump sum hai to FD, agar monthly saving karni hai to RD. Dono par TDS tab lagta hai jab ek financial year me interest ₹40,000 (seniors ₹50,000) se zyada ho.
RD par TDS lagta hai?
Haan, RD ka interest fully taxable hai — aapke slab rate par. Bank 10% TDS katta hai jab ek financial year me aapka total interest (FD + RD) ₹40,000 se upar ho (senior citizens ke liye ₹50,000). Agar aapki income taxable nahi hai to Form 15G/15H dekar TDS se bach sakte ho.
RD beech me band kar sakte hain?
Haan, premature closure allowed hai — lekin us par penalty lagti hai (aksar 0.5-1% kam interest ya ek specific rate par settlement). Minimum lock-in 6 mahine hota hai. Isliye RD sirf us paise se karein jo aap 6-12 mahine tak nahi chhune wale.
RD par loan mil sakta hai?
Haan, zyada tar banks apne RD ke against loan dete hain — aksar jama rashi ka 75-90% tak, jab kuch installments jama ho jayein. Rate FD loan se thoda zyada ho sakta hai. Emergency ke liye premature closure se better option usually yehi hota hai, kyunki RD chalte rehne se interest poora milta hai.
Kya RD rate FD jaisa hi hota hai?
Usually haan — ek hi bank me RD aur FD ka rate same hota hai, tenure ke hisaab se. Lekin kuch banks chhoti-tenure RD par thoda kam rate dete hain. Compare karte waqt "effective yield" dekhein (jo aap is calculator me output me dekh rahe ho), sirf headline rate nahi.