Recurring Deposit (RD) Calculator
Total Investments:
Total Est. Interest:
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What is FD & RD Calculator
An FD (Fixed Deposit) calculator and an RD (Recurring Deposit) calculator are tools that help you calculate the interest earned on a fixed deposit or recurring deposit, respectively. FD’s and RD’s are both low-risk investments that help you grow your savings .FD’s are for lump sum investments, while RD’s are for regular contributions .Both FD’s and RD’s offer guaranteed returns on maturity .
Fixed Deposit (FD) calculator
- Calculates the interest earned on an Fixed Deposit (FD)
- You can be used to calculate the interest earned on a lump sum investment
Recurring Deposit (RD) calculator
- Calculates the interest earned on an Recurring Deposit (RD)
- Can be used to calculate the maturity amount of an Recurring Deposit (RD)
- Can help you plan your future financesBenefits of FD and RD calculators
- Time-saving: Calculators eliminate the need to manually calculate interest rates and maturity amounts
- Accurate: Calculators provide precise results based on the variables you input
- Comparison: Calculators allow you to compare different options to find the best one
- Financial planning: Calculators help you plan your investments and set goals
- Free to use: Most calculators are available online and can be used multiple times
How to use FD and RD calculators:-
- Enter the variables you know, such as the amount you want to invest, the interest rate, and the length of the investment
- Click the calculate button
- Review the results, including the maturity amount and interest rate.
- Time-saving: Calculators eliminate the need to manually calculate interest rates and maturity amounts
Indian Top RD & FD Banks
- IDFC First Bank: Offers a flat rate of 6.50% on tax-saving FDs
- Axis Bank: Offers tax-saving FDs with rates between 6.10% and 6.85%
- HDFC Bank: Offers tax-saving FDs with rates between 6.10% and 6.60%
- IndusInd Bank: Offers tax-saving FDs with rates between 6.75% and 7.50%
- SBI Bank: Offers tax-saving FDs with rates between 6.10% and 6.60%
- RBL Bank: Offers tax-saving FDs with rates between 6.55% and 7.05%
Housing finance companies :-
- LIC Housing Finance Ltd. Offers interest rates between 7.25% and 7.75%
- Mahindra Finance: Offers interest rates between 7.50% and 8.10%
- Manipal Housing Finance Syndicate Ltd. Offers interest rates between 7.75% and 8.25%
- Muthoot Capital Services Limited: Offers interest rates between 7.21% and 8.38%
Non-Banking Financial Company ( NBFC ):-
- ICICI Home Finance: Offers interest rates between 7.00%
- Bajaj Finance Ltd. Offers interest rates between 7.40%
- HDFC Ltd. Offers interest rates between 7.10%