Use this Recurring Deposit (RD) calculator to find out the Interest and Maturity you would earn through a Recurring Deposit offered by Indian Banks and Post Office. Learn also about the best and highest RD interest rates across Indian banks and financial institutions. Did you know that the returns on Recurring Deposits are taxable and that most banks levy up to 2% on premature withdrawal of RDs? As a result, most people make between 3.5-5% returns on their bank's RD investment.Recurring Deposits are just another form of Fixed Deposits (FD) with a monthly deposit to the account in place of a one time investment.
*Estimation is based on historical return of the funds and done to facilitate informed decision making for investors. Actual results may vary. Mutual Fund investments are subject to market risk. Please read the respective offer documents carefully before investing.