Recurring Deposit (RD) Calculator

A Recurring Deposit compounds quarterly like a fixed deposit, but each monthly instalment starts earning interest from the date it's deposited rather than all at once — so the first instalment earns interest for the full tenure while the last one earns very little.

RDs are popular for building a savings habit toward a specific goal, since they lock in today's interest rate while letting you contribute gradually instead of needing a lump sum upfront like an FD.