RD Calculator

Most banks accept ₹100/month minimum, with deposits in multiples of ₹100. Post Office RD starts at ₹100/month. There's no upper limit.

Yes, but most banks penalize early withdrawal (0.5-1% off the contracted rate). Some banks don't pay interest if closed before completing the minimum lock-in (usually 3 months).

RDs offer guaranteed returns but lower (~7%). SIPs in equity funds offer higher potential (10-14%) but with market risk. For 5+ year horizons, SIP usually wins. For guaranteed short-term savings, RD wins.

Yes. Interest is added to your income and taxed at slab rate. TDS at 10% applies if annual RD interest > ₹40,000 (₹50,000 for seniors) — submit Form 15G/15H if your income is below taxable.

Banks typically charge ₹10-50 penalty per missed installment. After 4-6 consecutive missed deposits, the bank may close the RD prematurely. Set up auto-debit to avoid this.

No, you cannot change the monthly amount once the RD is started. Open a new RD if you want to save more. Some banks offer flexible RD products that allow stepping up.

Bank RDs: 6 months to 10 years, in 3-month multiples. Post Office RD: fixed 5-year tenure (with extension option). Longer tenures usually fetch higher rates.

Yes. Most banks offer 75-90% of the RD balance as a loan, at 1-2% above the RD rate. This keeps the RD intact while giving you liquidity — better than premature withdrawal in most cases.