RD Calculator in Ahmedabad

Each monthly deposit earns compound interest for the months remaining until maturity. This calculator sums the future value of all deposits using monthly compounding, giving the maturity value and total interest.

RD rates closely track FD rates — typically 6% to 7.5% p.a. for general citizens, with senior citizens usually earning around 0.5% more.

Yes. RD interest is fully taxable at your income-tax slab. Banks deduct TDS at 10% if your total interest income crosses the threshold for the year.

An RD gives a fixed, contractual return and suits short-term saving. A SIP invests in mutual funds with market-linked returns — higher long-term potential but with risk. RD for safety, SIP for growth.

Yes, most banks allow premature closure with a small penalty (often 0.5%–1% lower interest). Some also offer a loan or overdraft against the RD balance.

Banks usually levy a small penalty for each missed monthly deposit, and repeated defaults — often six in a row — can lead to the account being closed and the balance paid out with reduced interest. Keeping the standing instruction funded on your deposit date avoids this.

An RD gives a fixed return and deposit insurance up to ₹5 lakh, but its interest is fully taxed at your slab. A monthly SIP in a debt fund is market-linked with a little risk, yet can be more liquid and, held over three years or more, often more tax-efficient. Use an RD for certainty and short horizons, a debt fund for flexibility.

It is a decent forced-saving habit, but an emergency fund needs instant access — and breaking an RD early costs a penalty. A liquid fund or a sweep-in fixed deposit, which you can withdraw any day, is usually a better home for money you might need at short notice.

Yes — it is free, needs no sign-up, and runs entirely in your browser. Your inputs stay on your device unless you choose to speak with an Apex TechFin advisor.