Recurring Deposite

A Recurring Deposit, commonly known as RD, is a special kind of term deposit offered which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. It is an investment tool which allows people to make regular deposits and earn decent returns on the investment. Due to the regular deposit factor and an interest component, it often provides flexibility and ease of investments to users/individuals. However, it is essential to know that RDs are different from Fixed Deposits/FDs . RDs are flexible in most aspects. An RD account holder can choose to invest a fixed amount each month while earning decent interest on the amount. RDs are an ideal saving-cum-investment instrument. Recurring Deposit schemes aim at inculcating a regular habit of saving in people


Features of a Recurring Deposit Account


  • You could invest with an amount as small as Rs. 500/-
  • The minimum period of deposit is 1 year, while the maximum period of a deposit is 5 years
  • The rate of interest is equivalent to that offered for a Fixed Deposit. Therefore, the interest rates are higher than Savings Account.

RD S2 - 24 Month


MLY QTY HLY YLY Total Deposit Amt. Maturity AMT. 10.50% Senior Citizen or Woman +0.5%
1000 3000 6000 12000 24000 26810 26953
1200 3600 7200 14400 28800 32172 32344
1400 4200 8400 16800 33600 37534 37735
1600 4800 9600 19200 38400 42896 43125
1800 5400 10800 21600 43200 48258 48516
2000 6000 12000 24000 48000 53620 53907
4000 12000 24000 48000 96000 107240 107814
6000 18000 36000 72000 144000 160859 161720
8000 24000 48000 96000 192000 214479 215627
10000 30000 60000 120000 240000 268099 269534

RD S3 - 36 Month


MLY QTY HLY YLY Total Deposit Amt. Maturity AMT. 11% Senior Citizen or Woman +0.5%
500 1475 2950 5925 18000 21406 21579
600 1770 3540 7110 21600 25687 25895
700 2065 4130 8295 25200 29968 30211
800 2360 4720 9480 28800 34250 34526
900 2655 5310 10665 32400 38531 38842
1000 2950 5900 11850 36000 42812 43158
2000 5900 11800 23700 72000 85624 86316
3000 8850 17700 35550 108000 128436 129474
4000 11800 23600 47400 144000 171248 172632
5000 14750 29500 59250 180000 214060 215790

RD S4 - 48 Month


MLY QTY HLY YLY Total Deposit Amt. Maturity AMT. 11.50% Senior Citizen or Woman +0.5%
500 1475 2950 5925 24000 30583 30917
600 1770 3540 7110 28800 36699 37100
700 2065 4130 8295 33600 42816 43284
800 2360 4720 9480 38400 48933 49468
900 2655 5310 10665 43200 55049 55651
1000 2950 5900 11850 48000 61166 61835
2000 5900 5900 11800 96000 122332 123670
3000 8850 8850 17700 144000 183497 185504
4000 11800 11800 23600 192000 244663 247339
5000 14750 14750 29500 240000 305829 309174

RD S5 - 60 Month


MLY QTY HLY YLY Total Deposit Amt. Maturity AMT. 12%
500 1475 2950 5925 30000 41243
600 1770 3540 7110 36000 49492
700 2065 4130 8295 42000 57740
800 2360 4720 9480 48000 65989
900 2655 5310 10665 54000 74238
1000 2950 5900 11850 60000 82486
2000 5900 5900 11800 120000 164973
3000 8850 8850 17700 180000 247459
4000 11800 11800 23600 240000 329945
5000 14750 14750 29500 300000 412432

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