Is a ₹6,000 monthly RD good for a 1-year short-term goal?
Based on these numbers, this RD matures to about ₹74,572 — ₹2,572 in interest on ₹72,000 deposited.
What is an RD calculator?
An RD (Recurring Deposit) calculator estimates the maturity value of monthly deposits, using the quarterly-compounding formula that Indian banks apply to RD accounts.
Compounding frequency varies by bank
RD interest is generally compounded quarterly, matching most banks’ convention — but this does vary, so check your RD’s terms and adjust the compounding frequency here if your bank compounds differently.