What is RD?
Recurring deposit is special kind of term deposit wherein it allows to make fix monthly investment and earn interest thereon. Investors can select the minimum monthly payment and the length of the deposit. RDs are the perfect tool for investing and saving.
How to use RD calculator?
Step 1: Enter information i.e Monthly investment, Rate of Interest and Time period for which RD is availed
Step 2: You will get Maturity amount, Interest earned and Total amount of investment
Benefits
Benefits of RD
Collateral for taking loan
Higher rate of interest as compared to Savings account
Minor can also have RD account
Nominal minimum deposit
Fixed rate of interest
Guaranteed returns
Loan withdrawal
Senior Citizen benefit
Unlimited Sales Invoice
Unlimited Quotation
Unlimited Purchase Order
Basic Reports
FAQs
What is the minimum amount to invest in RD?
What is the minimum time period to invest in RD?
What is the average rate of return in RD?
What is better option to invest RD or FD?
Which offers higher rate of interest FD or RD?
What is the minimum time period for which one can invest in SIP?
Is the interest earned on RD interest is taxable or exempt?
Is TDS applicable on RD?
What happens if we withdraw RD before maturity?
What happens if monthly investment in RD in not deposited in time?
What is partial withdrawal of RD?
What is the limitation of RD?
What are the tax benefit of investing in RD?
How can I withdraw RD?
What is the ideal tenure to invest in RD?
