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Are you looking to invest in a Recurring Deposit (RD) and want to understand the potential returns? Vance's RD Calculator is the perfect tool to help you plan your investments effectively and make the most of high-yielding interest rates offered by banks and post offices.

Understanding the RD Calculator

Vance's RD Calculator is a financial tool designed to calculate the maturity value of your RD investment. It gives you a clear picture of the interest income you can expect, factoring in the deposit amount, interest rate, and investment tenure.

How the RD Calculator Functions

The RD calculator works by computing the maturity value of your RD, taking into account the quarterly compounding of interest. Initially, it uses simple interest, and then it switches to compound interest. This method ensures precise calculation of your returns.

RD Calculation Formula:

M = R[(1+i) (n-1)]/1-(1+i)(-1/3))

  • M: Maturity value
  • R: Monthly investment
  • n: Number of quarters
  • i: Annual interest rate


Investing ₹5,000 monthly in an RD scheme at an 8% annual rate for 24 months (8 quarters) would yield a maturity value of approximately ₹1,26,369.

Steps to Use Vance's RD Calculator:

  1. Enter Monthly Deposit: Set the amount you plan to invest each month.
  2. Adjust Interest Rate: Input the annual interest rate.
  3. Set Investment Tenure: Choose the duration for your RD.
  4. Calculate: The tool computes the total investment value at maturity.

Advantages of Using Vance's RD Calculator

  • Comparative Analysis: Compare various RD schemes for the best fit.
  • Financial Goal Planning: Estimate monthly deposits to reach your financial targets.
  • User-Friendly Interface: Easy to use and accessible online.
  • Time-Efficient: Quick calculations save time over manual methods.
  • Accuracy: Provides precise results, reducing the risk of human error.
  • Cost-Free Tool: Available at no charge for unlimited use.


Before diving into a recurring deposit, leverage Vance's RD Calculator to understand your potential returns. This tool simplifies the calculation process, ensuring you can make an informed decision about your investment.

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Frequently Asked Questions

What is the difference between an RD and an FD?

An RD allows you to deposit a fixed amount every month for a set period, whereas an FD requires a lump sum deposit at once. RDs are ideal for regular savings, while FDs are suitable for investing a one-time amount.

Can I change the monthly deposit amount in my RD?

Typically, the monthly deposit amount in an RD is fixed and cannot be changed once set. You need to open a new RD for a different amount.

Is there a minimum amount required to open an RD?

Yes, banks have a minimum deposit requirement for opening an RD, which can vary but is generally quite low, making RDs accessible to most savers.

Does premature withdrawal of RD affect interest rates?

Yes, premature withdrawal of RD usually results in a lower interest rate than the original agreed rate and might also attract penalties.

Are senior citizens offered higher interest rates on RDs?

Yes, many banks offer higher interest rates on RDs for senior citizens compared to the general public.

What happens if RD maturity amount is not withdrawn immediately?

If the RD maturity amount is not withdrawn, it typically earns interest at the savings account rate or may be rolled over for a new term, depending on the bank’s policy.
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