since regular investments are involved in recurring deposits, manual calculations to find out the returns are not so easy. that’s where this calculator helps.

rd or recurring deposit calculators are used to find the recurring deposit returns without any hassle. using an rd calculator can save a lot of time and also helps in finding out accurate results. 

insert values like monthly investment, rate of interest, time period. you can fill those values by tying or using sliders. 

it will show total investment, interest earned, and maturity value after filling the required fields.

investments on recurring deposits are compounded on a quarterly basis. so, it becomes complicated if you want to calculate the interests. but don’t worry, we got you covered. in this article, we will show how recurring deposit interests are calculated.

here is formula to calculate the interest for

1 month = 1 month = (interest of one day) * 30

let us assume ravi invested in a bank that offers an annual interest rate of 8%. now, using the above formulae, let’s try to calculate the interest that he can earn in 1 day, 1 week, 1 month and 1 year.

let us say ravi invested an amount of ₹10000/- 

so, the interest for 365 days on his ₹1000 = (amount/100)*8 = (10000/100) * 8 = ₹800

for 1 day=(annual percentage*amount)/365 = (8%*10000)/365 = (8*10000)/(365*100)=₹2.19

for 1 week = (interest of one day) * 7 = 2.19 * 7 = ₹15.34

similarly for 1 month = (interest of one day) * 30 = ₹65.7

how is recurring deposit interest calculated?

investments on recurring deposits are compounded on a quarterly basis. it is always better to plan the investments using a rd calculator. it gives you an idea about the maturity amount and interest rates. to calculate the maturity amount, use the below formula.

r = recurring interest rate in decimals (divide the interest rate with 100)

n = compounding frequency (number of quarters)

here is an example for easy understanding

let us say ravi starts investing ₹10000 in a recurring account for a tenure of 1 year (4 quarters). the interest rate that his rd account offers is 8%. now let us use the above formula to calculate the final maturity amount.

maturity amount = 10000*(1+ (0.08/4)) ((4*12)/12) = ₹10824.32

		    = 10000*(1+ (0.08/4)) ((4*11)/12) = ₹10753.10

similarly we need to calculate for all remaining months till 1 month

calculation for 1st month look like this = 10000*(1+ (0.08/4)) ((4*1)/12) = ₹10626.58

if you sum like above for all the months the total maturity amount that you will arrive at is ₹1, 25,293/-

how to calculate the recurring deposit maturity amount?

calculating the returns from a recurring deposit is quite complicated. the formula itself contains several variables that have to be changed every month to arrive at the final amount. the manual calculation is tough and time-consuming, and that is where an investor can use an rd calculator to do the same task in a matter of seconds.

now let us see the benefits of using the CRED rd calculator.

as we already mentioned, it is complicated to do the calculations manually. these tough computations can be eliminated by using our rd calculator.

since the computer programme is taking care of the calculations, there is no chance of errors; if done manually, there is a high error probability.

rd calculator are fast and thus, save a lot of time. as soon as the required variable like interest rate, time period, and the investment amount is entered, the CRED rd calculator shows the results like the total investment, total interest earned, and maturity amount in a fraction of a second.

because of the clean user interface, this rd calculator is very easy to understand. most of the calculators provide both a slider and a typing option to enter the required values.

recurring deposits (rd) are one of the safest investment options. rds inculcate the investment habit among investors. since the investment amount is compounded every quarter, recurring deposits offer good returns over some time. it is always better to plan the recurring deposit investments using rd calculators. the returns of recurring deposits are higher than fixed deposits if invested with discipline.

most banks offer recurring deposits, but these interest rates change from bank to bank and may vary from time to time based on the benchmark rates. the interest rates are based on per annum.

here is the formula used to calculate the maturity amount of recurring deposits:

p = principal, r = interest rate, n = compounding frequency, t = tenure

as of march 2021, the recurring deposit interest rates offered by some of the top banks like icici, hdfc, state bank of india and axis bank are 6.2-6.4%, 6.3%, 6.0%, 6.4-6.5%, respectively.

the following table shows interest rates of some other banks:

what are the different interest rates offered by top banks?

recurring deposits are one of the safest and best investment options, which inculcate a habit of regular investments in the investors. in india, many banks offer recurring deposits whose interest rates vary from 4 to 7.5%. the minimum amount that one can invest in an rd account is ₹10. the minimum and maximum tenure to open a bank rd are 6 months and 10 years, respectively. the invested amount is compounded on a quarterly basis. in recurring deposits, premature and midterm withdrawals are not allowed. in case of premature withdrawal, some amount will be charged as a penalty.

what are the minimum and maximum tenures to open a bank rd?

reserve bank of india interest rate policy is the primary factor that affects the interest rate (including recurring deposit interest rates). rbi revises the interest rates every 3 months. rbi considers many factors like inflation, country economy stability etc., before revising the rates. in case of an economic downturn, rbi reduces the interest rate. this is bad for recurring deposit investors but good for businesses. in the case of good economic conditions, it will increase the rate. this scenario is good for rd depositors because they get more returns because of high rates.

banks have the freedom to set their interest rate for their customers. but due to competition and interest rate policy, banks can’t offer the rate they wish to.

what are the factors affecting recurring deposit interest rates?

the interest amount earned on the recurring deposit is not exempted from income tax. even section 80c doesn’t cover it. that means income tax has to be paid. the income tax department sets different buckets for income from various sources. they are:

rd interest income comes under “income from other sources”.  so, while filing itr, you need to add interest income under it. tds is deducted only if the income from recurring deposit interest crosses ₹40000. bank will deduct 10% on the interest income if it is above ₹40000.

how to pay income tax on recurring deposit interest income?

fixed and recurring deposits are two of the safest investment options chosen by most investors. but there are differences between them. as the name itself suggests, a fixed deposit is a deposit that can be made only once. that means an investor cannot invest money in his fixed deposit account at regular intervals. on the other hand, the recurring deposit is quite the opposite. investors can invest money in regular intervals till maturity. the investment tenure for a fixed deposit account ranges from 7 days to 10 years, but it ranges from 6 months to 10 years for recurring deposits. the interest rate for fixed deposits is constant, but for recurring deposits, it changes based on various factors.

what are the primary difference between recurring deposit & fixed deposit?

rd calculator faqs
1: is tds applicable to rd interest?

yes, recurring deposit interest income is taxable, and it comes under “income from other sources.”

rd tenure ranges from 6 months to 10 years.

3: what is the minimum amount required to start an rd?

one can start an rd account with an amount as low as ₹ 500 with most of the banks. but it varies with different financial institutions. 

4: are there any benefits for senior citizens?

senior citizens are paid with higher interest rates than the general public.

5: shall i be charged with a fine for breaking rd prematurely?

6: how often is the rd amount compounded?

rd investments are compounded on a quarterly basis.

7: what is the minimum monthly investment?

Use our RD calculator to calculate interest rate and maturity value of your recurring deposit. Learn how much you can save by making regular monthly deposits to a savings plan.

RD Calculator - Recurring Deposit (RD) Calculator Online India - CRED

recurring deposits (rd) are one of the investment instruments offered by many banks. it is similar to fixed deposits, but as opposed to fixed deposits, you can deposit your money in recurring installments.

Check out this Recurring Deposit calculator I found on CRED. It helps you calculate the recurring deposit returns without any hassle.

earn up to ₹1000 cashback by paying your credit card bill on CRED

https://app.cred.club/k63y/recurringdeposit

calculating the maturity of fds is a complicated process, which involves several variables, with the help of an fd calculator, since it provides you with precise statistics.

it allows you to save a significant amount of time while doing these complicated calculations.

you may use a fixed deposit return calculator to evaluate the maturity amounts and interest rates of various financial firms' fds. if you have all of the numbers in front of you, you will make a more informed decision.

here is a step-by-step guide for using the fd calculator:

use only a dependable online fd interest calculator, such as the one provided by CRED.

pick the consumer type, which varies depending on the issuer.

choose between cumulative and non-cumulative deposit options for maximum returns at maturity and periodic returns.

choose a tenor on your fixed deposit, which will vary from 12 to 60 months, depending on your needs.

the maturity amount and gross interest paid on your fixed deposit will be automatically shown on the fixed deposit calculator. you should experiment with various tenors and deposit amounts to see if the maturity amount and interest received charges change over time. this will help you properly prepare your fd investments and predict your returns before you invest.

a fixed deposit (fd) is a secure way to save and expand your money. the rate of interest on your deposit is calculated by the tenure you choose, as well as the frequency at which the interest is charged.

the fd method for calculating interest is:

for example, Ram has invested ₹20,000 for 6 years at a 20% interest rate, then at the time of maturity.

a = 20,000 (1.025) ^ (24) = ₹26,898 (approximately)

compound interest (ci) earned over 6 years = maturity amount – principal amount.

how is the return on a fixed deposit calculated?

the following steps should be taken to measure the maturity level of a fixed deposit using the fd interest rate calculator:

the customer must choose between two customer types: normal or senior citizen.

choose either a cumulative or interest payout (quarterly/monthly) or short term fixed deposit.

choose the fd's required tenure, either in years/months/days, or in days only.

the customer is shown the relevant interest rate, interest level, maturity date, and maturity amount.

how to calculate fixed deposit maturity amount?

many variations exist while calculating the maturity number on your fd fund, making it a time-consuming process.

a fixed deposit interest calculator, also known as an fd calculator, instantly calculates the balance you will earn when the fd matures for your deposit amount, after taking into account the appropriate rate of interest with your selected fd scheme and tenure.

the CRED fd calculator is simple to use and completely free:



enter the number you want to put into your fd. 

calculate the length of time you want to spend in months.

you may also utilise our fixed deposit calculator to compute maturity amounts with different tenures and interest rates.

computing the maturity number on your fd investment is a complicated equation that requires several variables. you can use a CRED fd calculator to:

calculate the balance you'll get when your fd matures for the amount you've put in.

make a comparison of the maturity amounts and available rates of interest for different fd schemes. 

you can select the tenures to make an educated decision when finalising an fd purchase.

however, keep in mind a few limits when using the CRED fd calculator, as mentioned below:

since tds deductions are applicable, the maturity number measured is just an estimate.

if you make early withdrawals, the expected sum will adjust.

the majority of fd calculators only function when you have a functioning internet connection.

as of march 2021, the following are the most recent interest rates proposed by top banks for terms ranging from 7 days to 10 years.

what are the different interest rates offered by banks? 

for the general public, idfc bank proposes the highest fd interest rate of 5.75 per cent p.a. for a 500-day period. the interest rate for senior citizens is 0.50 per cent higher.

the highest fd rate among india's well-known banks is 7.00 per cent per annum, which indusind bank provides for terms ranging from 7 days to 10 years to the general public.

for senior citizens, indusind bank provides the maximum fixed deposit rate of 7.50 per cent for periods ranging from 7 days to 10 years.

best fixed deposit rates in india among india's popular banks

compounding is beneficial to an accumulated fixed deposit investment. while investing in accumulated fds, the interest received for the first year is clubbed with the principal amount of the second year, on the basis of which the interest is measured.

as a result, the amount of interest accrued grows with each passing year. however, remember that the accumulated fixed deposits can only be redeemed at the end of the term.

it gives you the possibility of collecting monthly interest payments. you can select if you are looking to earn payouts every month, every six months, or yearly. non-cumulative fixed deposits, on the other hand, give lower total interest owing to the lack of compounding.

if you know you'll need money regularly, it's a smart idea to sign up for this fixed deposit option.

what is the difference between cumulative & non-cumulative payout options?


several considerations affect banks' decision to lower or raise fixed deposit rates, including the following:

the rate of inflation: it is related to deposit rates. depositors should expect good returns from banks. as a result, borrowers should hold an eye on the rate of inflation, which affects loan rates. even though depositors have negative returns due to high inflation, banks seldom lift deposit rates, because it will affect their bottom line.

liquidity situation: banks do not need to rely on retail fixed deposits for their needs if liquidity is sufficient, as opposed to periods when liquidity is scarce and banks must rely on their deposits.

conditions of supply and demand: when there is less need for loans, banks can often increase fixed deposit rates. banks, on the other hand, lift fixed deposit rates when credit demand is high.

what are the factors affecting fixed deposit interest rates?

when is the bank not liable to deduct the tds?

if the gross interest revenue from your total fixed deposits with the financial institution is under ₹40,000 per annum, the bank cannot subtract any tds.

the cap for a senior citizen is ₹50,000, whether he or she is 60 years old or older. alternatively, you can calculate the interest income using the fixed deposit calculator.

tds is deducted at a rate of 10% by the bank.

the bank measures the annual interest gain from all of your fds for them. you will be entitled to a 10% tds deduction if your interest income reaches ₹40,000. (₹50,000 in the case of senior citizens). the rest of the time, you should use the fd calculator to figure out how much interest you've received.

tds is deducted at a rate of 20% by the bank.

if you do not give your bank your pan number, they will subtract 20% tds from your account. as a consequence, double-check that your pan number is on file with the bank.

how to pay income tax on fixed deposit interest income?

1: what information is needed to use an fd calculator?

the fd calculator can be used to compute the maturity value of an amount deposited using information such as the deposited money.

2: what is the formula for calculating a fixed deposit?

a = p(1+r/4/100)(4*n) is the formula for calculating the maturity amount of a cumulative fd; where a id the maturity amount, p is the principal amount invested, r is the rate of interest, and n is tenure.

3: what is the smallest deposit amount which can be made into an fd account?

the minimum deposit level in an fd account is ₹1,000; however, there is no upper limit to the amount you can deposit.

4: are there any additional fixed deposit advantages for senior citizens?

yes, senior citizens benefit from higher interest rates on their savings accounts.

here are the steps to use the fd interest rate calculator -

choose the preferred tenor of the fixed deposit.

you will then automatically see the interest amount and total amount earned at maturity.

Fixed Deposit Calculator Online: Use our easy to use FD calculator to calculate the maturity and interest amount you can earn on your FD investment. 

FD Calculator | Calculate Fixed Deposit Interest Rate Online – CRED

Use our easy to use fixed deposit calculator to calculate the maturity and interest amount you can earn on your FD investment. Visit us to know more.

FD Calculator, Calculate Fixed Deposit Interest Rate Online – CRED

calculating an fd's maturity level can be a difficult and time-consuming task. however, it is possible to calculate it without cracking a sweat, using an online fd calculator.

Check out this Fixed Deposit calculator I found on CRED. It helps you calculate the the maturity amounts and interest rates.

owning a car gives you a unique social status. other than the prestige factor, it is a convenient means of transport for you and your family.

you don't need to be wealthy or scrimp and save to buy a car anymore. car loans are available where you can repay the amount in easy monthly instalments called equated monthly instalments (emis).

cars became cheaper in india in early 2020, with the union government reducing goods and services tax (gst) from 28% to 18%, which made buying a car an even more attractive proposition.

most banks have tie-ups with car dealers for setting up loans for customers who approach the dealers to buy cars. once the customer has chosen a model, the bank representative will set up a car loan for the customer.

the customer makes a down payment against the cost of the vehicle, and the bank lends the remaining amount. the rate of interest is fixed (typically 7% or 8%) but the customer can decide on the term (no of years) of the loan.

if you buy a car on loan, you will have to pay a regular emi to pay off the loan over an agreed number of months or years. to know how much emi you have to pay each month, a car loan calculator is the most popular tool. it takes information like the loan amount, the rate of interest, and the loan duration. it uses this information to calculate the emi in a fraction of a second internally.

apart from the emi amount, a car loan calculator also gives you a breakup of the principal and interest amount payable, thus providing the borrowing's total cost. most calculators also provide a graphical representation of these calculations. a car loan eligibility calculator can also check your loan eligibility amount.

to find out more about your probable loan interest cost and your regular emi amount, you can use cred's user-friendly and informative car loan emi calculator.

emi stands for equated monthly instalment. it is the total amount you have to repay against your car loan or any other loan, at a monthly interval. it comprises the principal portion of the loan and the interest charged.

mathematically, a car loan emi is calculated using the formula - p x r x (1+r)^n / [(1+r)^n-1]. here p is the principal loan amount, r is the interest rate, and n is the monthly installments. however, the more straightforward method of calculating it is through an online car loan calculator.

if you want to find out your car loan emi and compare different emi options, use cred’s car loan emi calculator.

using this online calculator is relatively easy, as long as you pay attention to the information you are inputting. 

bear in mind that the amounts can be considerable, typically in lakhs, so you should enter the information carefully.

the two single most important numbers are the term and the loan amount. a higher loan amount will increase the emi. the shorter the term, the higher the emi and vice-versa. you can vary the numbers to reach a convenient figure.

be aware that because the source of these calculators is different banks, the interest rates may vary. hence, your results may vary slightly from one calculator to another for the same set of variables.

the car loan emi is calculated using a complex mathematical formula. doing this calculation manually can be a hassle for any person. however, you can use an online car loan calculator to get this answer.

a car loan calculator provides you with the emi amount in a matter of minutes.

these calculators calculate the amounts digitally and are therefore accurate and reliable.

these calculators can be reset easily so you can enter multiple loan options and compare them.

online loan calculators help us in deciding our affordability and monthly budget by providing the exact emi amount.

most calculators also provide graphical representation which provides you with a breakup of the principal and interest portions.

you can also find out the total interest you need to pay during your loan duration.

use the cred car loan emi calculator to find out more about your car loan emi.

how car loan emi calculator can help you?

you may ask why you need an online emi calculator if the lender is anyway going to do all the calculations. 

first off, there is tons of competition between car loan providers. you can get the best deal by trying out the calculators of different lenders. no lender will tell you that they are more expensive than others.

the most crucial benefit that you get from a car loan emi calculator is that it helps you set your expectations about car finance before you even start the process. 

there can be a considerable disparity between lenders concerning the interest rates. you can’t change the interest rate of a particular provider, but you can select the provider with the lowest rates.

car loan emi interest rates are primarily of two types, fixed and floating. fixed-rate remains fixed during the loan tenure, while a floating rate may change depending on changes in the financial market. even when you choose one of these two, the interest rate will vary from lender to lender. a car loan calculator gives the exact emi liability, while you can check your eligibility using a car loan eligibility calculator.

the fixed interest rate may be higher than a floating rate, but it has no risk of rate escalation and the borrower can be sure of his exact loan liability. if the financial market is favorable, a floating rate of interest can be a profitable option. it will go up later if the mclr increases.

to know how much emi you have to pay for the offered rate of interest, check the cred car loan eligibility calculator.

what are different car loan emi interest rates?

the car loan emi that you pay has two components, principal and interest. the amortization schedule outlines how much of your regular emi amount is charged as interest and how much goes towards reducing your principal amount. for the total breakup of principal and interest amount, use the cred car loan calculator.

what is the amortization schedule for car loan emi?

when you take a vehicle loan, you do so for a particular amount at a specified interest and loan tenure rate. if you wish to pay the remainder of the loan in one go during the loan tenure, you would be prepaying your vehicle loan. use the cred car loan eligibility calculator to check your emi.

to sum up, the car loan emi calculator has multiple advantages as follows:

compare the emis of different brands and models.

have the upper hand over the loan provider.

get the lowest interest – the car remains the same, no matter who your loan provider may be.

if you wish to buy a car on loan today, first of all, try out online emi calculators of different loan providers. 

keep these calculators accessible to you, and you will be surprised at how helpful they can be in giving you the information you need for your purchase.

use a car loan calculator to help you in your car purchase

1. are there any tax benefits like a home loan? 

no. car loans do not have any tax benefits like home loans. 

2. is collateral required while applying for a car loan? 

you don't need any collateral for your car loan. however, you do need to have the car's registration certificate (rc). the rc endorsed by the bank is later on canceled on the repayment of the loan. 

you can use a car loan calculator for calculating your emi.

4. what is the maximum tenure of a car loan?

the maximum tenure of the car loan is 7 years. 

age proof, identity proof, and address proof for kyc 

itr with audit reports (of 2 last financial years)

Car Loan EMI Calculator Online: Use Car Loan Calculator to check car loan EMI on basis of Car Price, Interest Rate and Monthly Tenure on CRED.

Car Loan EMI Calculator | Car Loan Calculator Online - CRED

car loan calculators are a simple way of finding out your emi burden for a particular loan amount. it considers the loan duration and interest rate and instantly provides the emi amount and total interest. car loan calculators help you make the right loan decision

Check out this car loan calculator I found on CRED. It helps you calculate the ideal EMI you should pay for your dream car easily.

compound interest is the “interest on interest.” unlike simple interest, it also takes into account the interest earned by the investor to date.

here is the compound interest formula –

mr xy invested rs. 1,00,000 bearing an interest rate of 12% that compounds monthly. what would be his interest for the entire year?

compound interest – ₹1,00,000 * (1 + 0.01)12 – ₹1,00,000 = ₹12,680

so, mr. xy earned ₹12,680 for the entire year by investing ₹10,0000.