◔RD calculator

In India, RDs use quarterly compounding. Each monthly deposit earns interest only for the months remaining until maturity, so the first deposit grows the longest and the last deposit grows the shortest.

Yes, but most banks levy a 1% penalty on the applicable rate. The effective return drops sharply for premature exits, especially in the first 12 months.

RDs offer guaranteed returns at 6.5–7.5%; equity SIPs target 11–14% CAGR but carry market risk. For short-term goals (<3 years) prefer RD; for long-term goals (>5 years) SIPs typically win convincingly.

Yes — fully taxable at your slab rate. TDS is deducted by the bank if interest crosses ₹40,000/year.