Use the RD calculator below to know about the compound interest earned on your principal investment for your desired tenure.
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RDs secure your investments for you to achieve your desired short-term goals
No complexities, no hassle, no fuss. A simple-easy product to go with.
Want some emergency funds? Your RDs can prove to be useful investments!
Recurring Deposit Calculator by Motilal Oswal is an online tool to help individuals take a note of their savings and the interest that will be earned on it if saved in recurring period for 'n' number of years.
There is no minimum amount to start an RD. You can start with as low as Rs 500 per month for a designated period of time convenient to you.
Effective from June 1, 2015; TDS has been made mandatory for all recurring deposits. The TDS would be applicable only on the interest acquired on the deposit.
Yes, RDs can be withdrawn prematurely. Interest shall be paid until the day of closing. However, depending on your financial institution, there wil be certain penalty or exit fee applicable.