RD calculator
A fixed amount every month for a fixed term. This tells you what it adds up to, and what a missed month costs.
Record this deposit once and the app does the rest: reminded before it matures, told the day TDS starts at that bank, and the rules of the product explained with your own numbers. Free, and your deposits stay on your phone.
Get it on Google PlayQuestions people ask
Why is the RD total lower than an FD for the same money?
Because the money arrives over time. Only the first instalment earns for the full term. An FD of the same total works from day one.
What happens if I miss a month?
Most banks charge a small fee per ₹100 of the instalment and add the month to the end. Some publish no fee at all. The post office charges ₹1 per ₹100 per month and closes the account after four defaults.
Can I close an RD early?
Yes, and you get the rate for the period held, less a penalty. Some banks pay only the savings rate if you close in the first few months.
Is RD interest taxable?
Yes, the same as FD interest, and it counts towards the same per-bank TDS limit.
Does a late instalment move the maturity date?
At most banks the term stays the same and the fee is deducted from the maturity amount. At the post office the account can be extended by the number of defaults.