MoneyVerse · Savings · Monthly Plans
Recurring Deposit (RD) in India
Learn how recurring deposits work in India and estimate RD maturity with a free calculator for monthly savings.
An RD lets you save a fixed amount every month and earn deposit interest — useful for short-to-medium goals like gadgets, travel, or festival budgets.
Compare RD with SIP: RDs are more predictable; SIPs can grow faster but with market risk.
- Pick tenure matching your goal date
- Automate monthly debit to stay consistent
- Check premature closure penalties
Tools & next steps
Frequently asked questions
RD or SIP — which should I choose?
Use RD for near-term goals needing stability. Use equity SIPs for long-term goals where you can tolerate market ups and downs.
Can I miss an RD installment?
Policies vary by bank. Some allow delayed deposits with penalties; repeated misses can close the RD. Read your deposit terms.
Is post office RD different from bank RD?
Both are recurring deposits with different rate schedules and rules. Compare tenure, interest and premature closure terms before choosing.
Related MoneyVerse topics
Educational content only — not investment, tax, or credit advice. Verify rates and rules with banks, SEBI-registered advisors, or official government sources.