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Building Wealth One Month at a Time
Not everyone has a massive lump sum sitting around to put into a Fixed Deposit. That's where Recurring Deposits (RDs) shine. If you are a salaried individual, an RD forces you into a brilliant habit: saving a fixed chunk of your income the moment it hits your account.
How the RD Math Works
An RD is basically a series of small FDs. Your first month's deposit earns interest for the full tenure, but your last month's deposit only earns interest for one month. Because of this staggered structure, the math gets complicated fast.
Save yourself the headache and try our RD Calculator. It perfectly simulates this staggered quarterly compounding and gives you the exact maturity payout you can expect.
Frequently Asked Questions
Generally, no. Traditional RDs require a fixed monthly amount. If you want flexibility, look into Flexi-RDs offered by certain banks.