Axis Bank Recurring Deposit Calculator

The Axis Bank Recurring Deposit (RD) Calculator is a handy financial tool designed to help you estimate the returns on your recurring deposit investments. Just enter your monthly deposit, the duration of the investment, and the interest rate, and the calculator will instantly display the maturity amount and the interest you'll earn.

Unlike a SIP calculator, which uses expected market returns, the Recurring Deposit calculator uses a fixed interest rate to give you precise and reliable projections based on Axis Bank’s current Recurring Deposit rates. This makes it easier for you to plan your savings effectively and achieve your financial goals with confidence.

Advantages of Using the Axis Bank Recurring Deposit Calculator

1. User-Friendly Interface - The Recurring Deposit Calculator is extremely simple and convenient to use. Just enter your monthly investment amount, tenure, and interest rate to instantly view your total interest earned and maturity value.
2. Time-Saving- Manual calculations can be tedious and error-prone. The RD Calculator provides accurate results within seconds, saving you significant time and effort.
3. Aids in Financial Planning - With a clear view of your maturity amount and interest earnings, you can better plan your future expenses. It helps you figure out how much to invest regularly to achieve your financial goals.
4. High Accuracy - Accuracy matters when it comes to your money. The RD Calculator uses standard formulas and is error-free, ensuring precise and reliable results every time.
5. Easy Comparison - Since the Axis Bank Recurring Deposit Calculator gives instant results, you can quickly compare RD schemes from different banks to find the one offering the best returns and safety.
6. Completely Free to Use - There’s no cost involved, you can visit the Wishfin Axis Bank Recurring Deposit Calculator page and use them as many times as you like, absolutely free of charge.

Benefits of Axis Bank Recurring Deposit Calculator

1. Simple and Convenient to Use - Recurring Deposits are easy to open and manage, especially with online banking. Most banks allow you to open, monitor, and manage your Recurring Deposit online with just a few clicks, offering a seamless and user-friendly experience.
2. Time-Saving - With automated monthly deductions and online access, Recurring Deposit saves you time by eliminating the need for manual transactions and paperwork. You can set it once and let your savings grow without constant follow-up.
3. Encourages Disciplined Saving - Recurring Deposits promote a habit of consistent investing, as a fixed amount is automatically debited from your account at regular intervals. This eliminates the need for manual tracking and ensures regular savings.
4. Simple and Convenient to Start - Opening a Recurring Deposit is quick and hassle-free. You can easily open one through your bank’s online banking portal. You can also enable automatic transfers to make sure your monthly deposits are made on time.
5. Provides Liquidity with Easy Withdrawal - One of the key benefits of RDs is the option to withdraw funds before maturity, in case of emergencies. While premature withdrawals may attract a penalty or reduced interest, they offer useful liquidity when needed.
6. Ideal for Short-Term Financial Goals - Recurring Deposits are perfect for achieving short- to medium-term financial goals. Since the interest rate and maturity amount are predetermined, you can plan your savings accurately. A Recurring Deposit Calculator also helps you estimate your future returns and stay aligned with your financial goals.

Key Features of Axis Bank Recurring Deposit (RD)

1. Fixed Monthly Contributions - When you open a Recurring Deposit, you commit to depositing a fixed amount every month. This systematic investment approach helps inculcate a regular savings habit.
2. Flexible Investment Amount and Tenure - The minimum monthly deposit required varies across banks and can be as low as Rs 500. You can choose a deposit tenure ranging from 6 months to 10 years, depending on your financial goals.
3. Higher Returns than Savings Account- RDs offer better interest rates than regular savings accounts. In most cases, the interest rate is comparable to that of fixed deposits, making RDs a smart option for conservative investors.
4. Interest Payable at Maturity - Unlike savings accounts, the interest on a recurring deposit is not paid monthly. Instead, it is accumulated and paid along with the principal at the time of maturity.
5. Pre-Closure Facility Available - Most banks, including Axis Bank, allow you to prematurely close your Recurring Deposit before the original maturity date. However, this may attract a penalty or a lower interest payout than originally promised.

How to Use Wishfin Axis Bank Recurring Deposit Calculator?

• Access the Calculator - Go to the Wishfin Axis Bank Recurring Deposit Calculator.

• Enter Monthly Investment Amount – Specify the set amount you intend to contribute every month. This amount can range from Rs 500 to Rs 10 lakh, depending on your savings goals.

• Specify the Interest Rate - Provide the applicable annual interest rate offered by Axis Bank for the Recurring Deposit tenure you've chosen.

• Select the Investment Tenure - Choose the duration of your Recurring Deposit, which can vary from 6 months to 10 years. You can input this in months or years as per your preference.

• Review the Results - Once you've entered all the necessary details, the calculator will instantly display:

• • Total Invested Amount : The sum of all your monthly deposits over the chosen tenure.
  • Estimated Returns : The total interest you will earn over the investment period.
  • Maturity Value : The total amount you will receive at the end of the Recurring Deposit tenure, combining your principal and interest.

Formula for Calculating Axis Bank Recurring Deposit

Recurring Deposit Maturity Formula -

Maturity Amount (M)=P×1−(1+r/n)−1/n(1+r/n)nt−1​

Where:

• M = Maturity amount
• P = Monthly deposit (installment)
• r = Annual interest rate (in decimal form, e.g., 6% = 0.06)
• n = Number of compounding periods in a year (usually 4 for quarterly compounding)
• t = Tenure in years

Simplified Version (Quarterly Compounding – Most Common for Banks)

If interest is compounded quarterly (as is typical for RDs in India), the formula can be simplified to:

M=P×(1−(1+r/4)−1(1+r/4)4t−1​)

Axis Bank Recurring Deposit Interest Rates 2025

(Effective from 23rd April 2025)

Conclusion

The Axis Bank Recurring Deposit Calculator is a smart, easy-to-use tool that simplifies your financial planning by providing accurate estimates of your maturity value and interest earnings. Whether you're saving for a short-term goal or building a disciplined investment habit, this calculator empowers you to make informed decisions with ease. With real-time results, user-friendly design, and the flexibility to compare different plans, it’s an essential resource for anyone looking to grow their savings systematically and confidently.