RBL Bank Recurring Deposit Calculator

The RBL Bank Recurring Deposit Calculator is an easy-to-use online tool that helps you estimate the maturity amount and interest earnings on your recurring deposit with RBL Bank. By entering details like the monthly deposit amount, tenure, and applicable interest rate, you can quickly calculate how much your savings will grow over time. This calculator simplifies financial planning by providing clear projections, helping you make informed decisions about your investments.

RBL Bank Recurring Deposit Calculator Benefits

• Accurate Financial Planning: Helps you estimate returns precisely, allowing better goal setting for future expenses like education, travel, or emergencies.
• Customizable Inputs: You can try different combinations of deposit amounts, tenures, and interest rates to see what works best for your savings goals.
• Instant Comparison Tool: Allows you to compare multiple RD scenarios and identify the most rewarding option based on your budget and timeline.
• Zero Cost Tool: The calculator is completely free to use, with no sign-up required—ideal for both new and experienced investors.
• Accessibility Anytime: Available online 24/7, enabling you to plan your savings conveniently from home or on the go.

Benefits of RBL Bank Recurring Deposit

• Easy investment option with competitive returns.
• Convenient payment options, including automatic deductions via standing instructions from your savings account.
• Nomination facility for added security and peace of mind.
• Deposit tenure options range flexibly from 6 months to a maximum of 10 years.
• Facility to open and manage deposits seamlessly through online channels like Net Banking and Mobile Banking.

How to Use Wishfin RBL Bank Recurring Deposit Calculator?

Using the Wishfin RBL Bank Recurring Deposit (RD) Calculator is a straightforward process that enables you to estimate the maturity amount and interest earnings on your RD investments. Here's a step-by-step guide:

• Access the Calculator: Search for the Wishfin RBL Bank Recurring Deposit Calculator

• Enter Monthly Investment: Input the amount you plan to deposit each month. The calculator typically accepts amounts ranging from ₹500 to ₹10 lakh.

• Specify the Interest Rate: Enter the applicable annual interest rate offered by RBL Bank for your chosen tenure.

• Select the tenure: Select the time duration for your RD investment. You can specify the tenure in months or years, ranging from 6 months to 10 years.

• View Results: The calculator will display the following:

1. • Invested Amount : The Total sum of all monthly deposits over the selected tenure.
   • Estimated Returns : Total interest earned over the investment period.
   • Total Value : Sum of the invested amount and the estimated returns, representing the maturity amount.

The RBL Bank Recurring Deposit Calculator is used to calculate the expected maturity value and interest earned on an RD by entering details such as monthly deposit, duration, and applicable interest rate.

Formula for Calculating RBL Bank Recurring Deposit

Recurring Deposits (RDs) are a disciplined way to invest small amounts monthly and earn interest over a fixed tenure. The RBL Bank Recurring Deposit Calculator uses a standard formula to compute the maturity amount based on your monthly investment, tenure, interest rate, and compounding frequency.

Standard Recurring Deposit Maturity Formula - A = P × (1 + R/N) ^ (N × T)

Where:

• A = Maturity amount
• P = Monthly deposit (installment)
• R = Annual interest rate (in decimal)
• N = Compounding frequency (usually 4 for quarterly)
• T = Tenure in years

This formula gives an approximate value of the final amount you will receive at the end of the term.

Alternate Formula (Used for quarterly compounding):

When interest is compounded quarterly (which is common in India), banks may also use this formula:

M = R × [(1 + i)^n – 1] / [1 – (1 + i)^(-1/3)]

Where:

• M = Maturity value
• R = Monthly deposit
• i = Interest rate divided by 400 (that is, R divided by 400)
• n = Number of quarters in the tenure

Note: This version accounts for quarterly compounding and staggered contributions made monthly.

Advantages of Using the Recurring Deposit Calculator

Using a Recurring Deposit calculator offers several practical benefits for individuals planning to grow their savings systematically:

• Provides Accurate Estimates - The RBL Bank Recurring Deposit Calculator gives precise maturity and interest amounts based on your monthly investment, tenure, and applicable interest rate, eliminating the risk of manual errors in complex calculations.

• Saves Time and Effort - No need to use financial formulas or spreadsheets. Just enter a few details and the calculator instantly displays your expected returns, making it quick and user-friendly.

• Helps in Better Financial Planning - By showing how much your recurring deposit will grow over time, the tool allows you to set realistic savings goals and prepare for future expenses such as education, travel, or emergencies.

• Easy Comparison Across Tenures and Rates - You can try different combinations of deposit amounts, interest rates, and tenures to choose the most rewarding RD plan, whether with the same bank or across multiple banks.

• Convenient and Free to Use - Most RD calculators, including the Wishfin Recurring Deposit Calculator, are available online at no cost. You can access them anytime, anywhere from your smartphone or computer.

RBL Bank Recurring / Smart Recurring Deposit Interest Rates 2025

(For deposits below ₹3 crore, effective from April 25, 2025)

Note:

• Interest rates apply to Domestic, NRO, and NRE Recurring Deposit accounts as specified.
• Senior citizens enjoy an additional 0.50% interest across all tenures.
• NRE deposits are applicable only for tenures of 1 year and above.
• For the most up-to-date rates, it’s recommended to clear your browser cache/cookies before accessing the official RBL Bank website.

To open an RBL Bank Recurring Deposit account, visit the official RBL Bank website and follow the application process.

Conclusion

The RBL Bank Recurring Deposit Calculator is a simple yet powerful tool by entering key inputs such as monthly deposit amount, tenure, and interest rate, users can instantly view the potential returns on their Recurring Deposit investment.

Whether you're saving for a future goal or comparing plans across tenures, this calculator ensures accurate, quick, and hassle-free financial planning. It is especially useful for salaried individuals and disciplined savers looking to build a corpus through small monthly investments. In short, it simplifies your investment journey and helps you make informed decisions with confidence.