At maturity₹1.43 lakh
- Deposits₹1,20,000
- Interest₹22,732
ମାସକୁ ଟିକେ ଟିକେ, ଶେଷରେ ଗୋଟେ ମୁଠା।A little every month, a handful at the end.
₹2,000 a month for 5 years gives you about ₹1.43 lakh.
You deposit ₹1,20,000; ₹22,732 is interest.
Year by year
| Year | Deposited | Interest | Value |
|---|---|---|---|
| 1 | ₹24,000 | ₹884 | ₹24,884 |
| 2 | ₹48,000 | ₹3,478 | ₹51,478 |
| 3 | ₹72,000 | ₹7,898 | ₹79,898 |
| 4 | ₹96,000 | ₹14,272 | ₹1,10,272 |
| 5 | ₹1,20,000 | ₹22,732 | ₹1,42,732 |
These figures are estimates from the numbers you enter. Returns are not promised, and tax is left out unless stated. This is education, not investment advice.
How this is worked out
Each monthly instalment is treated like a small FD that runs until maturity. The first one earns interest for the full term, the last one for a single month. Interest compounds every quarter. The default rate is a sample — enter your bank’s or post office’s current rate.
Good to know
- A missed instalment can attract a small penalty. Choose an amount you can keep paying.
- RD interest is taxed like FD interest, at your slab.
- An RD suits a goal 1–5 years away, such as a festival, a vehicle or school fees.