Calculate RD

What is a Recurring Deposit (RD)? 

A Recurring Deposit (RD) is a type of term deposit offered by banks and financial institutions. It allows individuals to save a fixed portion of their income regularly over a predetermined period. 

Why to use Recurring Deposit (RD) Calculator?

RD Calculator is used to determine the amount of money you will receive once your RD matures. Moreover, it  helps you get the results immediately and the process is hassle-free. 

How to use SBS Recurring Deposit Calculator?

1. Enter the amount that you will deposit every month.
2. Enter the tenure of your RD investment.
3. Enter the interest rate offered by your bank on RD (In case you don’t know the interest rate please visit our recurring deposit interest rate listing page).
4. Choose the compounding frequency.
5. Click on 'Calculate'. The results will be displayed immediately.

How do I know how much I will receive at maturity?

You can use an RD calculator to estimates your maturity amount based on monthly deposits, interest rate, and tenure. It helps you understand future returns before opening an account.

Is recurring deposit better than keeping money in a savings account?

If your goal is disciplined saving, an RD can be useful because it encourages regular deposits and may offer better returns compared to keeping unused money separately.

I cannot save a large amount at once. Is RD a good option?

Yes. An RD allows you to save small amounts every month instead of making one large deposit. It helps build a saving habit while growing your money over time.

Can I withdraw my RD before maturity?

Yes, many banks in Nepal allow early withdrawal of RD accounts. However, early withdrawal may reduce interest earnings or include certain conditions based on the bank's policy.

I am new to saving. Will an RD calculator help me plan better?

Yes. An RD calculator gives a simple estimate of future savings and helps you decide how much to deposit monthly according to your financial goals.