Recurring Deposit Calculator

First, total EMI capacity is estimated as monthly income × FOIR (Fixed Obligations to Income Ratio). Existing EMIs are subtracted. Tenure is capped at age 70, then the remaining affordable EMI is converted into principal using the reverse EMI formula. Each lender applies its own retirement-age, credit and policy checks.

Compound interest uses A = P × (1 + R/m)^m×t. P is the deposit, R is the annual rate as a decimal, m is the number of compounding periods per year, and t is tenure in years. Interest earned equals maturity value minus the deposit. Actual bank payouts can vary by day-count rules and TDS.

Each monthly deposit earns interest for a different length of time. We use the future-value formula for monthly deposits made at the start of each period: M × ((1+i)ⁿ−1) ÷ i × (1+i), where i is the monthly rate and n is the number of deposits. Banks commonly compound RDs quarterly, so actual maturity may differ slightly.

We use M × ((1+i)ⁿ−1) ÷ i × (1+i), where M is the monthly SIP, i is the expected monthly return, and n is the number of contributions. This assumes each SIP is invested at the start of a month and returns are steady. Mutual-fund returns are market-linked and not guaranteed.

For an equal contribution at the beginning of every financial year, we use the annuity-due formula P × ((1+r)ⁿ−1) ÷ r × (1+r). P is the annual contribution, r is the annual rate, and n is years. The government can revise the PPF rate quarterly, so a constant entered rate is only a projection.

To add GST: tax = base amount × rate ÷ 100. To remove GST from an inclusive price: base = inclusive amount × 100 ÷ (100 + rate), then tax is the difference. For an intra-state supply, the tool displays equal CGST and SGST halves; inter-state supplies generally use IGST instead.

EMI uses the standard reducing-balance formula. The indicative old-regime Section 24(b) benefit is the lower of first-year interest and ₹2,00,000, multiplied by the selected tax slab. Eligibility depends on property type, possession, tax regime and current law; principal deductions are not included.

On-road price is ex-showroom price plus registration, road tax, insurance and accessories. The amount financed is on-road price minus down payment. EMI and interest use the reducing-balance loan formula over the selected months.

EMI uses monthly reducing balance. Total borrowing cost is all interest plus the entered processing fee; GST on fees and lender-specific charges are excluded.

We derive the outstanding principal after paid EMIs using the reducing-balance schedule, subtract the prepayment, then keep the EMI unchanged and solve for the new number of months. Savings are remaining interest before prepayment minus remaining interest afterwards.

EMI uses the quoted monthly reducing-balance rate. Effective annual cost annualises the monthly rate and adds the processing fee spread over the selected tenure as an indicative comparison. Card issuers may calculate APR and taxes differently.

Contributions are projected at the start of each year for 15 years from opening; the balance then continues earning interest until 21 years from opening. The entered rate is held constant for projection, although the government revises SSY rates periodically.

Each month's contribution compounds at the expected monthly return until the end. The monthly SIP increases once every 12 months by the selected percentage. Returns are market-linked and not guaranteed.

Future value is P × (1+r)ⁿ, where P is the one-time investment, r the expected annual return and n the number of years. It assumes smooth annual compounding; actual market returns fluctuate.

Monthly contributions use a SIP future-value projection until age 60. Corpus is split using the selected annuity percentage; estimated monthly pension is annuity purchase × annuity rate ÷ 12. Actual NPS returns and annuity quotations vary.

Employee EPF is 12% of basic + DA. For this estimate, employer EPF is 3.67% and the remaining statutory employer share is treated as EPS and excluded from the EPF balance. Contributions rise yearly with salary and the running balance earns the entered annual interest.

We use A = P × (1 + r/m)^m×t, where m is the selected number of compounding periods per year. Compound interest is final amount minus principal.

We subtract annual variable pay, employee PF (12% of entered basic), professional tax and entered TDS from CTC, then divide by 12. Employer contributions, gratuity, insurance and CTC structure differ by employer, so use payslip values for a closer estimate.

Old-regime exemption under Section 10(13A) is the least of: actual HRA received; rent paid minus 10% of basic; or 50% of basic for the four specified metros and 40% elsewhere. The estimate excludes cess and assumes the conditions for exemption are met.

TDS equals payment × applicable rate. Salary uses the entered estimated average rate; common indicative rates are supplied for other categories. Without PAN, this tool applies 20% where higher. Thresholds, individual/HUF differences, surcharge, treaties and current-year amendments are not modelled.

For employees covered by the Act: last drawn basic + DA × 15 ÷ 26 × completed years; service over six additional months rounds up. For employees not covered, the common formula uses 15 ÷ 30 and completed years. Eligibility and statutory exemption limits depend on current law.

The balance earns the assumed monthly return before each fixed withdrawal. The simulation stops when the selected period ends or the corpus is exhausted.

It applies AY 2026-27 slabs for a resident individual below 60, eligible rebate and 4% cess. It excludes surcharge, marginal relief and income taxed at special rates.

Percentage hike equals the annual salary difference divided by current annual salary. Values represent gross salary or CTC, not take-home pay.

The lender charges interest while the merchant may offset it with a discount. GST on interest, processing fees and GST on fees can remain payable.

CAGR is the constant annual rate that would turn the beginning value into the ending value over the selected period. It does not show year-to-year volatility.

The initial investment compounds monthly and SIP contributions are modelled at the start of each month. Actual NAV returns are uneven and may be negative.

No. Presets are starting estimates only. Applicable rates can vary by city, deed, owner profile, property type, market value and caps; edit both rates using the official state portal figures.

The checker uses the local calendar for Sundays, second and fourth Saturdays, national bank closures and available state-wise holidays. Always confirm time-sensitive visits with the branch.