Savings Goal Calculator

How to Use This Calculator

Set your target amount and time period to see how much you need to save monthly. Compare three options: simple savings (piggy bank), Recurring Deposit (RD) with monthly contributions, or Fixed Deposit (FD) with a lump sum investment.

Why Choose RD Over Simple Savings?

• • Earn Interest: Your money grows while you save
• • Lower Monthly Commitment: Interest does part of the work
• • Disciplined Saving: Fixed monthly auto-debit keeps you on track
• • Safe & Guaranteed: Bank deposits are secure up to ₹5 lakh (DICGC)

When to Choose FD?

If you already have a lump sum amount, parking it in an FD lets you reach your goal without any monthly commitment. FDs offer slightly higher rates than RDs and are ideal for short-term goals of 1-3 years.

Popular Savings Goals