Recurring Deposit (RD) Calculator
Calculate the maturity amount and interest earned on your recurring deposit.
Savings Tip
Increasing your monthly contribution even slightly can have a profound impact on your maturity amount due to compounding.
Growth Summary
Maturity Date
Recurring Deposit calculations assume quarterly compounding, which is the standard practice for most banks. Final maturity amounts may vary slightly due to tax implications or banker-specific rounding.
Recurring Deposit (RD) Calculator
Calculate the maturity amount and interest earned on your recurring deposit. A Recurring Deposit helps you build a disciplined saving habit while earning guaranteed interest on small monthly contributions.
Disciplined Savings
Automate your savings by contributing a fixed amount every month and watch your wealth grow.
Guaranteed Returns
Unlike market-linked investments, RD offers fixed interest rates, ensuring your maturity value is protected.
Maturity Formula
M = R * [(1+i)^n - 1] / [1 - (1+i)^(-1/3)]Where M is the maturity value, R is the monthly installment, i is the quarterly rate of interest (r / 400), and n is the number of quarters.
Investment Scenarios
Standard RD ($5k)
A monthly deposit of $5,000 at 7% for 5 years results in a maturity amount of $358,405.
Short-term RD ($10k)
A monthly deposit of $10,000 at 6% for 1 year results in a maturity amount of $123,986.