RD Calculator - Recurring Deposit Maturity Calculator
Calculate your Recurring Deposit maturity amount and interest earned. Plan your monthly savings with our free RD calculator.
Calculate RD
Amount you deposit every month
Annual interest rate offered by the bank
Duration of your recurring deposit
Maturity Amount
₹7,19,328
Total Deposited
₹6,00,000
Interest Earned
₹1,19,328
Formula & Explanation
M = R × [(1 + r/n)^(nt) - 1] / (1 - (1 + r/n)^(-1/3))Where M = Maturity amount, R = Monthly deposit, r = Annual interest rate / 100, n = Compounding frequency (4 for quarterly), t = Tenure in years. Interest is compounded quarterly for most banks.
Calculation Examples
5-Year Monthly RD
₹10,000/month RD at 7% for 5 years
Maturity: ₹7,19,048 | Interest: ₹1,19,048
Benefits
- Build savings discipline
- Guaranteed returns
- Start with small amounts
- Flexible tenure options
- No market risk
Use Cases
- Monthly savings plan
- Emergency fund building
- Short-term goals
- Children's education fund
- Regular income savings
About RD Calculator
Our RD Calculator helps you estimate the maturity amount of your Recurring Deposit. Calculate how much you'll earn by depositing a fixed amount every month. Compare RD returns across different banks and plan your savings goals effectively.
Frequently Asked Questions
A Recurring Deposit (RD) is a savings scheme where you deposit a fixed amount every month for a predetermined period. It earns interest similar to a Fixed Deposit and is ideal for building savings discipline.
Most banks allow RD starting from ₹100 to ₹500 per month. The minimum varies by bank and the type of account.
RD is better for those who want to save regularly from monthly income. FD is better if you have a lump sum to invest. FD typically offers slightly higher interest rates than RD.