Recurring Deposit Calculator
Find the maturity value of your monthly recurring deposit.
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Recurring Deposit Calculator
Use the formula and worked example below to calculate manually.
Overview
A Recurring Deposit (RD) calculator computes the maturity amount you will receive at the end of your RD tenure, based on your monthly deposit, interest rate, and duration.
How to use this calculator
- Enter the monthly deposit amount.
- Enter the annual interest rate offered by your bank.
- Set the tenure in months.
- The calculator shows the maturity value and total interest earned.
Understanding the inputs & results
Monthly deposit
The fixed amount you deposit every month into the RD account.
Interest rate (p.a.)
The annual rate of interest offered by the bank on the RD.
Tenure
The total duration of the RD in months.
Maturity amount
The total payout you receive when the RD completes — your deposits plus accrued interest.
Total interest
The interest earned on your monthly deposits over the full tenure.
The formula
RD maturity amount (quarterly compounding)
A = P × (1 + r/4)^(4n/12) for each instalment, summed
Indian banks typically compound RDs quarterly. Each month's deposit earns interest for the remaining tenure. The total maturity = sum of all individual instalment future values.
Worked example
₹5,000 per month for 12 months at 6.5% p.a.
- Each instalment compounds for its remaining months.
- Approximate maturity = 5,000 × 12 × (1 + effective rate) ≈ ₹62,000.
- Total deposited = ₹60,000. Interest earned ≈ ₹2,000.
✓ Approximately ₹62,000 at maturity on ₹60,000 deposited.
Frequently asked questions
RD interest rates vary by bank and tenure. Verify current rates before opening an account. For planning purposes only.