RD Calculator
Calculate your recurring deposit maturity amount and interest.
RD Calculator – Recurring Deposit Calculator
An RD calculator helps you estimate the maturity value of your recurring deposit. You deposit a fixed amount every month and earn interest on your deposits.
How does an RD Calculator work?
Recurring deposits generally calculate interest using quarterly compounding. Each monthly instalment earns interest for the remaining period until maturity.
P = Monthly deposit
R = Annual interest rate in decimal
t = Remaining investment period in years
A = Maturity value of an individual instalment
Benefits of an RD Calculator
- Calculate your estimated RD maturity amount.
- Know your total interest earnings.
- Plan monthly savings effectively.
- Compare different interest rates and tenures.
Disclaimer: Results are estimates. Actual RD maturity amounts may vary depending on the bank's interest calculation method, deposit dates, and applicable terms. TDS and taxes are not included.