Recurring Deposit Calculator
Calculate the maturity value of your monthly recurring deposit.
Breakdown
Invested
₹3,00,000
Interest
₹59,664
Maturity
₹3,59,664
Schedule
| Year | Invested | Value |
|---|---|---|
| 1 | ₹60,000 | ₹62,311 |
| 2 | ₹1,20,000 | ₹1,29,099 |
| 3 | ₹1,80,000 | ₹2,00,686 |
| 4 | ₹2,40,000 | ₹2,77,418 |
| 5 | ₹3,00,000 | ₹3,59,664 |
What is Recurring Deposit?
A Recurring Deposit (RD) is a savings scheme offered by banks where you deposit a fixed amount every month for a chosen tenure and earn interest on it. It is designed for individuals who want to build savings gradually while earning guaranteed returns.
An RD Calculator helps estimate the maturity amount and total interest earned from regular monthly deposits.
How Recurring Deposit Works
A fixed amount is deposited every month. Interest is compounded quarterly (every 3 months) in most banks.
Each monthly installment earns interest for a different duration — the first installment earns interest for the entire tenure, while later installments earn for fewer months.
Monthly Fixed Deposits
Same amount deposited every month without fail
Quarterly Compounding
Interest is compounded every 3 months by most banks
Predictable Returns
Low-risk investment with guaranteed returns
Flexible Tenure
Suitable for short- to medium-term financial goals
Calculation Method
Formula:
Where:
- S = Monthly deposit amount
- i = Interest rate per compounding period
- n = Total number of installments (months)
Assumptions:
- ✓ Monthly deposits
- ✓ Quarterly compounding
- ✓ Fixed interest rate
Key Benefits
Disciplined Saving
Builds consistent monthly saving habits
Stable Returns
Predictable and guaranteed interest income
Low Risk
Lower risk compared to market-linked investments
Flexible Tenure
Multiple tenure options available with most banks
Important Disclaimer
This calculator provides estimated results for planning purposes only. Actual RD returns may vary depending on bank policies, interest rate changes, compounding rules, taxes, and premature withdrawal conditions.
Always verify the final terms with your bank before investing.