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Recurring Deposit (RD) Calculator
Estimate the returns on your regular monthly savings.
Private Calculation• Browser-Based• No Data Stored
RD Calculator
Compute maturity value and effective interest yield for Recurring Deposits.
₹
%
Mo
1.0 Years
How it's calculated
Formula
Approximation of standard compound interest on monthly installments.
M = R [(1+i)^n - 1] / (1-(1+i)^(-1/3))Where:
- MMaturity Value
- RMonthly Installment
- nNumber of quarters (Quarterly compounding)
- iInterest rate per quarter
Example Calculation
Inputs:
Deposit = ₹5,000/mo, Rate = 6.5%, Time = 1 Year
Result:
Interest = ~₹2,130
Recurring deposits earn interest on each installment for the period it stays with the bank.
Frequently Asked Questions
About Recurring Deposits
Recurring Deposits (RD) allow you to save small amounts of money every month while earning interest rates comparable to Fixed Deposits. It is an excellent tool for building a corpus for short-term goals.
How it works: You deposit a fixed sum (e.g., ₹5000) every month for a fixed tenure (e.g., 2 years). Interest is compounded quarterly on the deposited amount.