RD Calculator
Calculate returns on Recurring Deposits.
RD Details
Year-wise Breakdown
| Year | Deposited | Interest | Maturity Value |
|---|
An RD calculator helps estimate maturity value for recurring deposits where you invest a fixed amount every month. It is popular for short to medium-term savings goals because it combines discipline with relatively stable returns. The same framework also applies to recurring savings products in global banking systems.
How recurring deposits grow
In an RD, each monthly instalment earns interest for the remaining tenure, so earlier instalments earn more. Returns depend on rate, tenure, and compounding method, commonly quarterly in India. The calculator gives a close estimate of total maturity value and interest.
RD formula
RD planning checklist
- Choose tenure aligned with your goal date.
- Check penalty terms for missed instalments.
- Compare bank rates and minimum deposit limits.
- Account for tax on interest while planning net returns.
How to use this RD calculator
- Enter monthly RD amount.
- Enter annual interest rate.
- Enter tenure in months or years.
- View total deposit, estimated interest, and maturity amount.
- Adjust monthly amount if target is not met.
Worked example
If you deposit Rs 8,000 monthly for 5 years at 6.8% annual interest, total invested amount is Rs 4,80,000. Estimated maturity value is about Rs 5,67,000, with interest near Rs 87,000 (approximate).