RD Calculator

Check returns and final maturity on bank Recurring Deposits with quarterly compounding.

₹
%
Yr
Total Invested₹3,60,000
Total Interest₹41,373
Maturity Amount₹4,01,373
1.1xReturn
Invested
Interest

Recurring Deposit (RD) Calculator – Monthly RD Maturity Value

A Recurring Deposit (RD) is a disciplined monthly savings vehicle offered by Indian banks and post offices, enabling depositors to invest a fixed sum every month while earning fixed deposit interest rates.

Our RD Calculator applies the Reserve Bank of India quarterly compounding formula to compute your terminal payout and interest gains.

What is an RD Calculator?

An RD Calculator models the growth of monthly installments where each successive installment earns interest for a progressively shorter remaining duration, compounded quarterly by the bank.

Why Choose a Recurring Deposit?

Encourages disciplined recurring savings without needing a large upfront lumpsum.
Guaranteed rate of return locked in for the entire tenure, insulating you from future rate cuts.
Ideal for short-to-medium term goals such as annual insurance premiums, vacations, or emergency funds.

How is RD Interest Computed?

Indian banks calculate RD maturity value using the standard RBI formula:

Calculation Formula
M = P × [ (1 + i)^n - 1 ] / (1 - (1 + i)^(-1/3))
Parameters Definition
M:Maturity amount payable to the depositor.
P:Monthly installment deposited.
i:Quarterly interest rate (r / 400).
n:Tenure in quarters (Months / 3).

Using the RD Calculator

1

Specify your monthly deposit amount.

2

Enter the annual interest rate.

3

Select your tenure in years (typically 1 to 10 years).

4

View the total amount saved and interest earned.

Frequently Asked Questions

Can I withdraw my RD prematurely?
Yes, premature withdrawal is permitted by most banks, but is subject to a nominal penalty (typically 0.5% to 1% reduction in the applicable interest rate).

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