Recurring Deposit (RD) Calculator
Estimate maturity value of recurring monthly deposits. Useful for systematic savers.
Formula
Maturity = P × [ (1 + r/n)^(nt) − 1 ] ÷ (1 − (1 + r/n)^(-1/n))
- P — Monthly installment
- r — Annual interest rate (decimal)
- n — Compounds per year
- t — Years
Example Calculation
₹5,000 per month at 7% for 5 years
Result: Maturity ≈ ₹3.6 lakhs
Practical Uses
- Small savings
- Goal-based deposits
- Children’s education fund
Recurring Deposit (RD)
Monthly deposits with monthly compounding (ordinary annuity, end-of-month deposit).
Invested
120,000.00
Interest
8,405.16
Maturity
128,405.16
Formula: FV = P × ((1 + i)n − 1) / i where i = annual%/12/100. If rate is 0%, FV = P × n.
FAQs
Is RD interest same as FD?
Usually yes, same bank rates apply.
Disclaimer
Figures are estimates.