Finance Calculators
RD Calculator
Estimate the maturity amount of a recurring deposit with quarterly compounding.
- Free
- No sign-up
- Runs in your browser
- Maturity amount
- ₹3,54,954.10
- Total deposited
- ₹3,00,000.00
- Interest earned
- ₹54,954.10
How to use RD Calculator
How to use this calculator:
- Enter the amount you deposit each month.
- Enter the yearly interest rate offered by your bank.
- Enter the tenure in years or months.
- Read the maturity amount, the total you deposit and the interest earned.
Convention. Interest is compounded quarterly, as Indian banks usually do it: M = R × ((1 + i)^N − 1) ÷ (1 − (1 + i)^(−1/3)), where R is the monthly deposit, i is the annual rate ÷ 400 and N is the number of quarters. Your bank may round or count days differently, so its own figure can differ by a small amount. The result assumes every instalment is paid on time.
Examples
₹5,000 a month for 5 years at 6.5%
You deposit ₹3,00,000. The maturity amount is about ₹3,54,954, so the interest is about ₹54,954.
₹2,000 a month for 2 years at 7%
You deposit ₹48,000 and get about ₹51,640 at maturity, the same as the worked example on a well-known RD calculator page.
₹10,000 a month for 3 years at 7%
You deposit ₹3,60,000. The maturity is about ₹4,01,373.
Frequently asked questions
How is RD interest compounded?
Quarterly, at the annual rate divided by 4, which is the usual convention for recurring deposits in Indian banks.
Why is my bank's maturity amount slightly different?
Banks may round at each step or count the exact days. Their figure is the one that counts.
What if I miss an instalment?
Banks usually charge a penalty for late instalments, which reduces the maturity amount. This calculator assumes all instalments are paid on time.
Is the interest taxable?
It can be. Tax is not included here, and the rules change, so check the current rules.
Guides about RD Calculator
Related tools
FD Interest Calculator
Estimate the maturity amount and interest on a fixed deposit.
₹1,23,144Finance CalculatorsSIP Calculator
Estimate what a monthly SIP could grow to, for any amount, return and number of years.
₹11,61,695Finance CalculatorsCompound Interest Calculator
Work out the final amount and interest earned when interest is added to the balance, with a year-by-year table.
₹2,15,892