RD Calculator
The RD Calculator helps you plan recurring deposits by computing the exact maturity value and total interest earned. Ideal for systematic savings with bank-guaranteed returns.
Maturity Amount
₹1,29,099
Total Deposited
₹1,20,000
Interest Earned
₹9,099
Growth over time
RD Maturity Formula
M = R × [(1 + i)^n - 1] / (1 - (1 + i)^(-1/3)) Where: M = Maturity value R = Monthly installment i = Rate/400 (quarterly compounding) n = Number of quarters
Examples
₹2,000/month for 2 years at 6.5%
Result: Maturity: ₹51,547 | Interest: ₹3,547
Total deposit of ₹48,000 earns ₹3,547 interest.
₹5,000/month for 5 years at 7%
Result: Maturity: ₹3,60,290 | Interest: ₹60,290
Deposit ₹3 lakh, earn ₹60,290 extra.
₹10,000/month for 1 year at 6%
Result: Maturity: ₹1,23,857 | Interest: ₹3,857
A 1-year RD is a good short-term savings tool.
Frequently Asked Questions
What is an RD?
RD (Recurring Deposit) is a savings scheme where you deposit a fixed amount each month for a predetermined tenure, earning a fixed interest rate.
RD vs SIP — which is better?
RD offers guaranteed, bank-backed returns (safer, lower). SIP in equity mutual funds can offer higher returns but with market risk.
Can I break an RD before maturity?
Yes, but a penalty of 0.5–1% may be charged on the applicable interest rate.