RD Calculator
Calculate your Recurring Deposit maturity and interest. Plan your savings smartly with our RD calculator for the banking sector.
RD Investment Details
Enter your deposit details to calculate maturity and interest
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How to Use the RD Calculator
👉 Step-by-step guide
Start by entering the amount you plan to deposit every month in your Recurring Deposit (RD) account. This is your monthly investment amount.
Enter the annual interest rate offered by your bank and select the total investment duration (in months or years). This determines your RD maturity amount.
Click the Calculate button to instantly view your total investment, interest earned, and final maturity amount at the end of the deposit period.
You can modify your monthly amount, interest rate, or tenure to compare different RD plans and find the most rewarding option for your savings goals.
About RD Calculator
What is RD Calculator?
The RD Calculator (Recurring Deposit Calculator) helps you estimate the maturity amount and interest earned on your recurring deposit. It uses the standard RD formula used by banks in India.
Key Parameters
- Monthly Deposit: The amount deposited every month
- Interest Rate: The annual interest rate provided by the bank
- Tenure: The duration for which the amount is deposited (in months)
What Makes Our RD Calculator Unique?
- Accurate RD Calculations - Calculates total maturity amount and interest earned using the standard RD compound interest formula.
- Real-Time Results - Instantly view your maturity value as you enter deposit amount, rate, and tenure. No manual math needed.
- Customizable Inputs - Adjust monthly deposit, duration, or interest rate to see how your savings grow over time.
- Visual Growth Charts - Understand how your recurring monthly savings accumulate and compound with an easy-to-read chart.
- Compare Multiple RD Plans - Compare returns from different banks or schemes to choose the best recurring deposit option.
- Smart Savings Insights - Learn how increasing your deposit or extending tenure can maximize your returns efficiently.
- User-Friendly & Mobile Optimized - Seamlessly use the calculator across all devices including mobiles, tablets, and desktops.
- Completely Free to Use - No sign-up, registration, or downloads required. Calculate your RD maturity anytime, anywhere.
Use Cases for RD Calculator
- Monthly Savings Planning: Plan your monthly recurring deposits to meet your future financial goals efficiently.
- Compare RD Schemes: Analyze RD interest rates and maturity values from different banks or financial institutions.
- Goal-Based Savings: Calculate how much you’ll save for future goals like education, marriage, or travel.
- Retirement Planning: See how consistent monthly deposits can build a reliable corpus for your retirement.
- Child Education Planning: Estimate returns from long-term RDs to fund your child’s education and future needs.
- Emergency Fund Growth: Understand how recurring small deposits can grow into a solid emergency savings fund.
- Financial Decision-Making: Use the calculator to decide ideal deposit amount, interest rate, and tenure for maximum returns.
RD Calculator FAQ
RD Calculator Formula & Example
📌 Formula for Recurring Deposit (RD) Maturity
The RD maturity amount is calculated using quarterly compounding (standard in India) as follows:
M = Σ [ P × (1 + r / 4)^(4 × t) ]
Where:
- P = Monthly deposit
- r = Annual interest rate (in decimal, e.g., 7% / 100 = 0.07)
- t = Time remaining for each deposit in years (t = (n - i + 1)/12)
- n = Total number of months
- i = Index of monthly deposit (1, 2, …, n)
- M = RD maturity amount
📌 Interest Earned
Interest = M - (P × n)
📌 Example
Suppose:
- Monthly Deposit Amount: ₹5,000
- Interest Rate: 7% p.a.
- Time Period: 24 months (2 years)
Calculation using the formula:
Maturity Amount = Σ [ 5000 × (1 + 0.07 / 4)^(4 × t) ] for each month t
After calculating for all 24 monthly deposits:
- Total Deposit = 5000 × 24 = ₹1,20,000
- Interest Earned ≈ ₹9,168
- Maturity Amount ≈ ₹1,29,168
✅ So, if you deposit ₹5,000 every month for 2 years at 7% annual interest (compounded quarterly), your RD will grow to ₹1,29,168, with an interest of ₹9,168.