Calculate your Recurring Deposit maturity amount with accurate compounding interest.
The Recurring Deposit (RD) Calculator helps you estimate your maturity value, total deposit, and interest earned accurately. RD is a popular savings option where you deposit a fixed amount every month for a fixed tenure.
Formula used for RD calculation:
M = P × [(1 + r/n)n×t − 1] ÷ [1 − (1 + r/n)−n/12]
Where,
M = Maturity Amount
P = Monthly Deposit
r = Annual Interest Rate / 100
n = Compounding Frequency per Year
t = Time in Years (Months ÷ 12)
Use this calculator to plan savings for your goals such as education, marriage, or investments. The higher the compounding frequency, the greater the maturity benefit.