Recurring Deposit (RD) Calculator
Savings
Recurring Deposit (RD) Calculator
Project maturity for monthly deposits with compounding interest. Works fully on-page with no external requests.
Enter RD details
Total investment
₹3,60,000
Monthly deposit × months
Maturity amount
₹4,04,828
Includes all compounding
Interest earned
₹44,828
Before taxes or penalties
What this calculator does
Estimates the maturity amount for a recurring deposit where you make a fixed monthly contribution. It shows total invested, interest earned, and final maturity for the chosen tenure and rate.
The tool is useful for disciplined savers who prefer monthly contributions and want to compare different contribution levels or tenures to reach a savings target.
Who should use this calculator
- Regular savers using monthly recurring deposits
- Investors comparing bank RD rates
- People planning disciplined monthly savings
Use it to decide on a monthly amount that meets a future goal or to compare how changing tenure affects maturity for a fixed deposit amount.
How this calculator works
Each monthly deposit earns interest for the remaining months until maturity. The calculator applies the monthly interest rate repeatedly to simulate compounding and totals the accumulated value at the end of the tenure. No formulas are shown and no external data is used.
It treats each monthly installment as a separate contribution earning interest for the remaining term; this accurately reflects how recurring deposits accumulate in most bank products.
How to interpret the results
Maturity is the total amount you receive at the end. Total investment equals your monthly deposit times number of months; interest earned is maturity minus total investment. Use these to compare different deposit amounts or tenures.
If you plan to increase contributions later, recompute with the new monthly deposit to estimate the final benefit; small increases early in the saving period compound into significantly larger outcomes.
Example
Saving ₹2,000 per month at 6% annual interest for 3 years will give a maturity amount that includes your contributions and compounded interest. Use the calculator to see the exact estimate for your inputs.
Limitations & disclaimer
Estimates only. Banks may apply different compounding conventions or taxes. This is not tax or investment advice—confirm details with your bank.
How this RD math works
Each monthly deposit is treated as a separate contribution that earns interest for the remaining months. The calculator simulates monthly compounding to produce the maturity estimate.
- Total investment is monthly deposit multiplied by months.
- Interest earned equals maturity minus total investment.
- Tenure accepts decimals to approximate partial years.
FAQs
Why does maturity use compounding?
Recurring deposits earn interest every month; each installment accrues interest for the remaining months. Compounding the monthly rate reflects that growth.
Can I change the installment amount mid-way?
This view assumes a fixed monthly contribution. If you change amounts, recalculate with the new monthly deposit and remaining tenure.
Are taxes included?
No. The outputs are gross figures before TDS or income tax on interest.
What happens if a payment is skipped?
Banks may reduce interest or charge a fee. This calculator assumes every installment is paid on time.