RD Calculator
Calculate the maturity value of your Recurring Deposit (RD). Estimate your total interest earned and maturity amount based on your monthly deposit, interest rate, and tenure with our free RD calculator.
Deposit Growth Over Time
Visualize how your Recurring Deposit grows year after year as your monthly deposits accumulate and interest compounds.
How RD Maturity is Calculated
The RD calculator simulates your monthly deposits with quarterly compounding, matching how most Indian banks calculate Recurring Deposit interest.
RD Maturity Simulation
Every Month: Balance += D
Every Quarter: Balance × (1 + R/4)
Monthly Deposit (D)
₹5,000.00
Annual Rate (R)
7%
Tenure
5 Years
Total Deposit
₹3,00,000.00
Maturity Value
₹3,59,663.95
Where: Bm is the balance after month m, D is your fixed monthly deposit, and R is the annual interest rate. Each month, your deposit is added to the balance, and interest compounds quarterly on the running total, matching how most Indian banks calculate RD interest.
RD Calculation Example
See how your savings grow over time using the values you've entered.
Worked Example
Suppose you deposit ₹5,000.00 every month for 5 years at an annual interest rate of 7%, compounded quarterly.
Over this period, you would deposit a total of ₹3,00,000.00, and earn total interest of ₹59,663.95.
Based on these values, your RD will mature to approximately ₹3,59,663.95.
A few things worth knowing about Recurring Deposits:
Each monthly deposit starts earning interest from the point it's made, so earlier deposits earn interest for longer.
Your interest rate is locked in for the entire tenure, regardless of market or economic conditions.
A longer tenure means more monthly deposits and more time for compounding, increasing your total interest earned.
Year-wise RD Growth
Review your total deposits, interest earned, and maturity value in a detailed year-wise breakdown table.
Swipe horizontally to view the complete RD breakdown.
| Year | Total Deposit | Interest Earned | Total Value |
|---|---|---|---|
| 1 | ₹60,000.00 | ₹2,310.66 | ₹62,310.66 |
| 2 | ₹1,20,000.00 | ₹9,098.90 | ₹1,29,098.90 |
| 3 | ₹1,80,000.00 | ₹20,686.49 | ₹2,00,686.49 |
| 4 | ₹2,40,000.00 | ₹37,418.28 | ₹2,77,418.28 |
| 5 | ₹3,00,000.00 | ₹59,663.95 | ₹3,59,663.95 |
Frequently Asked Questions
Find answers to the most common questions about Recurring Deposits, interest calculation, and how the calculator works.
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