Recurring Deposit (RD) Calculator

A Recurring Deposit (RD) is a term deposit offered by banks which allows customers to deposit a fixed amount every month and earn interest at the same rate as applicable for Fixed Deposits.

Our RD calculator helps you calculate the maturity amount based on your monthly deposit, interest rate, and tenure. It uses compound interest to provide accurate calculations.

RD Formula:

M = P × [((1+r)^n - 1) / r] × (1+r)

Where:

• M: Maturity amount
• P: Monthly deposit amount
• r: Monthly interest rate (annual rate ÷ 12)
• n: Number of months

Features:

• Visual growth chart showing deposit vs maturity value
• Monthly breakdown calculations
• Shareable calculation links
• Auto-calculation from URLs
• Compare with other investment options

Benefits of RD:

• Disciplined Saving: Regular monthly deposits
• Guaranteed Returns: Fixed interest rate
• Flexible Tenure: 6 months to 10 years
• Low Risk: Bank guarantee on deposits
• Premature Withdrawal: Available with penalty