RD Calculator
A recurring deposit (RD) lets you save a fixed amount every month at a fixed interest rate. Use this calculator to see how much your RD will be worth at maturity.
Maturity value
₹3,59,664
- Total deposited
- ₹3,00,000
- Total interest
- ₹59,664
Results are illustrative and are before tax. Actual interest depends on the rate, compounding and terms offered by your bank or post office.
Saving every month?
Ask Bachatt Saathi whether an RD, an Insta Fund SIP or a mutual fund SIP fits your goal.
How to use the RD Calculator
- 1Enter the amount you will deposit every month.
- 2Enter the interest rate your bank or post office offers.
- 3Choose the tenure of the RD.
Formula
M = Σ R × (1 + r ÷ 4)^(4 × k ÷ 12)
- M = maturity value
- R = monthly deposit
- r = annual interest rate (compounded quarterly)
- k = months each instalment stays deposited, summed over every instalment
Frequently asked questions
How is RD interest calculated?+
Each monthly instalment earns interest, compounded quarterly, for the number of months it stays in the account. The calculator adds up the value of every instalment at maturity.
What happens if I miss an RD instalment?+
Banks usually charge a small penalty for a missed instalment, and repeated misses can lead to the RD being closed early.
RD or SIP — which is better?+
An RD gives fixed, predictable interest. A SIP in mutual funds can earn more over long periods but its returns are market-linked and not guaranteed.