Recurring Deposit (RD) Calculator
Monthly Deposit
₹10,000
Interest Rate (p.a %)
6.5%
Tenure (Years)
5 Yr
Maturity Value₹7,09,908
Invested Amount
Est. Returns
Invested Amount₹6,00,000
Est. Returns₹1,09,908
Tenure60 Months
Total Value₹7,09,908
How is RD Maturity Calculated?
Unlike SIPs, bank RDs in India usually compound interest quarterly.
r_eff = (1 + Rate / 4)^(1/3) - 1
M = P × ((1 + r_eff)ⁿ - 1) / r_eff × (1 + r_eff)
M = P × ((1 + r_eff)ⁿ - 1) / r_eff × (1 + r_eff)
Where:
- P = Monthly installment
- r_eff = Effective monthly interest rate
- n = Number of months
RDs are ideal for fixed goals, protecting you from market volatility with locked-in interest rates.