RD Calculator
Calculate your Recurring Deposit maturity amount. Free RD calculator with quarterly compounding for Indian banks.
Calculator widget coming soon. Use the information below to understand this tool.
What is RD Calculator?
An RD (Recurring Deposit) calculator helps you estimate the maturity amount of your recurring deposit investments. It accounts for quarterly compounding as per standard Indian banking practice.
How It Works
Each monthly installment earns compound interest quarterly from the deposit date until maturity. The calculator sums up the maturity value of all installments.
Formula & Calculation Method
Where: M = Maturity amount, R = Monthly deposit, i = Quarterly interest rate, n = Total quarters, k = Quarter of deposit
Examples
5-Year RD
1Monthly deposit: ₹5,000
2Duration: 5 years (60 months)
3Rate: 7% quarterly compounding
4Total invested: ₹3,00,000
5Estimated maturity: ~₹3,60,000
6Interest earned: ~₹60,000
Maturity Amount: ~₹3,60,000
Benefits
- 1Regular savings habit
- 2Guaranteed returns
- 3Flexible amounts (₹100+ monthly)
- 4Loan against RD facility
- 5Better than savings account interest
Common Use Cases
Expert Tips
- 1Set up auto-debit to avoid missed deposits
- 2Choose tenure matching your goal timeline
- 3Compare RD rates across banks
- 4Consider RD laddering for liquidity
Common Mistakes to Avoid
- !Breaking RD prematurely
- !Not comparing bank rates
- !Choosing too short tenure
- !Missing monthly deposits
- !Ignoring penalty for missed deposits
Frequently Asked Questions
Find answers to common questions about this calculator below.
RD interest is compounded quarterly in most Indian banks. Each monthly installment earns interest for its remaining tenure. The formula is: M = R × ((1+i)^n - 1)/(1-(1+i)^(-1/3)) where i is quarterly rate and n is quarters.
At 7% interest compounded quarterly, a ₹5,000 monthly RD for 5 years (60 months) will mature to approximately ₹3,60,000 with total interest of about ₹60,000.