RD Calculator
Calculate recurring deposit maturity value and total interest from your monthly deposits.
Enter your figures
Result
Maturity value
$25,830.84
A recurring deposit (RD) lets you save a fixed amount every month and earn interest on it. This calculator shows your maturity value and total interest from your monthly deposits, rate and tenure.
Formula
M = P × [((1 + i)ⁿ − 1) ÷ i] × (1 + i), where P is the monthly deposit, i the monthly interest rate (annual ÷ 12 ÷ 100) and n the number of months.
Example
Depositing $1,000 a month at 7% for 24 months matures to about $25,808 — you deposit $24,000 and earn roughly $1,808.
Frequently asked questions
How is RD different from FD?
An FD is a single lump-sum deposit; an RD is a fixed monthly deposit. RD suits regular saving, while FD suits a one-time amount.
Can I miss a monthly deposit?
Missing deposits usually reduces your maturity value and may attract a small penalty, depending on the bank. This calculator assumes every monthly deposit is made.
This calculator is for general information only and is not financial, tax or legal advice. Always confirm figures and applicable rates for your situation.
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