About RD Calculator
A recurring deposit involves regular deposits over a selected tenure. This calculator provides an estimate based on the inputs and compounding assumption; actual bank calculations may vary.
SAVINGS
RD Calculator
Estimate recurring deposit maturity value from a monthly deposit, interest rate, tenure and compounding assumption.
Estimated maturity
₹3,54,954
Total deposits
₹3,00,000
Estimated interest
₹54,954
Want to understand this calculation?
Read our detailed guide for the assumptions, examples, common mistakes and practical ways to interpret the result.
Read the RD Calculator guide →How to use this calculator
- Enter the monthly deposit.
- Enter the annual interest rate.
- Enter the tenure.
- Review total deposits, estimated interest and maturity value.
Calculation methodology
The RD estimate uses the common Indian recurring-deposit approximation with quarterly compounding and equal monthly deposits. It is presented as an estimate rather than a bank-specific maturity quote.
Formula / calculation model
The calculator uses a recurring-deposit estimate based on regular monthly deposits and the stated quarterly-compounding assumption.
Important assumptions and limitations
Banks can apply their own deposit-date, rounding and product conventions. Always compare the result with the bank's disclosed maturity schedule before investing.
Frequently asked questions
How does an RD work?
An RD generally involves depositing a fixed amount periodically for a defined tenure, with interest paid according to the bank’s product terms.
Will the result exactly match my bank?
Not necessarily. Banks can use product-specific calculation conventions, dates and rates.
Disclaimer: Results are estimates for educational and informational purposes. They are not financial, tax, legal or investment advice. Rates, tax rules and product terms can change; verify current applicable rules before making financial decisions.