Recurring deposit (RD) calculator
Deposit a fixed amount every month and see what it adds up to.
Example result
- Maturity value
- ₹3,56,829
- Total deposited
- ₹3,00,000
- Interest earned
- ₹56,829
Year-by-year
| Year | Deposited | Value |
|---|---|---|
| 1 | ₹60,000 | ₹62,210 |
| 2 | ₹1,20,000 | ₹1,28,694 |
| 3 | ₹1,80,000 | ₹1,99,746 |
| 4 | ₹2,40,000 | ₹2,75,679 |
| 5 | ₹3,00,000 | ₹3,56,829 |
How this is calculated
Each monthly instalment earns interest compounded quarterly for the months it remains deposited:
Maturity = Σk=1..N R × (1 + r ÷ 4)(N − k + 1) ÷ 3
where R is the monthly deposit and N the number of months.
Questions
How is RD interest calculated?
Each instalment earns interest compounded quarterly for the months it stays deposited. Post office RDs follow their own published tables, which can differ by a few rupees.
Estimates for educational purposes only. Not financial, tax or investment advice.