RD Calculator
Free RD Calculator: Calculate recurring deposit maturity amount and interest. Plan monthly savings with quarterly compounding used by Indian banks. Best online RD calculator for India.
Total invested
₹
Interest earned
₹
Maturity amount
₹
What is a Recurring Deposit?
A Recurring Deposit (RD) lets you save a fixed amount every month for a chosen tenure. Banks in India typically compound RD interest quarterly, similar to fixed deposits. It is a popular way to build a corpus with small monthly savings.
RD Formula
M = P × [(1 + i)^n − 1] / [1 − (1 + i)^(−1/3)]Where P is the monthly deposit, i = annual rate / 400 (quarterly compounding), and n is the number of months.
Related Finance Tools
Frequently Asked Questions
What is a Recurring Deposit?
A Recurring Deposit (RD) is a savings scheme where you deposit a fixed amount every month for a chosen tenure. Banks pay interest similar to FDs, typically with quarterly compounding.
How is RD maturity calculated?
Indian banks commonly use a quarterly compounding formula: M = P × [(1 + i)^n − 1] / [1 − (1 + i)^(−1/3)], where P is the monthly deposit, i is the quarterly rate (annual rate / 400), and n is the number of months.
What is a typical RD tenure in India?
RDs are usually available from 6 months up to 10 years. This calculator supports tenures up to 10 years, which covers most bank and post office RD products.