What is an RD (Recurring Deposit)?
A Recurring Deposit is a fixed monthly savings scheme offered by banks with guaranteed, compounded interest.
You deposit a fixed amount every month for a set period, and receive the accumulated deposits plus interest at maturity.
RDs are ideal for disciplined savers who want predictable returns without market risk, making them a popular
choice for short- and medium-term financial goals.
Why Use Our RD Calculator?
- Quickly estimate your maturity amount without any manual math
- Get precise values based on your monthly deposit and interest rate
- Compare RD returns with other savings and investment options
- Plan short- and long-term financial goals with confidence
- Understand the complete month-by-month growth schedule
RD Maturity Calculation Formula
How to Use This RD Calculator
- Select your preferred currency
- Drag the monthly deposit slider
- Set the applicable annual interest rate
- Set the RD tenure in months
- Your maturity amount and interest earned update instantly
Frequently Asked Questions
What is a Recurring Deposit (RD)?
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A Recurring Deposit is a savings scheme offered by banks where you deposit a fixed amount every month for a set tenure and earn compounded interest, with the full amount plus interest paid out at maturity.
What formula is used to calculate RD maturity value?
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Maturity Amount = P × [(1 + r/n)^(n×t) − 1] / [1 − (1 + r/n)^(−1/3)], where P is the monthly deposit, r is the annual interest rate, n is 4 for quarterly compounding, and t is the tenure in years.
Is the RD interest rate fixed for the entire tenure?
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Yes, most banks offer a fixed interest rate for the entire tenure of a recurring deposit once it is booked, so your returns stay predictable regardless of market rate changes.
Plan More with PaisaKawach
Besides the RD calculator, PaisaKawach provides a suite of tools including FD calculators,
EMI calculators, SIP planners, and income tax calculators to help you make informed financial choices.
