RD Calculator — Recurring Deposit Maturity Value
Calculate total maturity amount and interest for monthly recurring deposits with Indian banks and Post Office.
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Deposits vs Interest Earned
Year-Wise RD Accumulation
| Year | Total Deposited | Interest Earned | Accumulated Maturity |
|---|---|---|---|
| Year 1 | ₹60,000 | +₹2,311 | ₹62,311 |
| Year 2 | ₹1,20,000 | +₹9,099 | ₹1,29,099 |
| Year 3 | ₹1,80,000 | +₹20,686 | ₹2,00,686 |
Example: ₹5,000/Month RD for 3 Years at 7.0%
Saving ₹5,000 every month in a Bank Recurring Deposit for 3 years (36 months) with quarterly compounding at 7.0%.
- Monthly Deposit:₹5,000
- Interest Rate:7.00% p.a.
- Tenure:36 Months (3 Years)
- Total Amount Deposited:₹1,80,000
- Interest Earned:₹20,845
- Final Maturity Value:₹2,00,845
Key Takeaway: RDs are an excellent guaranteed savings habit for planned short-term goals like annual insurance premiums or festival spending.
How This Calculation Works (Mathematical Formula)
Each monthly deposit earns interest compounded quarterly for its remaining period until maturity.
Frequently Asked Questions
Bank recurring deposits usually require a minimum tenure of 6 months and can extend up to 10 years.
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Helpful Guides & Explanations
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