RD Calculator
Calculate maturity value of your Recurring Deposit
₹
₹500₹10L
%
1%15%
Yrs
1 Yr10 Yrs
Total Investment
₹0
Total Interest
₹0
Maturity Value
₹0
RD Maturity Projection
What is a Recurring Deposit (RD)?
A Recurring Deposit (RD) is a special kind of term deposit offered by banks in India which helps people with regular incomes to deposit a fixed amount every month into their RD account and earn interest at the rate applicable to Fixed Deposits.
How RD Maturity is Calculated?
In India, interest on RD is compounded quarterly. The formula used for calculating the maturity value is:
M = R * [(1+i)^n - 1] / [1 - (1+i)^(-1/3)]
- M: Maturity Value
- R: Monthly Installment
- i: Rate of Interest / 400
- n: Number of Quarters
RD Breakdown
Maturity Value
₹0
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