RD Calculator
Calculate your recurring deposit maturity — monthly savings compounded quarterly, like Indian banks do.
Deposit Details
₹
₹500₹1L
%
1%10%
110
Results
Maturity Value
₹0
Amount Invested₹0
Interest Earned₹0
Deposits
Interest
How it works
Indian banks calculate RD maturity with quarterly compounding on monthly deposits: M = R × [(1+i)^n − 1] / [1 − (1+i)^(−1/3)], where R is the monthly deposit, i the quarterly rate and n the number of quarters.
How is RD maturity calculated?
Indian banks use M = R × [(1+i)^n − 1] / [1 − (1+i)^(−1/3)], where R is the monthly deposit, i the quarterly interest rate and n the number of quarters.
RD vs FD — which is better?
FD suits a lump sum; RD suits building savings month by month from income. At the same rate and tenure, an FD of the full amount earns more because the whole sum compounds from day one.