How it’s calculated
FV = A × [((1+r/12)n − 1) / (r/12)]
FAQ
What should I enter first?
Enter the monthly deposit, annual interest rate, and term in years. The calculator treats the deposit as a fixed monthly amount and converts the annual rate to a monthly rate.
How is recurring deposit interest calculated here?
The model compounds each monthly deposit until maturity using the annual rate divided into monthly periods. It reports total deposits, estimated interest, and maturity amount before tax or bank-specific adjustments.
Why can a bank maturity quote differ?
Banks may use different compounding dates, deposit cutoffs, rounding rules, tax treatment, or premature-closure rules. Match those assumptions before comparing this estimate with an official quote.
Does this include tax or early withdrawal penalties?
No. The result is a gross planning estimate. TDS, income tax, penalty interest, missed installments, and product-specific rules should be checked separately.
Does this page send my inputs to a server?
Core calculations run locally in your browser. Share links can encode parameters in the URL so results can be reproduced, but no hidden upload is triggered unless you share that URL.
How to use Recurring Deposit (RD) effectively
What this calculator does
This page estimates the maturity value of a recurring deposit from a fixed monthly deposit, annual interest rate, and term. It separates total deposits from interest so you can see how much of the final amount comes from compounding.
Input meaning and rate policy
Enter the monthly installment in rupees, the quoted annual rate, and the number of years. The calculator converts the annual rate to a monthly compounding rate; it does not include tax, penalty interest, missed installments, or bank-specific payout rules.
Use-case sequence
Start with the bank's quoted rate and your planned monthly deposit. Then compare one change at a time, such as a longer term, a larger monthly deposit, or a different rate, so the maturity difference remains easy to explain.
Common mistakes to avoid
Do not enter a yearly deposit in the monthly field, a monthly return in the annual-rate field, or an after-tax rate unless you mean to model that explicitly. When comparing banks, align compounding frequency, deposit cutoff dates, and rounding rules.
Interpretation guidance
Read maturity amount as total deposits plus estimated interest before deductions. If the interest earned seems unexpectedly high or low, check the term, rate basis, and number of monthly installments before relying on the result.