Finance
RD (Recurring Deposit) Calculator
Calculate bank and post-office recurring deposit maturity amount
₹5 K
Maturity Amount
₹2,00,686
Total Deposited₹1,80,000
Interest Earned₹20,686
How Does It Work?
Calculate maturity value and interest for monthly bank and post-office recurring deposits with Indian quarterly compounding rules.
Mathematical Formula
M = P × Σ (1 + r/400)^(4i/12)
Standard Indian bank RD formula compounding each monthly installment quarterly.
Real-World Worked Example
Depositing ₹10,000 every month in a Post Office or Bank RD for 5 years (60 months) at 7.0% annual interest.
Calculation Breakdown
- •Total Deposited: ₹10,000 × 60 = ₹6,00,000
- •Quarterly Compounded Interest Earned: Approx ₹1,18,000
- •Total Maturity Payout: Approx ₹7,18,000
Takeaway: RDs provide guaranteed capital security with zero market risk, ideal for saving toward short-term goals like tuition or festival expenses.
Related Guides & Calculation Deep Dives
All guidesFrequently Asked Questions
Recurring Deposit FAQs
Common questions, calculation formulas, and usage rules.
An RD lets you deposit a fixed sum every month into a bank or post office for a fixed tenure.