RD Calculator (Recurring Deposit)
Calculate maturity amount on monthly recurring deposits in banks or post office
₹
₹ 500₹ 1,00,000
%
Months
Calculation Result
RD Maturity Value
₹1,29,099
Loading visualization...
Total Deposits
₹1,20,000
Interest Earned
₹9,099
How this calculator works
1
Input monthly recurring deposit amount.
2
Specify the interest rate and tenure in months.
3
View total deposits and accrued interest.
Formula & Mathematics
Recurring Deposit Quarterly Compounding Formula
M = P × [(1 + i)ⁿ - 1] / [1 - (1 + i)⁻¹/³]
Where P is the monthly deposit, and interest compounds quarterly across each installment.
Worked Example
₹10,000 per month for 2 Years at 7%
24 monthly deposits of ₹10,000.
• Total deposits = ₹2,40,000
• Compounded interest earned = ~₹18,050
Total maturity payout is ~₹2,58,050.
Frequently Asked Questions
Yes, but banks may charge a premature withdrawal penalty of 0.5% to 1% on the applicable interest rate.
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