RD Calculator

Plan your finances wisely with our recurring deposit calculator

Monthly Investment
What is the amount you wish to invest every month?
Rate Of Interest
Interest rate on your RD every year?
5 %9 %
Investment Period
How many months wish to invest?
12 months60 months



What is a recurring deposit?

A recurring deposit (RD) is a kind of investment plan offered by banks and financial institutions that enables individuals to save a fixed amount of money regularly, usually monthly, for a predetermined time.

The interest rate offered on an RD is generally higher than what is offered on a savings account, making it an attractive option for those who wish to earn a higher return on their savings. At the end of the RD term, the total amount invested along with the interest earned is returned to the investor. Recurring deposit schemes are popular among salaried individuals and those who have a regular source of income as they offer a convenient and disciplined way of saving and earning interest on their money.

How are the returns on recurring deposits calculated?

The returns on recurring deposits (RDs) are calculated using a formula that takes into account several variables. The interest rate offered by the bank or financial institution is a critical factor that determines the returns on the investment. The interest is usually compounded quarterly, which means that the interest earned is added to the principal amount, and subsequent interest is calculated on the new sum.

The duration of the RD also plays a crucial role in determining the returns. The longer the investment period, the higher the returns. The amount invested at regular intervals is also a vital factor in calculating the returns. Our online RD calculator is available online that can help investors determine the exact returns on their investments. The calculator takes into account the interest rate, duration of the RD, and the amount invested at regular intervals to provide investors with an accurate estimate of their returns.

The formula for RD maturity amount is:

A = P * [(1 + R/(100))^N - 1] / (1 - (1 + R/(4100))^(-1/3))

A= The maturity amount

P= Monthly installment

N= Number of Quarters

R= Rate of interest

What are the benefits of using a recurring deposit calculator?

Here are the benefits of an RD calculator in bullet points:

  • Simplifies RD calculation: An RD calculator eliminates the need for manual calculations, making it easier to calculate returns on investment accurately.
  • Provides an accurate estimate of maturity amount: RD calculators offer precise estimates of the maturity amount, factoring in variables like interest rate, tenure, and investment amount.
  • Saves time: An RD calculator saves time as investors no longer need to manually calculate returns, making financial planning more efficient.
  • Helps plan finances effectively: With an accurate estimate of the maturity amount, investors can plan their finances better and make informed investment decisions.
  • Reduces errors: Manually calculating the returns on an RD can lead to errors, but an RD calculator ensures accuracy and eliminates the possibility of miscalculations.
  • Allows for comparison of different schemes: RD calculators can be used to compare the returns of different RD schemes, helping investors choose the best investment option.