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Recurring Deposit (RD) Calculator

Deposit a fixed amount every month in a bank RD and earn interest. See how much you'll receive at the end of the period.

Maturity Amount
β‚Ή0
Total Depositedβ‚Ή0
Interest Earnedβ‚Ή0
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How to Use the RD Calculator

  1. Enter your monthly deposit amount.
  2. Enter the annual interest rate.
  3. Select the tenure in months.
  4. See maturity amount and interest earned.

Frequently Asked Questions

RD uses compound interest calculated quarterly: M = R Γ— [(1+i)^n βˆ’ 1] / (1 βˆ’ (1+i)^(βˆ’1/3)), where R = monthly installment, i = quarterly rate, n = total quarters.

Most banks allow RDs starting from β‚Ή100/month. Post Office RD minimum is β‚Ή100/month with a 5-year default tenure.

Yes, but premature withdrawal typically attracts a penalty of 1–2% reduction on the offered interest rate.
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