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RD calculator
Work out the maturity value of a recurring deposit, where you put in a fixed amount every month. Interest is compounded quarterly, as most Indian banks do.
Maturity value
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- Amount deposited
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- Interest earned
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- Maturity value
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How it is calculated
M = sum of R × (1 + r ÷ 4)k ÷ 3 for each instalment
where R is the monthly deposit, r is the annual rate ÷ 100 and k is the number of months that instalment stays in the deposit. Every instalment earns quarterly-compounded interest for the time it is invested.
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This calculator is an educational illustration only and is not financial advice. It ignores TDS and income tax on the interest, and penalties for missed instalments.