sync Finance By NF360
public

RD Calculator

Calculate your Recurring Deposit maturity value. See how your monthly bank savings grow securely with quarterly compounding interest.

account_balance_wallet Deposit Details

RD interest is typically compounded quarterly.

Yr
Mo

Total Deposited

₹0

Total Interest Earned

₹0

Maturity Value

₹0

Growth Schedule

Time Deposited Amount Interest Earned Total Balance

How Does an RD Calculator Work?

A Recurring Deposit (RD) calculator helps you determine the exact maturity value of your monthly savings. RD schemes offered by banks and post offices allow you to deposit a fixed amount every month and earn interest equivalent to a standard Fixed Deposit (FD).

The Mathematical Formula

In India, RD interest is compounded quarterly. The maturity amount is calculated using the following banking formula:

$M = P \times \frac{(1 + r/n)^{nt} - 1}{1 - (1+r/n)^{-1/3}}$

Frequently Asked Questions

What is the difference between RD and SIP? expand_more
Both involve regular monthly investments. However, RD guarantees a fixed interest rate backed by a bank, making it 100% safe. SIP is an investment in market-linked mutual funds, meaning returns are not guaranteed and fluctuate with the market.
Can I withdraw my RD before maturity? expand_more
Yes, most banks allow premature withdrawal of a Recurring Deposit. However, doing so usually attracts a penalty (typically around 1% of the interest rate) and the interest will be calculated for the actual duration the deposit was held, not the original tenure.