Recurring Deposit Calculator
recurring deposit calculator. Get instant, accurate results. Enter values for instant results with step-by-step formulas.
Reviewed by Sahil, Senior Finance & Tax Editor
Reviewed by Sahil, Senior Finance & Tax Editor
Formula
Maturity = P x n + P x n(n+1)/(2x12) x r/100
RD maturity uses simple interest on each installment for its remaining tenure, with quarterly compounding. Each deposit earns interest for a decreasing number of months. Banks typically use quarterly compounding.
Worked Examples
Example 1: ₹5,000/mo for 3 years
Problem:₹5,000 monthly, 7% rate, 36 months
Solution:Total deposited: ₹1,80,000. Interest: ~₹19,500
Result:Maturity ≈ ₹1,99,500
Reviewed by Sahil, Senior Finance & Tax Editor · Editorial policy