Recurring Deposit Calculator

Estimate the maturity value, total installments, and interest for a recurring deposit with monthly contributions.

Years

Total Maturity Value

₹

Total Invested

₹

Interest Earned

₹

(Quarterly Compounding)

How the RD estimate is calculated

The calculator applies a quarterly-compounding approximation to monthly installments: Maturity = P × ((1 + i)n − 1) ÷ (1 − (1 + i)−1/3), where P is the monthly installment, i is the annual rate divided by 400, and n is total months divided by 3.

Installments

One equal contribution is assumed every month for the full tenure.

Compounding

The entered annual rate is modelled with quarterly compounding.

Assumptions

The rate remains constant; missed payments, tax, TDS, penalties, and bank-specific rules are excluded.

Worked recurring-deposit example

For ₹5,000 deposited monthly at 7.1% per year for 5 years, the calculator estimates:

Total installments
₹3,00,000
Estimated interest
₹60,615
Estimated maturity
₹3,60,615

Frequently asked questions

Is an RD the same as a fixed deposit?

No. An RD uses recurring monthly installments, while an FD normally starts with one lump-sum deposit.

Will every bank show the same maturity?

Not always. Deposit dates, rounding, compounding conventions, rates, and product rules can make the bank's figure differ.

Are delayed-installment penalties included?

No. The projection assumes every monthly installment is made and excludes penalties, tax, and TDS.