RD Calculator
Calculate recurring deposit maturity for a fixed monthly deposit.
About the RD Calculator
A Recurring Deposit (RD) lets you save a fixed amount every month at a fixed interest rate — ideal for disciplined savers who do not have a lumpsum but can commit monthly. The AlarmDaddy RD Calculator computes the maturity value of any bank or post-office RD using quarterly compounding.
Enter your monthly deposit, the annual interest rate, and the tenure. The calculator treats each monthly deposit as earning interest for the remaining months until maturity, then sums them up. RD rates in India closely track FD rates, currently around 6.5% to 7.5%. Like FDs, RD interest is taxable at your slab rate.
How to use this calculator
- 1Enter your monthly RD deposit amount.
- 2Enter the annual interest rate.
- 3Enter the tenure in months or years.
- 4Read the maturity value, total deposited, and interest earned.
The formula
Each monthly deposit P earns quarterly-compounded interest for the time remaining until maturity. The maturity value M is the sum of the compounded value of every instalment. r is the annual rate, and tₖ is the years remaining for the k-th deposit.