savings Calculator
RD Calculator
Calculate maturity amount for Recurring Deposits. See how regular monthly deposits grow over time with compound interest.
₹10,000
₹
₹100₹1,00,00,000
%
115
months
6120
Results
Maturity Amount
₹0
Total Deposited
₹0
Total Interest
₹0
How to Use RD Calculator
- 1
Enter your monthly deposit amount
- 2
Input the annual interest rate
- 3
Specify the RD tenure in months
- 4
View maturity amount and interest earned
RD Calculator Formula
M = P × [(1 + r/n)^(n×t) - 1] / (1 - (1 + r/n)^(-1/3)), where quarterly compounding is usedExample Calculation
Input Values
Monthly Deposit
₹10,000
Interest Rate (Annual)
7 %
Tenure
60 months
Results
Maturity Amount
₹7,19,048
Total Deposited
₹6,00,000
Total Interest
₹1,19,048
Frequently Asked Questions
What is the minimum RD amount?
Most banks allow RD starting from ₹100-500 per month. Some banks have higher minimums.
Can I change RD amount?
No, RD amount is fixed. You can open a new RD for additional savings or close the existing one.
What happens if I miss an RD installment?
Banks charge a penalty (around 1-2% per month) for missed installments. Continuous defaults may close the RD.