RD Calculator
Calculate recurring deposit maturity value from monthly deposits.
A recurring deposit is the disciplined sibling of the fixed deposit: instead of one lump sum, you commit a fixed amount every month, and each installment earns interest from its own deposit date to maturity. That staggered structure means the maturity math isn't a single compound-interest formula but an annuity — hard to do mentally, easy to get wrong on paper.
This calculator computes the maturity value, total amount deposited and interest earned for any monthly deposit, interest rate and tenure in months. Use it to plan a savings goal, compare RD returns against an SIP, or check the maturity figure your bank quotes.
How to use RD Calculator
- 1
Enter the monthly deposit
The fixed amount you'll deposit each month.
- 2
Enter the annual interest rate
The RD rate quoted by your bank.
- 3
Enter the tenure in months
Typical RDs run 6 to 120 months.
Features
- Monthly annuity calculation with compounding
- Splits maturity into deposits vs interest earned
- Any tenure from a few months to 10 years
Frequently asked questions
Common mistakes to avoid
- Comparing an RD's fixed-rate maturity against an SIP projection at an assumed return as if both were guaranteed.
- Missing installments — banks charge penalties that quietly reduce the effective yield.
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