RD Calculator – Calculate Recurring Deposit Returns Instantly
Want to grow your monthly savings with guaranteed returns? A Recurring Deposit (RD) is a safe and disciplined way to do just that. But how do you know what your maturity amount will be?
That’s where an RD Calculator comes in! It helps you estimate the final amount you’ll receive, including the interest, with zero effort. No need for complex math—just enter a few details and get instant results.
What is a Recurring Deposit Calculator?
An online RD calculator is a smart tool that shows you how your monthly savings will grow over a chosen tenure, based on:
- ✔️ Monthly deposit amount
- ✔️ Interest rate offered by the bank
- ✔️ Tenure (duration of investment)
- ✔️ Compounding frequency (usually quarterly)
It helps you plan better, compare banks, and set achievable savings goals.
How Does the RD Calculator Work?
Recurring Deposits grow with compound interest, and the formula used is:
M = P × [(1 + r/n)n×t - 1] / [1 - (1 + r/n)-1]
- M = Maturity amount
- P = Monthly investment
- r = Annual interest rate (in decimals)
- n = Compounding frequency (usually 4)
- t = Tenure in years
The calculator performs this instantly and gives you clear, accurate numbers.
How to Use the RD Calculator?
- 1️⃣ Enter the monthly deposit amount (e.g., ₹3,000)
- 2️⃣ Choose your desired tenure (e.g., 3 years)
- 3️⃣ Enter the annual interest rate (e.g., 6.8%)
- 4️⃣ Select the compounding frequency (Quarterly is standard)
- 5️⃣ Click “Calculate” to view your total maturity and interest earned!
Example Calculation
Let’s say you invest ₹3,000 per month in an RD for 3 years at 6.8% annual interest, compounded quarterly.
- 🔹 Total Invested: ₹1,08,000
- 🔹 Maturity Amount: ₹1,15,676
- 🔹 Total Interest Earned: ₹7,676
That’s solid growth with no risk at all!
Why Use an RD Calculator?
- ✅ Get Accurate Results – Know how much you’ll earn before you invest.
- ✅ Compare Options – Try different amounts, tenures, and banks.
- ✅ Goal-Based Saving – Know how much to save monthly for vacations, gadgets, or emergencies.
- ✅ Save Time – Skip manual calculations and avoid errors.
Factors That Affect RD Returns
- 📌 Monthly Deposit Amount – Higher deposits mean more returns.
- 📌 Interest Rate – A small change can impact your maturity amount.
- 📌 Tenure – Longer terms mean more interest.
- 📌 Compounding Frequency – Quarterly compounding grows money faster.
- 📌 Premature Withdrawal – Might reduce your final payout.
Adjust these in the recurring deposit calculator to see their impact.
Final Thoughts
A Recurring Deposit is ideal for disciplined savers looking for secure growth. Using an RD interest calculator gives you clarity, control, and confidence in your savings journey.
Try the online RD calculator today and start planning your goals with ease! 🚀💸