RD calculator
Enter the monthly deposit, the interest rate and the tenure. Each instalment is compounded quarterly for the time it stays with the bank, and the calculator totals them into a single maturity value.
Maturity value
₹3,57,300
60 monthly instalments at 6.75%
- Total deposited
- ₹3,00,000
- Interest earned
- ₹57,300
- Return on deposit
- 19.10%
- Effective monthly rate
- 0.5594%
- Deposited₹3.00 L · 84.0%
- Interest₹57.30 K · 16.0%
Each instalment earns interest only for the time it stays with the bank, and every instalment is compounded quarterly at (1 + rate/4)^(1/3) − 1 per month.
Year-wise RD growth
| Year | Deposited | Interest | Value |
|---|---|---|---|
| Year 1 | ₹60.00 K | ₹2.23 K | ₹62.23 K |
| Year 2 | ₹1.20 L | ₹8.76 K | ₹1.29 L |
| Year 3 | ₹1.80 L | ₹19.90 K | ₹2.00 L |
| Year 4 | ₹2.40 L | ₹35.97 K | ₹2.76 L |
| Year 5 | ₹3.00 L | ₹57.30 K | ₹3.57 L |
How to use this calculator
Enter the monthly deposit, the interest rate and the tenure. Each instalment is compounded quarterly for the time it stays with the bank, and the calculator totals them into a single maturity value.
Free recurring deposit calculator with Indian quarterly compounding. See the maturity value, total interest and a year-wise growth table for any monthly RD instalment and tenure.
Frequently asked questions
How is RD interest calculated?+
Each monthly instalment earns interest from the day it is deposited, compounded quarterly at (1 + rate/4)^(1/3) − 1 per month. The maturity value is the sum of every instalment plus its own interest.
Is an RD better than a SIP?+
An RD gives a guaranteed, insured return, so it suits money you cannot afford to lose. A SIP is market-linked and has historically returned more over long horizons, but with volatility.