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Free Recurring Deposit calculator to calculate RD maturity amount, interest earned, and total savings online quickly and accurately.
Saving money regularly is one of the best habits for a secure future. A Recurring Deposit, also known as RD, helps you save a fixed amount every month and earn interest on it. To make this process simple, we have developed an easy-to-use Recurring Deposit calculator that helps you find your maturity amount in seconds.
Our free online Recurring Deposit calculator is designed for everyone. Whether you are a student, professional, or small investor, you can use this tool to plan your savings without any confusion. You do not need financial knowledge or complex formulas. Just enter your details and get accurate results instantly.
This calculator works based on bank-standard interest calculation methods and provides reliable results for better financial planning.
A Recurring Deposit calculator is an online tool that helps you calculate the total amount you will receive at the end of your RD tenure. It considers your monthly deposit, interest rate, and investment period to show your final maturity value.
Instead of doing manual calculations, this calculator gives you quick and error-free results. It also shows how much interest you will earn on your savings.
Using an RD calculator helps you compare different plans, set financial goals, and choose the best saving strategy.
Our online Recurring Deposit calculator saves time and effort. You do not need to visit a bank or consult an agent. You can calculate your RD amount anytime and anywhere.
It provides accurate results based on compound interest. It is user-friendly and works on mobile, tablet, and desktop devices. It helps you plan your monthly budget better and motivates you to save regularly.
This tool is ideal for people who want transparent and fast financial calculations.
Banks calculate RD maturity amount using compound interest. Most banks follow quarterly compounding.
The standard Recurring Deposit formula is:
M = P × ((1 + i)^n – 1) ÷ (1 – (1 + i)^(-1/3))
Where:
This formula considers that every monthly deposit earns interest for a different period. It gives accurate results according to banking standards.
Using our Recurring Deposit calculator is very simple.
Within seconds, the calculator will show your maturity amount, total deposit, and interest earned.
You can change the values anytime to compare different saving plans.
Let us understand with a simple example.
Suppose you deposit ₹2,000 every month for 2 years at an interest rate of 7.5 percent.
Monthly Deposit = ₹2,000
Tenure = 2 years = 24 months
Interest Rate = 7.5% per year
Step 1: Convert interest rate to quarterly rate
i = 7.5 ÷ 400 = 0.01875
Step 2: Convert tenure to quarters
2 years = 8 quarters
Step 3: Apply the formula
M = 2000 × ((1 + 0.01875)^8 – 1) ÷ (1 – (1 + 0.01875)^(-1/3))
After calculation, the maturity amount will be approximately:
Maturity Amount ≈ ₹52,500
Total Deposit = ₹48,000
Interest Earned ≈ ₹4,500
This means you earn around ₹4,500 as interest on your savings.
Our calculator is designed with simplicity and accuracy in mind. It uses the latest financial formulas and follows bank guidelines.
It does not require registration or personal details. It is completely free and safe to use.
The interface is clean and easy to understand. Even beginners can use it without any difficulty.
It helps you make smart saving decisions and build financial discipline.
A Recurring Deposit is a great way to build savings with low risk and guaranteed returns. But planning your investment is important for better results.
Our online Recurring Deposit calculator makes this planning easy. It gives fast, accurate, and reliable results. It helps you understand how much you will earn and how your money grows over time.
If you want to save regularly and achieve your financial goals, this RD calculator is the perfect tool for you.
Start using it today and take control of your future savings.
A Recurring Deposit is a savings scheme where you deposit a fixed amount every month and earn interest on it until maturity.
Yes, our calculator uses bank-approved compound interest formulas and provides highly accurate results.
Yes, you can use it for most banks, as they follow similar RD calculation methods.
Yes, this Recurring Deposit calculator is completely free and available online 24/7.
In most RD schemes, you cannot change the monthly amount after starting. However, you can use this calculator to plan before investing.
Yes, it shows total deposit, maturity amount, and interest earned separately.