Deposit planner
RD Calculator
Plan regular monthly savings and estimate the maturity value of a recurring deposit.
Calculator
Calculate RD maturity value
Enter the monthly deposit, annual interest rate, and duration.
RD year-wise growth
Review estimated annual deposit value and interest.
| Year | Total deposits | Estimated value | Estimated interest |
|---|---|---|---|
| Your projection will appear here. | |||
Last updated: May 2026
What is this calculator?
This RD calculator estimates maturity value from a recurring monthly deposit, interest rate, and duration.
Formula used
Future Value = P x [((1 + r)n - 1) / r] x (1 + r), using monthly deposits and monthly interest rate.
Example calculation
A Rs. 5,000 monthly RD for 5 years at 7% estimates maturity value after 60 deposits.
How to use it
- Enter your monthly RD deposit.
- Add the annual interest rate.
- Choose the deposit duration.
- Review maturity value and interest estimate.
Benefits
- Plan disciplined monthly savings.
- Estimate maturity before opening an RD.
- Compare interest rates and tenures.
Common mistakes
- Assuming all banks compound interest the same way.
- Ignoring tax on interest.
- Missing premature withdrawal rules.
FAQs
Do banks calculate RD interest the same way?
Bank rules may differ, often using quarterly compounding.
Is RD suitable for short-term goals?
It can be useful for predictable savings goals, depending on product terms.
Disclaimer
This is a simplified estimate. Actual bank RD maturity values can differ by compounding rules, tax, and product terms.