An RD (Recurring Deposit) is a popular savings option that allows you to deposit a fixed amount every month and earn interest on it. Our RD Calculator helps you calculate the maturity value and total interest earned based on your monthly deposit, interest rate, and tenure.

How RD Calculator Works

The RD Calculator uses the compound interest formula to calculate maturity value:
M = P × ( (1 + r/n)^nt - 1 ) / (1 - (1 + r/n)^-1 )

Where:

• P = Monthly deposit
• r = Annual interest rate (in decimal)
• n = Compounding frequency (usually 4 for quarterly)
• t = Tenure in years

Why Use Our RD Calculator?

• Calculate accurate maturity value instantly
• Easy to compare RD returns from different banks
• No registration or signup required
• Supports Indian and international RDs

Benefits of Recurring Deposits

• Disciplined monthly savings
• Guaranteed returns
• Flexible deposit amount and tenure
• Low-risk investment for salaried individuals

Who Should Use the RD Calculator?

• Individuals planning monthly savings
• Students saving pocket money
• Employees planning short-term financial goals
• Anyone looking for fixed, risk-free income options

Frequently Asked Questions (FAQs)