RD (Recurring Deposit) Calculator
📆 Recurring Deposit (RD) Calculator
Recurring Deposit (RD) Calculator – Estimate Your RD Maturity
Use our free RD Calculator to calculate maturity value and interest earned from a recurring deposit. This tool is helpful for investors looking to save a fixed amount every month with steady growth at a fixed interest rate.
What is a Recurring Deposit?
Recurring Deposit (RD) is a popular financial instrument offered by banks and post offices where investors deposit a fixed amount monthly for a fixed tenure and earn a fixed interest. It’s safe, disciplined, and offers guaranteed returns.
RD Maturity Formula
M = P × n + (P × n(n+1) × r) / 2400
- P = Monthly deposit
- n = Total months
- r = Annual interest rate
Why Use Our RD Calculator?
- ✅ Instant RD maturity calculation
- ✅ Visual chart for total deposit vs interest
- ✅ Multiple currencies supported
- ✅ No need for Excel or bank tools
Example:
If you deposit ₹2,000 per month for 5 years (60 months) at 7% interest, the maturity value would be approximately ₹1,47,419.
Benefits of Recurring Deposits
- ✔️ Safe and low-risk savings option
- ✔️ Encourages regular saving habits
- ✔️ Ideal for salaried individuals, students, and retirees
- ✔️ Fixed returns with capital protection
Start planning your finances better with our easy-to-use Recurring Deposit calculator and visualize how your savings can grow month-by-month with guaranteed interest!