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RD Calculator

A Recurring Deposit lets you save a fixed amount every month at a guaranteed interest rate — perfect for short-term goals.

₹
₹500₹1,00,000
%
1%12%
yrs
1 yrs10 yrs
Total Deposited₹3,00,000
Interest Earned₹56,863
Maturity Value₹3,56,863
SIP

Formula

M = Σ [ R × (1 + i)^(n−k+1) ]

Future value of monthly recurring deposits with quarterly compounding.

Where

  • M= Maturity value
  • R= Monthly deposit
  • i= Quarterly rate (annual ÷ 4)
  • n= Total quarters

How to use the RD Calculator

  1. 1Enter your monthly deposit.
  2. 2Set the bank's RD rate.
  3. 3Pick tenure (1–10 years).

Why it matters

  • Habit-forming saving.
  • Guaranteed returns.
  • Low minimum amount.

Ready to invest?

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Frequently asked questions

RD vs SIP — which is better?+

RD is risk-free with fixed returns. SIP in equity has higher long-term return potential but with market risk.