Introduction

A Recurring Deposit Calculator helps you estimate the total maturity amount and interest earned on your regular monthly savings. Simply enter your deposit amount, tenure, and interest rate — the tool instantly shows your final value. Whether you’re saving for education, travel, or an emergency fund, this calculator gives you a clear picture of your financial growth.

How the Recurring Deposit Calculator Works

A Recurring Deposit (RD) is a simple way to save consistently and earn interest safely. Unlike a lump sum investment, here you invest a fixed amount every month, and each deposit earns interest for the remaining tenure. The RD Calculator quickly computes the maturity value by applying compound interest to every monthly contribution, saving you from complex manual math.

You just need to:

1. Enter your monthly deposit amount (e.g., ₹1,000 or $100).
2. Choose your investment duration (in months or years).
3. Enter the expected annual interest rate.
4. The calculator instantly displays your maturity amount, total interest, and total deposits.

This tool uses the standard RD formula used globally by banks, ensuring realistic results. It supports both monthly and quarterly compounding frequencies, depending on how interest is calculated in your region.

Why Use the RD Calculator?

The main advantage of an RD Calculator is accuracy and speed. Manual calculations are difficult because each installment compounds differently. This tool eliminates guesswork by computing results instantly and allows you to:

• Compare returns for different tenures or interest rates.
• Plan savings for short-term and medium-term goals.
• Understand how compounding frequency affects maturity.
• Make better-informed financial decisions without spreadsheets.

You can also experiment — for example, see how a ₹1,000 deposit for 5 years compares to ₹2,000 for 3 years. These quick what-if checks help you plan with clarity.

When to Choose a Recurring Deposit

Recurring Deposits are ideal for:

• Individuals with regular monthly income who want safe, steady returns.
• Beginners or conservative investors looking for low-risk growth.
• Goal-based savers — for education, travel, or emergencies.
• Those who want guaranteed returns, unaffected by market volatility.

While RDs may offer lower returns than market-linked investments, their security, predictability, and disciplined approach make them a vital part of a balanced financial portfolio.

Example

If you invest ₹5,000 per month for 3 years at an annual interest rate of 6% (compounded quarterly), the maturity value would be approximately ₹1,96,500 — giving you ₹16,500 in interest.
That’s the power of regular saving with compounding!