RD Calculator
Estimate the maturity value of a recurring deposit from your monthly instalment, the rate quoted by your bank, and the tenure — using quarterly compounding.
Estimated Maturity Value
₹2,00,686
36 months · quarterly compounding at 7% p.a.
Total deposits
₹1,80,000
Estimated interest
₹20,686
- Deposits
- Est. Interest
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Growth over time
- Deposits
- Est. Interest
Year-by-year value
| Year | Deposits | Interest | Value |
|---|---|---|---|
| 1 | ₹60,000 | ₹2,311 | ₹62,311 |
| 2 | ₹1,20,000 | ₹9,099 | ₹1,29,099 |
| 3 | ₹1,80,000 | ₹20,686 | ₹2,00,686 |
Example calculation
Depositing ₹5,000 every month for 36 months at 7% (compounded quarterly) totals ₹1,80,000 in deposits and an estimated ₹20,686 in interest, for a maturity value of about ₹2,00,686.
What is a recurring deposit?
A recurring deposit (RD) lets you deposit a fixed amount every month for a chosen tenure and earn interest at a rate fixed when you open it. It combines the discipline of monthly saving with the predictability of a fixed deposit.
How RD interest is calculated
Most Indian banks compound RD interest quarterly. Each monthly instalment earns interest for the months it remains deposited:
M = Σ P × (1 + r/4)4 × nk / 12
where P is the monthly instalment, r the annual rate and nk the number of months the k-th instalment stays invested. The calculator sums this for every instalment.
RD vs FD
An FD invests one amount for the whole term, so all of it earns interest from day one. In an RD, later instalments earn interest for less time, so the total interest is lower than an FD of the same total amount — the trade-off for not needing the money upfront.
Assumptions & Limitations
- •Interest compounds quarterly, the common bank convention; confirm yours.
- •Instalments are assumed to be paid on time every month.
- •TDS and taxation are not applied to the maturity value shown.
- •Actual bank rounding conventions may differ slightly.
Frequently asked questions
Methodology last reviewed: 1 June 2026