Recurring Deposit Calculator
Calculate RD maturity value, total investment, and interest earned instantly. Perfect for planning your recurring deposit savings accurately.
Recurring Deposit Calculator
Calculate maturity and interest earned on your recurring monthly deposits.
Maturity Amount
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Interest Earned
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*Calculations are approximate and for illustrative purposes only.
About the Recurring Deposit Calculator
MagnetaTools’ RD Calculator helps you estimate the maturity value and interest earned on recurring deposits based on your monthly investment, interest rate, and tenure.
It uses the standard compound interest formula with quarterly compounding - providing accurate results as per most Indian banking standards.
All calculations happen locally in your browser for complete privacy. Whether you’re comparing RD returns or planning long-term savings, this tool makes it simple and precise.
Formula used: M = P × [(1 + r/n)^(n×t) – 1] / (1 – (1 + r/n)^(-1/n)), where M = maturity amount, P = monthly deposit, r = annual interest rate, n = compounding frequency, and t = time (years).
Common use cases: calculate RD for 1 year, 5 years, or 10 years; compare interest rates from banks like SBI, HDFC, ICICI, and Post Office schemes.