Recurring deposit maturity value. The RD Calculator takes monthly deposit, interest rate, tenure and returns maturity value plus total deposited, interest earned. Results update as you type, and the formula is shown under the result so you can repeat it in your own spreadsheet.
Government-backed schemes publish their interest rates quarterly and market-linked funds do not guarantee returns. Enter the current rate for the scheme and treat market-return assumptions as scenarios rather than promises. Use the worked example below to check the maths against your own figures.
How the RD Calculator works
Recurring deposits compound quarterly on the running balance. Post-office RDs run for five years; banks offer six months to ten years. Interest is taxable.
Worked example
With the example values (monthly deposit of ₹5,000, interest rate of 7%, tenure of 3 years), the maturity value is ₹200,686.49; total deposited ₹180,000.00, interest earned ₹20,686.49. Change any figure above and the result updates immediately; use Copy results to paste the summary into a note or email.
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Frequently Asked Questions
How is maturity value calculated?
maturity = R × [(1 + i)n − 1] ÷ [1 − (1 + i)−1/3], with i the quarterly rate and n the number of quarters.
Which figures do I need?
Monthly deposit, interest rate, tenure. Take them from the same period and the same set of accounts or reports so the ratio is consistent, and check the example values as a guide to the units expected.
Is the interest rate fixed?
Small-savings rates are reviewed by the government every quarter and bank rates change with policy; market-linked schemes have no fixed rate at all. Enter the current rate for your scheme and revisit the result when rates change.
