Skip to content
2x2xKit

Recurring Deposit Calculator

Calculate the maturity value of a monthly recurring deposit.

How this is calculated
M = R × [(1+i)ⁿ − 1] / (1 − (1+i)^(−1/3)), i = quarterly rate, n = tenure in quarters

Assumptions used in this calculation

  • Compounding frequency: Interest is compounded quarterly on the accumulated balance, the standard convention for Indian bank RDs.

About this calculator

The recurring deposit (RD) calculator computes the maturity value of equal monthly deposits with interest compounded quarterly, the standard formula used by Indian banks for RD accounts.

Worked example

₹5,000/month at 7% for 24 months

Result: Maturity value ≈ ₹1,29,099

Was this helpful?

Frequently asked questions

Related calculators

Fixed Deposit Calculator

Calculate the maturity value of a bank fixed deposit.

Savings Goal Calculator

Find how much you need to save monthly to reach a savings goal.

Popular

SIP Calculator

Estimate the future value of a monthly SIP (Systematic Investment Plan).