In a Recurring Deposit (RD), interest is calculated using the monthly compound interest formula because you deposit a fixed amount every month, and each installment earns interest for the remaining tenure.
The formula for RD maturity amount is approximately:
RD Maturity = Monthly Deposit × [(1 + r/n)nt – 1] / [1 – (1 + r/n)-1/n]
Where:
This formula calculates the total maturity value of your recurring deposits, including the interest earned on each monthly installment. Understanding the RD calculation formula helps you plan your recurring deposit investments effectively.
This Recurring Deposit (RD) Calculator helps you calculate the maturity amount and total interest earned on your recurring deposit investments. By entering your monthly deposit amount, interest rate, and tenure, you can instantly estimate how much your RD will grow.
The calculator uses the standard RD compound interest formula to provide accurate RD maturity values, making it perfect for planning your bank RD or post office recurring deposit schemes.
This online RD calculator India is designed to be mobile-friendly so you can easily estimate your returns anytime, anywhere. It’s an essential tool for anyone looking to grow their savings with a safe and disciplined investment option.
This online RD calculator India helps you estimate returns on your recurring deposit investments and compare different RD schemes offered by banks and post offices.