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Investment

RD Calculator

Estimate the maturity value of your recurring deposit based on monthly contributions.

RD Calculator — Estimate the maturity value of your recurring deposit based on monthly contributions. Use FinWiz24's free rd calculator for accurate results.

Formula

FV = P × ((1+r)^n - 1) / r

P = Monthly deposit, r = Annual rate, n = Months

Results

Enter values above to see results

Formula

FV = P × ((1+r)^n - 1) / r

Recurring Deposit instalments are deposited monthly but interest compounds quarterly. The RD calculator applies the compound interest formula to your monthly contributions, giving the maturity value including all interest earned.

Example

A recurring deposit of ₹10,000 per month at 7% p.a. for 3 years

Input Values

Monthly Deposit (₹)₹10,000.00
RD Rate (% p.a.)7%
Tenure (months)₹36.00

Calculation

Applying the formula with the input values above:

Results

Maturity Amount

₹3,94,640.00

Total Investment

₹3,60,000.00

Interest Earned

₹34,640.00

How to Use This Calculator
  1. 1Enter the monthly RD instalment amount you plan to save.
  2. 2Input the recurring deposit interest rate (usually same as FD rates).
  3. 3Select the RD tenure from 6 months to 10 years.
  4. 4The interest is compounded quarterly though you deposit monthly.
  5. 5Premature withdrawal attracts penalty; plan your tenure accordingly.