Recurring Deposit Calculator

Use our free recurring deposit calculator to estimate the maturity amount for your RD (Recurring Deposit) account. Calculate how monthly deposits grow with compound interest over the deposit term.

Financial

Currency

Monthly Deposit Amount

Annual Interest Rate (%)

Deposit Term (years)

years

Compounding Frequency

Formula

A Recurring Deposit (RD) is a systematic savings plan where you deposit a fixed amount every month and earn compound interest. This calculator shows the maturity amount, total deposits, and interest earned.

M = R × [((1+r/n)^(nt) - 1) / (1 - (1+r/n)^(-1/n))]

Percentage: The percentage value you want to apply

Number: The original number or value

Result: The calculated result

How It Works

1Enter your monthly deposit amount.
2Set the annual interest rate offered by the bank.
3Choose the deposit term in years.
4The calculator computes the maturity value using quarterly compounding (standard for RDs).

Examples

$5,000/month for 5 years at 6.5% compounded quarterly

1.Total deposits = $5,000 × 60 = $300,000
2.Quarterly rate = 6.5%/4 = 1.625%
3.Maturity ≈ $352,000 (varies by compounding)

Result: $352,486

Frequently Asked Questions

A Recurring Deposit is a savings product where you deposit a fixed amount monthly and earn interest at a fixed rate, typically compounded quarterly.

RD interest is compounded quarterly. Each monthly installment earns interest for its specific tenure, and the total maturity is the sum of all installments plus interest.

Most banks allow early withdrawal but may charge a penalty or pay a reduced interest rate.

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Recurring Deposit Guide

CalculateMe Team

Last updated: 2026-07-15

Frequently Asked Questions

A Recurring Deposit is a savings product where you deposit a fixed amount monthly and earn interest at a fixed rate, typically compounded quarterly.

RD interest is compounded quarterly. Each monthly installment earns interest for its specific tenure, and the total maturity is the sum of all installments plus interest.

Most banks allow early withdrawal but may charge a penalty or pay a reduced interest rate.

Recurring Deposit Calculator

Formula

How It Works

Examples

$5,000/month for 5 years at 6.5% compounded quarterly

Frequently Asked Questions

What is a Recurring Deposit?

How is RD interest calculated?

Can I withdraw from an RD early?

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Recurring Deposit Calculator

Formula

How It Works

Examples

$5,000/month for 5 years at 6.5% compounded quarterly

Frequently Asked Questions

What is a Recurring Deposit?

How is RD interest calculated?

Can I withdraw from an RD early?

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