Calculate recurring deposit maturity
Estimate the maturity value of a monthly recurring deposit.
The fixed amount you'll deposit every month.
Your bank's quoted RD rate and how many months you'll deposit for.
The final amount, and how much of it is interest.
Frequently asked
How is RD maturity calculated?
Using the standard formula banks publish for recurring deposits, which compounds quarterly on the running balance of monthly deposits.
Why might my bank's number differ slightly?
Small differences can come from rounding conventions or the exact day deposits are credited. The formula itself is the standard one used across most banks.
Can I change the monthly deposit partway through the tenure?
No, this models a fixed monthly deposit for the full tenure, matching how a standard bank RD works. A changed deposit amount isn't supported mid-calculation.
Does it account for tax on the interest earned?
No, this shows the gross maturity value before tax. RD interest is taxable as income, and TDS may apply above a threshold.
What happens if I miss a monthly deposit?
This calculator assumes every deposit is made on schedule. A missed deposit in a real RD may incur a penalty depending on your bank, which isn't modeled here.
Can I use this to plan a specific savings goal?
Yes, try different monthly deposit amounts until the maturity value matches your target.