RD Calculator
Estimate recurring deposit maturity when you save a fixed amount every month.
Recurring deposit result
Estimate how monthly deposits can grow over the selected tenure with the entered annual rate.
RD Calculator
Enter values and calculate instantly.
What is the RD Calculator?
A recurring deposit is a monthly saving plan where each installment earns interest until maturity. This calculator estimates total deposits, interest and maturity value from monthly deposit, annual rate and tenure.
Formula used
Formula: Each monthly installment is compounded for the months remaining until maturity. Maturity is the sum of all installment future values.
For RD estimates, enter the monthly installment only; the calculator builds the maturity by applying interest across the deposit schedule.
Input guide
| Monthly deposit | The amount saved every month. |
|---|---|
| Installments | The number of monthly deposits made during the tenure. |
| Interest rate | The annual rate used for the estimate. |
| Maturity value | Total deposits plus interest earned. |
Real-world examples and use cases
- Plan a monthly savings goal for fees, travel or purchases.
- Compare three-year and five-year RD outcomes.
- Estimate how much monthly deposit is required for a target amount.
- Compare monthly deposit saving with SIP investing.
Common mistakes
- Entering total planned deposit as the monthly deposit.
- Forgetting that early installments earn interest longer.
- Comparing RD and SIP without noting that SIP is market-linked.
- Ignoring tax on interest.
Limitations of this calculator
Actual RD maturity may differ because of bank compounding rules, delayed installment penalties, tax deductions and account-specific rounding.
How to use this result
This page is most useful for recurring deposit goal planning. Start with values that match your real situation, then change one input at a time to understand what affects the result most.
Use the result for checking how a monthly saving habit can build a target amount over time. If the number will be used for an official, financial, technical or purchase decision, keep the input values with the result so the estimate can be checked later.
Practical comparison table
| Small monthly deposit | Good for habit building, but maturity may be far from a large goal. |
|---|---|
| Longer tenure | Gives more installments and more time for interest. |
| Higher deposit | Usually changes maturity more directly than a small rate difference. |
Before you rely on the answer
- Enter only the monthly installment, not the full goal amount.
- Use the annual RD rate from the bank.
- Compare the result with the bank maturity schedule for final planning.
RD planning notes
Recurring deposits are useful when the saving amount comes from monthly income. If the target maturity is too low, increase monthly deposit first, then compare whether a longer tenure is still practical.
| Situation | What to check |
|---|---|
| Goal shortfall | Increase monthly deposit or tenure and recalculate. |
| Monthly budget | Check that the deposit amount can continue every month. |
Frequently Asked Questions
Is RD the same as SIP?
No. RD is a deposit-style savings product, while SIP is usually linked to mutual funds and market returns.
Does the calculator include missed installments?
No. It assumes regular monthly deposits for the selected tenure.
Can I use decimals for tenure?
Yes, but the result is rounded to monthly installments for calculation.
Helpful tips
- Check every input label before using the final result.
- Compare at least two scenarios for better planning.
- Keep units and periods consistent across all fields.
- Use official records or provider terms for final decisions.
Before you rely on the result
Estimate how monthly deposits can grow over the selected tenure with the entered annual rate.