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RD Calculator - Recurring Deposit Calculator Online India
Grow your savings with our RD calculator
See how your monthly deposits can accumulate over time at the latest RD interest rates and plan your financial goals.
Recurring Deposit (RD)
A Recurring Deposit (RD) lets you deposit a fixed amount every month for a chosen tenure, growing into a sizable corpus with interest. Unlike FDs, RDs allow you to save gradually without straining your budget.
RDs are low-risk, flexible, and widely offered by banks. You can choose the monthly deposit and tenure to suit your needs, making it ideal for small investors or anyone building a long-term corpus.
Calculating RD returns manually can be tricky. An RD calculator helps you instantly estimate your maturity amount and plan smarter.
Recurring Deposit Calculator Online
Our RD Calculator is there to let you estimate how your monthly deposits will grow over the tenure of your Recurring Deposit. You just have to enter your monthly deposit, tenure, and RD interest rate. You can instantly see your maturity amount.
You can adjust the monthly deposit or tenure to explore different savings scenarios. The calculator assumes quarterly compounding, giving you a clear view of your RD growth over time.
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How Does an RD Interest Calculator Assist?
An RD interest calculator shows how your recurring deposits accumulate over time and what your maturity value will be. You can tweak the monthly contribution, tenure, or interest rate to explore different growth scenarios and plan your savings effectively.
The advantage of using the calculator is that it provides a precise estimate instantly, helping you make informed decisions about which RD plan meets your financial goals.
Tip: Increasing your monthly deposit or choosing a longer tenure can significantly boost your corpus, while smaller deposits or shorter tenures reduce the final amount.
Know How to Use the MyMudra RD Calculator
Using MyMudra’s RD Calculator is simple. Just enter three key inputs:
- Monthly Investment (₹)
- Rate of Interest (p.a. %)
- Time Period (years)
The calculator instantly shows:
- Invested Amount
- Estimated Returns
- Final Value
Plan your savings smarter and see how your recurring deposits grow over time.
The RD Calculator Formula With Example
Calculating RD maturity manually can be tricky, but understanding the formula helps you see how your recurring deposits grow over time.
The standard formula for RD maturity:
A = P × ( 1 + R N )NT
Components:
- A - Maturity amount
- P - Monthly deposit
- R - Annual interest rate (in decimal)
- N - Number of compounding periods in a year (quarterly = 4)
- t - Total number of years
Example:
Monthly deposit: ₹4,000 | Tenure: 12 months | Interest: 7.5% p.a.
| Month | Deposit (₹) | Interest Earned (₹) | Closing Balance (₹) |
|---|---|---|---|
| 1 | 4,000 | 7.47 | 4,007.47 |
| 2 | 4,000 | 15.01 | 8,022.48 |
| 3 | 4,000 | 22.61 | 12,045.09 |
| 4 | 4,000 | 30.28 | 16,075.37 |
| 5 | 4,000 | 38.01 | 20,113.38 |
| 6 | 4,000 | 45.82 | 24,159.20 |
| 7 | 4,000 | 53.69 | 28,212.89 |
| 8 | 4,000 | 61.63 | 32,274.52 |
| 9 | 4,000 | 69.65 | 36,344.17 |
| 10 | 4,000 | 77.73 | 40,421.90 |
| 11 | 4,000 | 85.89 | 44,507.79 |
| 12 | 4,000 | 94.13 | 48,601.92 |
Total Maturity Value: ₹48,601.92
Using an RD calculator, you get this exact number in seconds, without any manual computation.
Benefits of Using a Recurring Deposit Calculator Online
Time
Performs calculations in seconds, saving you time and effort.
Accuracy
Provides precise estimates with zero manual errors when inputs are correct.
Free
Use the calculator as many times as needed without any cost.
Comparison
Compare different RD plans across banks to choose the best option.
Convenience
Simple to use online—just input your data and get instant results.
Flexibility
Calculate either the maturity value or the required monthly deposit for a target amount.
Clarity
Helps explain and justify your RD choices to family or decision-makers.
Planning
Evaluate RDs against other investment options to make informed financial decisions.
Who Should Use an RD Calculator?
A recurring deposit calculator online is ideal for anyone looking to plan disciplined savings and track returns on RDs. People who may find it useful are:
- New investors can understand how monthly deposits grow over time.
- Salaried professionals to plan savings around recurring household expenses.
- Short-term planners estimate a corpus for goals like vacations, gadgets, or emergency funds.
- Retirement planners need to see how recurring deposits can contribute to a long-term corpus.
- Comparison seekers to analyse recurring deposit interest rates across banks and choose the best option.
Whether you want to calculate the maturity amount or find the required monthly deposit, an RD calculator simplifies planning and helps you save smarter.
FAQs for RD Calculator
What if I close my RD before maturity?
You may close your RD early, but the interest will be paid only until the closing date. Some banks may also charge a penal fee, which is not factored into the RD interest calculator.
Can I use the calculator to find the monthly deposit for a target amount?
Yes. The recurring deposit calculator online can work both ways—calculate the maturity value from monthly deposits or the required deposit for a desired corpus.
Is the RD calculator accurate?
Yes, the calculator provides precise estimates based on the input values. However, actual returns may vary slightly due to rounding, TDS, or early withdrawal penalties.