RD Calculator
Calculate recurring deposit maturity and interest earned. Free online RD calculator using quarterly compounding as used by Indian banks.
After 24 months, your recurring deposit matures to ₹1,29,369.
Maturity value by year
Assumes quarterly compounding, as used by most Indian banks. Tenure is set in multiples of 3 months to match quarterly interest credits.
Frequently asked questions
How is RD interest calculated?
Indian banks compound recurring deposit interest quarterly. Each monthly instalment earns interest, compounded every quarter until maturity, using M = P x [(1 + i)^n - 1] / [1 - (1 + i)^(-1/3)], where P is the monthly deposit, i is the quarterly rate (annual rate / 4) and n is the number of quarters.
Why is the tenure set in steps of 3 months?
Because RD interest is compounded quarterly, the standard bank formula works in whole quarters, so the tenure is entered in multiples of 3 months. RD tenures typically range from 6 months to 10 years.
Related tools
Read the guide: How Is Recurring Deposit (RD) Interest Calculated?
Results are estimates for illustration only and not financial advice.