Calculate the maturity value of your Recurring Deposit based on monthly deposits.
Assumes quarterly compounding, the standard method used by Indian banks for recurring deposits.
A Recurring Deposit, or RD, is a savings option offered by banks and post offices where you deposit a fixed, smaller amount every month instead of one large amount at once. Over the tenure you choose, your monthly deposits add up while also earning interest, helping you build a savings habit and grow your money at the same time.
An RD works well for people who don't have a large lump sum to invest right away but can comfortably set aside a smaller fixed amount each month — like saving for a vacation, a gadget, or building an emergency fund. It's often described as a more disciplined alternative to keeping money in a regular savings account, since you commit to a fixed monthly deposit for the full tenure.
To use this calculator, enter how much you plan to deposit every month, the interest rate offered by your bank, and how many months you plan to continue the RD. The calculator then shows you the maturity amount — the total money you'll receive at the end — along with how much of that is your own deposits and how much is interest earned.
Indian banks typically compound RD interest quarterly, and this calculator uses that same standard method, so the numbers you see should closely match what your bank would offer. Keep in mind that interest rates can vary between banks and change over time, so it's worth comparing a few options before opening an RD.
Most banks allow you to withdraw an RD before its maturity date if needed, though this usually comes with a penalty that reduces the interest rate you earn. It's a good idea to check your bank's specific rules on premature withdrawal before you start, especially if there's a chance you might need the money early.
