About

This Recurring Deposit calculator helps you calculate the maturity value of your RD account based on your monthly deposit, interest rate, and tenure.

How this online RD calculator helps you?

This online RD calculator helps you plan your savings by calculating the maturity amount based on different monthly deposits, interest rates, and tenures.

The formula to determine Recurring Deposit maturity amount

The formula to calculate RD maturity amount is:

M = P * [(1 + i)^n - 1] / (1 - (1 + i)^-1/3)

Where:
M = Maturity amount
P = Monthly deposit
i = Quarterly interest rate
n = Number of quarters

How to use this calculator

To use this calculator, enter the monthly deposit, interest rate, and tenure. The calculator will provide the maturity value for your RD account.