### 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.