RD Calculator
Estimate recurring-deposit maturity.
About this tool
This recurring-deposit calculator estimates the maturity value of regular monthly deposits at an assumed annual rate. Its formula models each deposit as being made at the beginning of a monthly period; a bank’s exact schedule and compounding convention may differ.
How to use this calculator
- Enter the monthly deposit.
- Enter the assumed annual interest rate and duration in years.
- Calculate total deposits, estimated interest and maturity value.
Formula
Worked example
If you deposit ₹5,000 monthly for 5 years, total contributions are ₹3,00,000 before interest. The maturity estimate adds projected interest under the selected rate.
Frequently asked questions
How much do I deposit over five years at ₹5,000 per month?
There are 60 monthly deposits, so contributions total ₹3,00,000 before interest.
Is RD interest taxable?
Interest may be taxable under applicable rules. This calculator does not calculate tax; verify current rules for your circumstances.
Why may the bank quote a different maturity amount?
Deposit timing, compounding rules, instalment due dates, rounding and product terms can change the exact result.
Can I change the monthly instalment?
This estimate assumes the same monthly deposit throughout the selected term. It does not model changing or missed instalments.
SolveKit provides general calculations for information and planning. Results depend on the values and assumptions entered. For financial, investment, payroll or tax decisions, confirm the applicable product terms and current rules with an authoritative source or qualified professional.