Recurring deposit (RD) calculator

Q: Which formula does the recurring deposit (RD) calculator use?

Maturity = Σ deposit × (1 + R ÷ c)^(c × months left ÷ 12) The explanation below the calculator sets out each step and what the result leaves out.

Maturity amount of a monthly recurring deposit at the rate the bank offers you.

How the maturity amount is worked out

Maturity = Σ deposit × (1 + R ÷ c)^(c × months left ÷ 12)

Each monthly deposit is taken as made at the start of its month and earns interest, compounded c times a year, for the months left until maturity. Many banks compound recurring deposits every quarter; check your bank's method, since day counts and rounding can change the amount slightly.

This is an illustration from the rate you assume. It is not an offer, a forecast or investment advice, and it does not promise any return. The bank, post office or fund's own terms decide the actual amount.

Frequently asked questions

Which formula does the recurring deposit (RD) calculator use?

Maturity = Σ deposit × (1 + R ÷ c)^(c × months left ÷ 12)
The explanation below the calculator sets out each step and what the result leaves out.

What details do I need for the recurring deposit (RD) calculator?

You need: monthly deposit, interest rate and tenure.

Are these returns guaranteed?

No. The result uses the rate you assume and keeps it the same for the whole period. Market-linked returns change from year to year, and banks, post offices and funds apply their own rates and terms. Finobazaar does not fill in a product's rate unless a verified official rate is recorded, and then says so.