RD Calculator
Calculate Recurring Deposit maturity. See how monthly deposits grow with compound interest.
RD Details
Total Deposited
₹3.00 L
Interest Earned
₹59,664
Maturity Amount
₹3.60 L
Year-wise — Deposited vs Interest Earned
Blue = Total deposited | Green = Interest earned (grows each year!)
Year-by-Year Growth
| Year | Total Deposited (₹) | Interest (₹) | Balance (₹) |
|---|---|---|---|
| 1 | 60,000 | 2,311 | 62,311 |
| 2 | 1.20 L | 9,099 | 1.29 L |
| 3 | 1.80 L | 20,686 | 2.01 L |
| 4 | 2.40 L | 37,418 | 2.77 L |
| 5 | 3.00 L | 59,664 | 3.60 L |
How RD Works
Recurring Deposit (RD) is like SIP for bank deposits. You deposit a fixed amount monthly, and the bank pays compound interest (usually quarterly compounding).
RD Formula
M = P × [(1+r/n)^(n×t) - 1] / [1 - (1+r/n)^(-1/3)]
Banks use a simplified quarterly compounding method. Each deposit earns interest from date of deposit until maturity.