Recurring Deposit Calculator
Compute returns on monthly investments in recurring deposit schemes with our free Recurring Deposit Calculator. Whether you’re saving for a goal or building a habit of regular investments, get instant and accurate insights into your RD growth to plan your finances effectively.
Recurring Deposit Calculator
Frequently Asked Questions
Quick Tips for Using the Recurring Deposit Calculator
Our Recurring Deposit Calculator makes RD planning straightforward—here’s how to use it efficiently:
- Input Details: Enter your monthly deposit amount (e.g., ₹2,000), interest rate (e.g., 6% p.a.), and tenure (e.g., 2 years) to calculate your maturity amount accurately.
- Adjust Tenure: Experiment with different tenures to see how longer or shorter periods affect your total returns—ideal for matching your savings goals.
- Compounding Benefit: Most RDs offer quarterly compounding—ensure this aligns with your bank’s scheme to understand the true growth of your investment.
For example, depositing ₹5,000 monthly at 7% interest for 3 years with quarterly compounding yields a maturity amount of approximately ₹2,02,676. Try it now with your own RD details to see how small monthly savings can grow over time!