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RD Calculator (recurring deposit maturity)

See the maturity amount of a fixed monthly deposit. Uses the quarterly compounding method of banks and the post office.

Quick answer

₹5,000 a month, 7%, 5 years: ₹3,59,664.

How it is calculated

  1. RD interest compounds quarterly: quarterly rate i = yearly rate ÷ 400, quarters = years × 4.
  2. Bank formula: M × ((1+i)^q − 1) ÷ (1 − (1+i)^(−1/3)).
  3. Interest earned = maturity − total deposited.

Worked example

An RD of ₹5,000 a month at 7% for 5 years. You deposit ₹3,00,000 and get ₹3,59,664 at maturity; interest ₹59,664.

Example values
Monthly deposit₹5,000
Rate7 % / yr
Time5 years
Result
Maturity amount₹3,59,664
You deposit₹3,00,000
Interest earned₹59,664
Formula

Indian bank RD formula, quarterly compounding

i = R/400
q = Y×4
A = i==0 ? M×Y×12 : M×((1+i)^q-1)/(1-(1+i)^(-1/3))
Maturity amount = A
You deposit = M×Y×12
Interest earned = A-M×Y×12

Good to know

Questions people ask

How is RD maturity worked out?

Each monthly instalment earns quarterly compound interest for the months left; this calculator uses the bank formula.

RD vs SIP?

An RD pays a fixed rate; a SIP goes into mutual funds and returns depend on the market.

Is RD interest taxable?

Yes, it is added to your income and TDS may be deducted.

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Updated 13 Nov 2026 · Desktop N Calculator v1.2.0