Calculate how your regular deposits grow over time — also known as Recurring Deposit (RD) in India
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Set your deposit amount, interest rate, and tenure to calculate the maturity value.
An RD calculator projects the maturity value of a Recurring Deposit (RD) — a bank savings product where you commit to depositing a fixed amount at regular intervals (weekly, bi-weekly, or monthly) in exchange for a guaranteed interest rate. Unlike an FD, where you deposit a lump sum once, an RD builds up through disciplined periodic installments, making it the go-to tool for savers who don't have a large amount on hand today but can commit a fixed sum every period. This RD maturity calculator and RD interest calculator supports 8 currencies (USD, EUR, GBP, AUD, CAD, SGD, JPY, INR), with content built primarily around Indian RD conventions.
You enter your installment amount, deposit frequency, annual interest rate, compounding frequency, and tenure, and the calculator applies the recurring deposit annuity formula, M = P × q × (qᴺ − 1) ÷ (q − 1), which accounts for the fact that every installment compounds for a different length of time depending on when it was deposited — the first installment earns interest for the whole tenure, the last installment for barely any time at all.
This tool suits salaried savers building an emergency fund from monthly income, anyone saving toward a specific short-term goal without a lump sum ready, and savers comparing an RD against a lump-sum alternative like an FD once they do have money to deposit all at once.
An RD's real strength isn't the interest rate — it's the discipline it enforces. Committing to a fixed installment every week or month builds a savings habit that a one-time lump-sum deposit doesn't, and because the rate is locked in and guaranteed, you know in advance exactly what your money will be worth at maturity. Understanding how deposit frequency and compounding frequency interact — since each installment starts compounding from a different date — helps you set a realistic target and choose the right combination of installment size and tenure to reach it.
Compounding frequency varies by bank and country — select your bank's method above
From currency to maturity value in under a minute
Select from 8 supported currencies — this sets a sensible default installment amount and typical rate for that market, around 6.5–7.5% for INR.
Choose weekly, bi-weekly, or monthly installments to match how you plan to save — monthly is the standard RD structure at most banks.
Input the fixed amount you'll deposit each period and the annual interest rate your bank offers.
Select daily, monthly, quarterly, or annual compounding to match your bank's actual RD terms — quarterly is most common in India.
Enter the tenure in months or years, then click Calculate Maturity to see your maturity amount, total invested, and interest earned, plus a growth chart.
A realistic INR recurring deposit calculation, step by step
Suppose you deposit ₹5,000 every month into an RD at 6.5% annual interest, compounded quarterly, for a 24-month tenure — this calculator's own INR defaults.
Explanation: Interest earned (₹8,425) is a much smaller share of the total than on a comparable lump-sum FD, because most of the ₹1,20,000 invested was only deposited recently — the last few installments barely have time to compound before maturity. This is the defining trade-off of an RD: it trades some compounding efficiency for the ability to save without needing the full amount upfront.
What your interest-to-invested ratio actually tells you
A quick way to gauge an RD's efficiency is the interest-to-invested ratio — interest earned divided by total amount invested. Because installments arrive gradually, this ratio is always lower than the nominal annual rate might suggest, and it drops further for shorter tenures.
| Interest-to-Invested Ratio | General Read | Typical Context |
|---|---|---|
| 10%+ | Strong return for the tenure | Longer tenures (5+ years) at competitive rates |
| 4% – 10% | Typical range | 1–3 year RDs at moderate rates (India ~6.5–7.5%) |
| Under 4% | Modest return — expected for short tenures | 6–12 month RDs, where little time exists to compound |
For short-term savers: a lower interest-to-invested ratio on a 6–12 month RD isn't a red flag — it's mathematically expected, since most installments barely have time to earn interest before maturity. The main value is the savings discipline, not the yield.
For long-term savers: if you're committing to a 3–5 year tenure and the ratio still looks thin, compare against a lump-sum FD funded incrementally, or a market-linked SIP if your risk tolerance allows — both can outperform an RD's return once you already have savings to redeploy.
Risk considerations: this calculator assumes every installment is made on time for the full tenure. Missed installments, premature closure, and TDS deductions all reduce the actual amount you receive versus this projection. Use the result as a planning estimate, not a guaranteed payout.
This tool provides general financial estimates for educational purposes only and does not constitute personalized financial or tax advice. RD rates, tax rules, and penalty terms vary by bank and country — confirm final figures with your bank or a licensed financial advisor before opening an account.
Where this RD calculator earns its keep
Build an emergency cushion gradually through disciplined monthly installments.
Save toward a wedding, vacation, or gadget purchase 6 months to 3 years out.
Accumulate enough through an RD to later move into a lump-sum FD or CD.
Compare a bank RD's maturity value against a Post Office Recurring Deposit.
Model a senior-citizen RD rate for predictable, disciplined retirement savings.
Compare weekly vs. bi-weekly vs. monthly installments to see the effect on maturity value.
Save gradually toward tuition, exam fees, or a child's education expenses.
Build a home or vehicle down payment through consistent monthly deposits.
See how a 0.5–1% rate difference between banks changes your maturity value.
Compare RD-equivalent savings plans across 8 currencies for relocation or remote-work planning.
What this RD calculator does well, and where it can't replace professional advice
How an RD stacks up against FD, CD, and Post Office schemes
| Feature | RD (Recurring Deposit) | FD (Fixed Deposit) | CD (Certificate of Deposit) | Post Office RD/NSC |
|---|---|---|---|---|
| Deposit style | Fixed installments (weekly/monthly) | One lump sum upfront | One lump sum upfront | Fixed monthly installments (RD) or lump sum (NSC) |
| Typical minimum | ₹100–500/month | ₹1,000–5,000 | $500–$1,000 | ₹100/month (RD) |
| Best for | Savers without a lump sum on hand | A lump sum you already have | US-based savers wanting a locked rate | Sovereign-backed, disciplined savers |
| Interest efficiency | Lower — most installments compound briefly | Higher — full principal compounds from day one | Higher — full principal compounds from day one | Similar to bank RD |
| Backed by | Bank (DICGC insured up to ₹5L) | Bank (DICGC insured up to ₹5L) | Bank (FDIC insured up to $250K) | Government of India (sovereign) |
Common questions about RD (Recurring Deposit) accounts
Official guidance to complement this calculator — not a substitute for licensed financial advice
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