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RD Calculator

See how your monthly savings grow in a recurring deposit account.

STEP 1

Pick

STEP 3

Save

Fast. Local. Effortless.

Manage your sensitive files with zero uploads. Everything happens directly in your browser.

01

Monthly Deposit

Enter the fixed amount you will deposit every month.

02

Interest Rate

Enter the annual interest rate provided for the RD account.

03

Duration

Select the total number of months or years for the deposit.

Workflows & Solutions

Specialized Workflows & Use Cases

Tailored browser-based workflows designed for specific industry needs and compliance standards.

FEATURES

Disciplined Savings

Calculate how small monthly deposits grow into a significant corpus with steady interest.
PRIVACY

Accurate Interest

Calculates interest based on quarterly compounding, mapping directly to typical bank RD modules.
PRIVACY

Local Execution

All calculations are performed on gadget. No data is stored or transmitted.

Frequently Asked Questions

Everything you need to know about our private, browser-based file tools.

Important Note: Please don't blindly trust these results. This tool is built using standard mathematical formulas for estimation and planning purposes only. Real-world financial outcomes may vary depending on market conditions, taxes, fees, and institution policies.

Still have questions? Contact us or check our How it Works page.

What Is an RD Calculator?

A Recurring Deposit (RD) calculator estimates the maturity amount from fixed monthly deposits placed with a bank over a defined period. RDs are the bank-equivalent of SIP — you invest a fixed sum every month and receive guaranteed returns at a predetermined interest rate. Unlike SIP, RD returns are guaranteed and not linked to market performance.

RD vs FD vs SIP

  • RD: Monthly deposits, guaranteed returns, capital protection. Best for building a habit of saving from salary income.
  • FD: One-time lump sum, guaranteed returns. Best when you have a large amount to deploy safely.
  • SIP: Monthly investment in mutual funds, market-linked returns. Best for long-term wealth creation with higher risk tolerance.

RD Maturity Formula

Indian banks calculate RD maturity using quarterly compounding: M = R × [(1 + r/4)^(4n) - 1] / (1 - (1 + r/4)^(-1/3)), where R is the monthly deposit, r is the annual rate, and n is tenure in years. Current RD rates range from 5.5% to 8.5% p.a. depending on tenure and bank.

Related Tools

Also try the FD Calculator for lump-sum deposits and the SIP Calculator for market-linked monthly investing.