Finance
RD Calculator Guide — Recurring Deposit Maturity in India
Understand how recurring deposit maturity is calculated for monthly instalments and estimate returns with our free RD calculator for India.
A recurring deposit (RD) lets you save a fixed amount every month while earning bank interest. It is ideal for disciplined saving toward a specific goal — a vacation, gadget or wedding fund.
RD maturity formula
Indian banks typically use:
M = R × [(1+i)^n − 1] / i × (1+i)
- R = monthly deposit
- i = monthly interest rate (annual ÷ 12)
- n = number of months
RD vs SIP
RDs offer predictable bank returns with low risk. SIPs in mutual funds can deliver higher long-term growth but with market volatility. Many savers use RDs for short goals and SIPs for longer horizons.
Post office and bank RDs
Post office RDs run for 5 years; banks offer flexible tenures. Compare rates and premature withdrawal rules before opening an account.
Calculate your RD maturity
Our RD Calculator applies the standard formula — enter monthly deposit, rate and tenure to see maturity value and interest earned.
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