RD calculator
A recurring deposit's maturity amount, each month's deposit compounding quarterly. Free, with no account or uploads.
A recurring deposit at maturity
Type the monthly deposit, the bank's rate and the years.
The bank's rate; an example to type over.
At 7% a year
$34,740 after 10 years
$24,000 put in and $10,740 of interest. Each deposit compounds quarterly until the end, as many Indian banks reckon it; your bank's figure can differ a little.
At 7% money doubles in about 10.3 years by the rule of 72; exactly 10.2.
A little help along the way
Follow these steps. Every option is explained underneath. Everything runs in your browser; nothing is sent anywhere.
- Say what you are saving withMoney each month, a lump sum, both, a fixed or recurring deposit, or taking money out.
- Type the amounts and a rateThe rate is your own assumption; real returns go up and down.
- Choose the yearsCommon lengths are one press away.
- Read the answerWhat it comes to, what you put in and what it grew by, and when it doubles.
Questions people ask
- How is an RD worked out?
- Each month's deposit compounds quarterly until the deposit ends, as many Indian banks reckon it.
- Why does my bank's figure differ?
- Banks round and compound in their own ways, so their maturity amount can differ a little.
- Is tax taken out?
- No. Tax on interest depends on where you live and your income, so it is left out.
This page is the Savings calculator, opened for this one job; every other tool it has is one press away. Each of its settings is explained on the Savings calculator's own page.
Read the step-by-step guide