About RD Calculator
Recurring Deposits (RDs) help you build savings through regular monthly deposits. Our RD calculator helps you estimate your maturity amount based on monthly deposit, tenure, and interest rate.
How RD Works: You deposit a fixed amount each month for a fixed tenure. Interest is compounded quarterly. At maturity, you receive the total deposits plus accumulated interest.
Interest Calculation: RD interest is calculated using the formula: M = R ร [(1+i)^n - 1] / (1 - (1+i)^(-1/3)), where R is monthly deposit, i is quarterly interest rate, and n is number of quarters.
Our calculator shows total deposits made, total interest earned, and final maturity amount.