₹2,69,052 in today's money
At 6% inflation, ₹3,60,053 in 5 years buys what ₹2,69,052 buys today.
Purchasing power calculatorRecurring Deposit Calculator
Maturity value of a monthly recurring deposit.
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Recurring Deposit Calculator
Maturity value of a monthly recurring deposit.
5 thousand · type 5k, 1.5L or 2cr
% p.a.
years
Maturity value₹3,60,053
₹5,000 a month for 5 years at 7% matures at ₹3,60,053: ₹60,053 of interest before tax.
- You deposit₹3,00,000
- Interest₹60,053
- Money multiplied1.2×
Growth is 20% of what you put in
Keep going and growth overtakes your contributions in year 18.
Waiting a year costs ₹82,396
Starting a year later and stopping at the same time ends at ₹2,77,656 instead of ₹3,60,053.
Year by year
How the recurring deposit (RD) calculator works
A Recurring Deposit (RD) is a savings tool that allows you to deposit a fixed sum monthly at a guaranteed interest rate, building the investment gradually. This calculator compounds each deposit monthly; banks usually compound RD interest quarterly, so a bank quote can differ slightly.
How to Use: 1. Enter your fixed "Monthly deposit" amount. 2. Input the RD annual "Interest rate". 3. Set the "Tenure" in years.
Understanding the Results: The "Maturity value" shows the final payout after the tenure. Because RD deposits are made monthly, earlier deposits earn interest for more months than later ones. The results display your total deposits and the accumulated interest growth.
The formula
Maturity = M × [((1 + i)^n − 1) ÷ i] × (1 + i)
- M: the monthly deposit
- i: the monthly rate: annual rate ÷ 12
- n: the number of months
This calculator compounds each deposit monthly from the month it is made. Banks usually compound RD interest quarterly, so a bank’s maturity quote can differ slightly.
A worked example
Depositing ₹5,000 a month for 5 years at 7% adds up to ₹3,00,000 and matures at about ₹3,60,053 here: ₹60,053 of interest before tax.
Questions people ask
How is RD maturity calculated?
Each monthly deposit earns interest from the month it is made until maturity. This calculator compounds monthly; most banks compound RD interest quarterly, so expect a bank’s quote to differ a little from the figure here.
What happens if I miss an RD instalment?
Most banks charge a small penalty for a missed instalment, and some close the RD after several misses. The terms differ by bank, so check yours.
Is RD interest taxable?
Yes, in the same way as FD interest: it is added to your income and taxed at your slab rate, and TDS may apply. The calculator shows figures before tax.
Related calculators
- FD Calculator: Calculate fixed deposit maturity value and interest earned with quarterly compounding. Compare FD tenures and rates in seconds.
- SIP Calculator: Free SIP calculator: see how a monthly mutual-fund SIP compounds over time, total invested vs. projected value, and plan your SIP in seconds.
- PPF Calculator: Project your PPF balance year by year with annual contributions and the current interest rate. Plan tax-free, long-term savings.
Further reading
Sources
Estimates are for illustration only and assume constant returns. Actual returns vary with market conditions. This is not investment advice.