🏦 RD Calculator
Calculate Recurring Deposit (RD) maturity value
How to Use This Calculator
Enter Monthly Deposit
Input the amount you want to deposit monthly in RD.
Enter Interest Rate
Input the annual interest rate offered by the bank.
Enter Tenure
Input the RD tenure in years or months and select the tenure type.
Formula
RD Maturity Value = P × [((1 + r)^n - 1) / r]
Where P = Monthly Deposit, r = Monthly Interest Rate, n = Number of Months
About RD Calculator
The RD Calculator calculates the maturity value and returns on Recurring Deposit (RD) investments. RD is a savings scheme offered by banks where you deposit a fixed amount monthly for a fixed tenure and earn interest. RD is a safe, low-risk investment option suitable for disciplined savings.
RD typically offers interest rates similar to fixed deposits and has flexible tenures (usually 6 months to 10 years). The interest is compounded quarterly, and the maturity value is calculated using compound interest formula. RD is ideal for short to medium-term savings goals.
When to Use This Calculator
- Savings Planning: Calculate RD maturity value for savings goals
- Investment Planning: Plan RD investments for short to medium-term goals
- Goal Planning: Estimate RD returns for financial goals
Why Use Our Calculator?
- ✅ Accurate Calculations: Uses RD compound interest formula
- ✅ Easy to Use: Simple interface for quick calculations
- ✅ Free Tool: No registration required
Frequently Asked Questions
What is RD?
RD (Recurring Deposit) is a savings scheme where you deposit a fixed amount monthly for a fixed tenure and earn interest. It's a safe, low-risk investment option offered by banks.
How is RD maturity calculated?
RD maturity is calculated using compound interest: Maturity Value = P × [((1 + r)^n - 1) / r], where P is monthly deposit, r is monthly interest rate, and n is number of months.