RD Maturity Calculator
Enter your monthly deposit, rate and tenure to see the maturity amount your recurring deposit will pay out.
Results
Maturity value
₹7,09,908.20
- Total deposited
- ₹6,00,000
- Interest earned
- ₹1,09,908.20
Depositing ₹10,000.00 a month for 5 years at 6.5% gives a maturity value of ₹7,09,908.20, of which ₹1,09,908.20 is interest.
Deposit growth
- Deposits
- Interest earned
Balance by year (5 rows)
| Period | Deposited | Interest | Balance |
|---|---|---|---|
| Year 1 | ₹1,20,000 | ₹4,286.46 | ₹1,24,286.46 |
| Year 2 | ₹2,40,000 | ₹16,850.60 | ₹2,56,850.60 |
| Year 3 | ₹3,60,000 | ₹38,243.73 | ₹3,98,243.73 |
| Year 4 | ₹4,80,000 | ₹69,053.87 | ₹5,49,053.87 |
| Year 5 | ₹6,00,000 | ₹1,09,908.20 | ₹7,09,908.20 |
Show the calculation steps
- Quarterly rate = 6.5% ÷ 4 = 1.625%.
- Each ₹10,000.00 deposit is compounded quarterly for the time it stays in the account: M = Σ P × (1 + r ÷ 4)^(4 × months left ÷ 12).
- Adding all 60 instalments gives ₹7,09,908.20; you deposit ₹6,00,000.00 in total.
- Banks may round each month's interest, so the maturity value on your receipt can differ by a small amount. Interest is taxable.
Reading the result
The maturity value is what you receive at the end. It is made up of everything you deposited plus the interest earned, so you can see how much of the total is your own money.
Planning with an RD
If you have a target amount in mind, try different monthly instalments and tenures until the maturity value reaches it. A longer tenure raises the maturity value by more than the extra deposits alone because of compounding.
Formula
Maturity = Σ P × (1 + r ÷ 4)^(4 × (months left) ÷ 12), for each monthly deposit
Interest = Maturity − total deposits
Where:
- P
- = Monthly deposit
- r
- = Annual interest rate as a decimal
- months left
- = Months each deposit stays in the account
Example calculation
₹5,000 a month at 6.8% for 3 years
Inputs
- Monthly Deposit
- ₹5,000
- Interest Rate
- 6.8 %
- Deposit Tenure
- 3 years
Result
- Maturity value
- ₹2,00,058.97
- Total deposited
- ₹1,80,000
- Interest earned
- ₹20,058.97
Step-by-step
- Quarterly rate = 6.8% ÷ 4 = 1.7%.
- Each ₹5,000.00 deposit is compounded quarterly for the time it stays in the account: M = Σ P × (1 + r ÷ 4)^(4 × months left ÷ 12).
- Adding all 36 instalments gives ₹2,00,058.97; you deposit ₹1,80,000.00 in total.
Important notes
- Results are estimates based on the values you enter. They assume the rates stay constant and exclude taxes and fees unless stated.
Disclaimer: This calculator provides estimates for informational purposes and should not be considered financial advice. Actual figures from lenders, banks and investment products can differ because of fees, taxes, rounding rules and changing rates. Consult a qualified professional before making financial decisions.
Frequently asked questions
What is the RD maturity formula?
Sum each instalment compounded quarterly for its remaining months: M = Σ P × (1 + r ÷ 4)^(4 × months left ÷ 12).
Do post office RDs use the same method?
Post office RDs compound quarterly too, but the rate and rules are set by the government. Enter the current rate.
Can the maturity value differ from my bank's?
Slightly, because banks round interest. Your maturity certificate is the final figure.
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