About this tool
A recurring deposit (RD) lets you save a fixed amount each month at a fixed interest rate. Results use quarterly compounding as most banks do.
How to use RD Calculator
- Enter the monthly deposit.
- Add the interest rate and number of months.
- Read the maturity value and interest earned.
Frequently asked questions
How is RD maturity calculated?
Each monthly deposit earns interest for its remaining months, compounded quarterly.
Can I skip a month?
Banks may charge a penalty, so check your account terms.