LilUtils

Investments

Step-Up SIP

FD Calculator

RD Calculator

Loans & EMI

Home Loan

Car Loan

Personal Loan

India Schemes

PPF

SSY

Gratuity

GST

HRA

Personal Finance

Net Worth

Back to Tools

Recurring Deposit (RD) Calculator

Estimate the returns on your regular monthly savings.

Private Calculation Browser-Based No Data Stored
RD Calculator
Compute maturity value and effective interest yield for Recurring Deposits.
₹
%
Mo

1.0 Years

How it's calculated

Formula
Approximation of standard compound interest on monthly installments.
M = R [(1+i)^n - 1] / (1-(1+i)^(-1/3))

Where:

  • MMaturity Value
  • RMonthly Installment
  • nNumber of quarters (Quarterly compounding)
  • iInterest rate per quarter
Example Calculation

Inputs:

Deposit = ₹5,000/mo, Rate = 6.5%, Time = 1 Year

Result:

Interest = ~₹2,130

Recurring deposits earn interest on each installment for the period it stays with the bank.

Frequently Asked Questions

Explore More Tools

Home Loan EMI

Plan your home loan repayment with detailed schedules.

Try Now

SIP Calculator

See how your small monthly investments can grow over time.

Try Now

GST Calculator

Quickly calculate inclusive and exclusive GST amounts.

Try Now

About Recurring Deposits

Recurring Deposits (RD) allow you to save small amounts of money every month while earning interest rates comparable to Fixed Deposits. It is an excellent tool for building a corpus for short-term goals.

How it works: You deposit a fixed sum (e.g., ₹5000) every month for a fixed tenure (e.g., 2 years). Interest is compounded quarterly on the deposited amount.