RD Calculator
Calculate Recurring Deposit maturity amount and total interest earned. See how monthly savings grow with quarterly compounding.
Results
RD Formula
Each monthly deposit earns quarterly compound interest for its remaining tenure period.
Frequently Asked Questions
What is a Recurring Deposit?
A Recurring Deposit (RD) is a savings scheme where you deposit a fixed amount every month for a predetermined tenure. Interest is compounded quarterly in most Indian banks.
How is RD interest calculated?
RD uses quarterly compounding. Each monthly deposit earns interest for its remaining tenure. The total maturity includes all deposits plus accumulated interest.
What is the minimum RD tenure?
Most banks offer RD with a minimum tenure of 6 months. Maximum tenure varies but typically goes up to 10 years.