Enter the monthly RD investment, interest rate (p.a.), and tenure information to get the maturity amount for your RD.

₹

%

Invested Amount | : ₹1,000 |

Total Interest | : ₹532 |

Maturity Amount | : ₹12,532 |

Recurring Deposit, commonly referred to as RD, is a long-term investment tool where the investor deposits a minimum amount on a monthly basis throughout the chosen tenure and earns interest over time. Compared to Fixed Deposits where you have to invest a lump-sum amount, RDs offer more flexible schemes.

The RD calculator serves as a valuable resource for individuals looking to estimate their savings or evaluate the returns on their recurring deposit investments. This tool effortlessly computes the projected maturity amount with precision. Just input your **deposit amount, RD interest rate**, and **desired investment tenure** in years or months, and it will quickly calculate the maturity amount for you.

If you want to calculate the maturity amount manually without using an online calculator, you can do that as well using the mathematical formula

A = P { (1 + r/n)^(nt) }

Where,

- A = maturity amount,
- P = installment amount,
- r = RD interest rate,
- n = number of times the interest rate is compounded in a year,
- t = tenure in years.

For example, if you deposit ₹1,000 per month for 5 years at an annual interest rate of 6% compounded quarterly, then the maturity value would be:

A = P*(1+R/N)^(Nt)

A = 1000 * (1 + 0.06/4)^(4*5)

A = ₹70,535.99

Therefore, the maturity amount for an RD investment of ₹1,000 every month with a 6% annual interest rate compounded quarterly over 3 years would be approximately ₹₹70,065.

Use the quick and simple RD calculator to find your maturity amount in a matter of seconds. All of the following data must be entered into the RD maturity calculator by following the guidelines below.

Step 1: Input your RD investment amount.

Step 2: Add the bank's interest rate.

Step 3: Specify the RD tenure in years or months.

Step 4: View the calculator's displayed maturity amount.

To determine the interest amount of your RDs, you have the option to employ an online calculator or perform the calculation manually. The mathematical formula for this computation is presented below:

Here,

M = Maturity Value

R = Monthly Installment

n = Number of quarters

I = Rate of interest / 400

For example, if you deposit ₹1,000 per month for 5 years at an annual interest rate of 6% compounded quarterly, then the total interest earned would be:

R = ₹1,000

n = 5 years * 4 quarters/year = 20 quarters

i = 6% / 400 = 0.015

Using the compound interest formula:

M = R [(1 + i)^n-1] / (1 - (1 + i)^(-1/3) )]

Calculating the value:

M = 1000[(1+0.015)^20-1]/(1-(1+0.015)^(-1/3))

M = ₹70,535.99

Interest = Maturity Value - Total Deposits

Interest = ₹70,535.99 - (₹1,000/month * 12 months/year * 5 years)

Interest = ₹70,535.99 - 60,000

Interest = ₹10,535.99

Therefore, the total interest earned on the RD deposit would be ₹10,535.99.

When it comes to financial planning and safeguarding your future assets, an RD calculator can be a helpful tool. You can benefit from an RD calculator in the following ways:

**Financial Planning:**An RD Calculator helps plan your financial future by estimating your recurring deposit's maturity amount, facilitating better savings goal setting.**Investment Comparison:**It simplifies comparing different RD schemes and interest rates, aiding in selecting the right investment option.**Budgeting:**The calculator assists in budgeting by projecting your savings' future value, enhancing wiser fund allocation.**Goal Tracking:**Whether it's a vacation or a home down payment, the calculator lets you monitor your progress toward your financial goals.**Smart Decisions:**By using an RD Calculator, you can make informed choices regarding investment amount, tenure, and interest rate to efficiently achieve your financial objectives.

RD calculators have several benefits, making them a crucial tool for understanding your finances and making plans. Let's look at the advantages of using Buddy Loan RD maturity calculator:

**Ease of Use:**RD Calculators are simple to use, requiring only basic inputs like monthly deposit, interest rate, and tenure.**Quick Calculations:**They provide quick and accurate results, saving time and effort compared to manual calculations.**Future Planning:**They help in planning future savings goals by estimating the maturity value of the investment.**Comparison Tool:**They enable comparing different RD plans with varying interest rates and tenures.**Scenario Analysis:**They allow experimenting with different deposit amounts and tenures to assess potential returns.**Financial Awareness:**They promote financial awareness by illustrating the impact of regular savings and compounding interest.**Free and Accessible:**Most RD Calculators are freely available online, making them accessible to a wide range of investors.

Top banks often provide annual RD interest rates that can extend up to 7.5%. For a ₹5,000 recurring deposit amount, you can explore the table below to compare RD returns over one-year and five-year durations, depending on the varying interest rates offered by different banks.

Bank | Recurring Amount | Interest rate for 1 year (p.a.) | Maturity in 1 Year | Interest rate for 5 year (p.a.) | Maturity in 5 Years |
---|---|---|---|---|---|

HDFC Bank | ₹5,000 | 6.60% | ₹62,176 | 7.00% | ₹3,59,667 |

SBI | ₹5,000 | 7.00% | ₹62,312 | 6.50% | ₹3,54,957 |

PNB | ₹5,000 | 6.75% | ₹62,225 | 6.50% | ₹3,54,957 |

Canara Bank | ₹5,000 | 6.90% | ₹62,277 | 6.70% | ₹3,56,830 |

Axis Bank | ₹5,000 | 6.75% | ₹62,225 | 7.00% | ₹3,59,667 |

Apart from banks you can also check post office RD interest rates and open an RD account in post office.

**Are you looking for a personal loan? Apply online and get an instant approval**

**Check other useful calculators from below:**

EMI Calculator | FD Calculator |
---|---|

Mahila Samman Calculator | SSY Calculator |

Mutual Fund Calculator | SIP Calculator |

Simple Interest Calculator | Compound Interest Calculator |

EPF Calculator | PPF Calculator |

NSC Calculator | Post Office Monthly Income Calculator |

GST Calculator | TDS Calculator |

NPS Calculator | Atal Pension Yojana Calculator |

Gratuity Calculator | HRA Calculator |

Read More

Read Less

- Buddy Calculators
- FD Calculator
- EMI Calculator
- SIP Calculator
- MF Calculator
- PPF Calculator
- NSC Calculator
- EPF Calculator
- GST Calculator
- Simple Interest Calculator
- Compound Interest Calculator
- Sukanya Samriddhi Yojana (SSY) Calculator
- Mahila Samman Saving Certificate Calculator
- NPS Calculator
- APY Calculator
- Gratuity Calculator
- TDS Calculator
- Senior Citizen Saving Scheme Calculator
- KVP Calculator
- Post Office FD Calculator
- Post Office RD Calculator
- Post Office Monthly Income Scheme Calculator

- SBI Personal Loan EMI Calculator
- PNB Personal Loan EMI Calculator
- HDFC Bank Personal Loan EMI Calculator
- IDFC Bank Personal Loan EMI Calculator
- ICICI Bank Personal Loan EMI Calculator
- Bank of Baroda Personal Loan EMI Calculator
- Kotak Personal Loan EMI Calculator
- Axis Bank Personal Loan EMI Calculator
- Bank of India Personal Loan EMI Calculator
- Induslnd Bank Personal Loan EMI calculator
- IDBI Bank Personal Loan EMI Calculator
- Bandhan Bank Personal Loan EMI Calculator
- Union Bank of India Personal Loan EMI Calculator
- Indian Bank Personal Loan EMI Calculator
- RBL Bank Personal Loan EMI Calculator
- Yes Bank Personal Loan EMI Calculator
- Canara Bank Personal Loan EMI Calculator
- Indian Overseas Bank Personal Loan EMI Calculator
- Standard Chartered Personal Loan EMI Calculator
- UCO Bank Personal Loan EMI Calculator
- Citi Bank Personal Loan EMI Calculator
- Central Bank of India Personal Loan EMI Calculator
- Federal Bank Personal Loan EMI Calculator

- Navi EMI Calculator
- Bajaj Finance Personal Loan EMI Calculator
- Mpokket EMI Calculator
- LoanTap Personal Loans EMI Calculator
- KreditBee Personal Loan EMI Calculator
- MoneyView EMI Calculator
- Tata Capital EMI Calculator
- L&T Finance Personal Loan EMI Calculator
- Fullerton Personal Loan EMI Calculator
- Cashe Personal Loan EMI Calculator
- Stashfin Personal Loan EMI Calculator
- Muthoot Finance Personal Loan EMI Calculator
- Incred Personal Loan EMI Calculator
- Lendingkart Business Loan EMI Calculator
- Fibe Personal Loan EMI Calculator
- Dhani Loans EMI Calculator
- Faircent EMI Calculator
- Money Tap Personal Loan EMI Calculator
- HDB Personal Loan EMI Calculator

- SBI FD Calculator
- HDFC FD Calculator
- Axis Bank FD Calculator
- ICICI Bank FD Calculator
- PNB FD Calculator
- Canara Bank FD Calculator
- Bank of Baroda FD Calculator
- Kotak Mahindra Bank FD Calculator
- IndusInd Bank FD Calculator
- Union Bank FD Calculator
- Yes Bank FD Calculator
- Bank of India FD Calculator
- Indian Bank FD Calculator
- IDFC Bank FD Calculator
- UCO Bank FD Calculator
- IDBI Bank FD Calculator
- RBL Bank FD Calculator
- Central Bank of India FD Calculator
- Karnataka Bank FD Calculator
- Bank of Maharashtra FD Calculator
- Federal Bank FD Calculator
- KVB FD Calculator
- TMB FD Calculator
- CUB Bank FD Calculator
- Indian Overseas Bank FD Calculator
- South Indian Bank FD Calculator
- Allahabad Bank FD Calculator
- JK Bank FD Calculator
- Dhanlaxmi Bank FD Rates
- Catholic Syrian Bank FD Calculator
- LVB FD Calculator
- Nainital Bank FD Calculator

Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.

Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.