RD Calculator
Find the maturity amount of a recurring deposit: a fixed sum every month, with interest compounded quarterly.
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months
How to use the RD Calculator
Enter the amount you deposit each month, the interest rate and the tenure in months. Each instalment earns interest, compounded quarterly, for the months it stays in the account.
Banks round differently, so your passbook may differ by a few rupees.
Frequently asked questions
How is RD maturity calculated?
Each monthly instalment grows as M × (1 + r/4)^(months left ÷ 3), and the maturity amount is the sum over all instalments.
What happens if I miss an RD instalment?
Most banks charge a small penalty for a late instalment and may close the account after several missed ones.
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