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Find the maturity amount on a recurring deposit where you invest a fixed sum every month, with interest compounded quarterly the way Indian banks do it.
Last updated 27 August 2026
Total deposited
₹1,20,000
Interest earned
₹9,099
Maturity value
₹1,29,099
The fixed amount you will pay in each month.
The annual interest rate and the number of months the RD runs.
Maturity value, total deposited and interest earned appear instantly.
Each instalment compounds for its remaining term: balanceₖ = (balanceₖ₋₁ + D) × m
The first ₹5,000 earns interest for all 24 months; the last earns it for one. Compounding each instalment quarterly and summing gives a maturity of roughly ₹1.29 lakh.
In an RD your money goes in gradually, so on average it is invested for about half the tenure. An FD puts the whole sum to work from day one.
Yes, banks apply TDS on RD interest above the annual threshold, the same as FDs. The calculator shows gross interest.
Banks usually charge a small penalty and the maturity value drops. This calculator assumes every instalment is paid on time.
No. A standard RD has a fixed monthly instalment set when you open it.
This calculator provides estimates for general information only. Results are mathematical calculations based on the figures you enter and standard formulas. Actual bank, loan, deposit and investment products may differ due to fees, rounding conventions, day-count methods and changing rates and rules. Projected investment returns are not guaranteed and you may get back less than you invest. Nothing here is financial, tax or investment advice — verify the actual terms with the relevant institution or a qualified adviser before making a decision. See our full disclaimer.