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Recurring Deposit Calculator
A recurring deposit (RD) turns a fixed monthly saving into a lump sum. Enter the monthly deposit, annual rate and tenure to see the maturity value, what you put in, and the interest earned — using the standard bank formula with quarterly compounding.
How RD interest works
Each monthly deposit earns compound interest from the month it is made, compounded quarterly: M = R × [(1+i)n − 1] / [1 − (1+i)−1/3]. Later deposits earn less simply because they have less time.
RD vs fixed deposit
An RD suits monthly savers; a fixed deposit suits a lump sum you already have. At the same rate and tenure, the FD usually matures slightly higher because the whole amount works from day one.
Frequently Asked Questions
How is RD interest calculated?
Monthly deposits compounded quarterly at the stated annual rate — the standard formula banks in India and Pakistan apply.
What happens if I miss an instalment?
Banks usually charge a small penalty per missed month and it slightly reduces maturity — this tool assumes all instalments are paid.
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