Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
RD Calculator



Use this calculator to calculate the final value of your investment if it grows at compound interest.




Date of the opening recurring deposit

Initial amount of investment

₹ 500

Term of RD (in months)

Annual Interest Rate per annum




«BackMaturity value of investment is 10000

  • Download


  • Investment Amount1100000
  • Interest Earned6700000
  • Total Amount6700000


  • Investment Amount6700000
  • Tenure10 Years
  • Interest Rate10.25%

Recurring Deposit Calculator

What is the calculator about?
The Recurring Deposit (RD) calculator will help you calculate the maturity value of the investment if it grows at a certain interest rate.

How to use it
The maturity value of the deposit will depend on the amount of investment, duration of the deposit and the interest rate.

You will have to enter the date of opening of the FDRD, and then enter the amount of deposit which has to between Rs 500 and Rs 10 lakh. Thereafter, the duration has to be entered in months which have to be between 6 months and 120 months.

Lastly, enter the annual rate of interest at which the recurring deposit investment has been made.

One can use the slider to put in different recurring deposit amounts to arrive at the final maturity value.

What it shows
On submitting the above information, the calculator will show the final maturity value of the investment. Based on the date of deposit and the tenure, the maturity date of the investment will also be shown. In addition, the break-up of maturity value, i.e., the investment amount and the interest earned will be shown separately.

How the result is arrived at
The formula used for arriving at the maturity value of a recurring deposit over a certain period at a certain interest rate is:

In case of recurring deposits, the compounding happens on quarterly basis.

The formula is: A = P*(1+R/N)^(Nt)

Here, A is the maturity amount in Rs., the recurring deposit amount is 'P' in Rs., 'N' is the compounding frequency, interest rate R in percentage and 't' is the tenure.

For a 12 month RD of Rs 5,000 at 8 percent per annum, the maturity value will be the sum of the series as below:

A = P*(1+R/N)^(Nt)
= 5000*(1+.0825/4)^(4*12/12) = 5425.44
= 5000*(1+.0825/4)^(4*11/12) = 5388.64
= 5000*(1+.0825/4)^(4*1/12) = 5034.14
Total maturity value ( sum of series) = Rs 62730.85


  • Economy

                                                  Other useful Links

                                                  Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service