Total Amount Invested
₹ 0
Total Interest Earned
₹ 0
Total Amount
₹ 0
| Month | Deposit (₹) | Interest (₹) | Balance (₹) |
|---|
What is it & why use it?
Calculate maturity value of monthly savings in a recurring deposit with compounding. This tool on Calci.in explains concepts in plain language and lets you compare scenarios instantly.
Formula (explained)
FV = P × ((1 + r)^n – 1) / r × (1 + r) (where r = annual rate/12)
Variables: FV = Future Value, P = Monthly installment, r = Monthly interest rate, n = Number of months.
Example calculation
₹5,000 per month for 36 months at 6.5% p.a. → maturity ≈ ₹1.95 lakh (illustrative).
Benefits & use cases
• Disciplined monthly savings
• Ideal for salaried users
• Predictable growth with low risk
Related calculators on Calci.in
FD Calculator
SIP Calculator
Compound Interest Calculator
External references (authority sources)
RBI
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FAQs
Q1: How is RD maturity calculated?
A: Using compound interest on monthly installments and bank’s compounding frequency.
Q2: Are RD returns fixed?
A: Yes, the rate is fixed by the bank at booking time.
Q3: What if I miss an installment?
A: The bank may penalize or reduce interest for missed payments.
Q4: Is RD taxable?
A: Yes, RD interest is taxable as per your income slab.