Recurring Deposit (RD) Calculator
Project RD maturity with monthly compounding, deposits-vs-interest split
Deposit Details
Maturity
Maturity Value
$360,053
Total Deposited
$300,000
Interest Earned
$60,053
About this Tool
A Recurring Deposit builds savings with a fixed monthly deposit that earns interest every month. This calculator projects the maturity value with monthly compounding, showing exactly how much of the final sum is your deposits versus interest.
Common Use Cases
Salary-Based Saving
Turn a fixed slice of each paycheck into a guaranteed lump sum years later.
Short-Term Goals
Fund a vacation, gadget or course fee with disciplined monthly deposits.
First-Time Savers
Start small with low minimums and build a saving habit risk-free.
RD vs SIP Compare
Weigh guaranteed RD returns against market-linked SIP projections.
Pro Tips
- !
Never Miss a Deposit
Banks charge penalties for missed installments and may close long-defaulted RDs.
- !
Longer Means More
Extending tenure boosts compounding — compare 3 vs 5 years before opening.
- !
Check Tax Impact
RD interest is taxable, so compare post-tax returns with alternatives.
FAQs
Was this calculator helpful?