HaatBeat Calculators

RD calculator

Work out what a fixed monthly deposit grows to with a recurring deposit.

Also known as: Recurring deposit calculator.

ReviewedAny currency
₹
Paid at the start of each month.
% a year
The yearly rate the bank quotes. 0% to 50%.
months
6 to 120 months.
Maturity amount
₹62,311

Depositing ₹5,000 a month for 12 months at 7% a year, compounded quarterly, matures at about ₹62,311, including ₹2,311 of interest.

How the maturity amount adds up
Total deposited₹60,000
Interest earned₹2,311
Maturity amount₹62,311
Estimate using the common bank method: deposits at the start of each month, interest compounded quarterly. Tax deducted at source and penalties for missed deposits are not included; check your bank's figures.

How it's calculated

M = R × [(1 + i)ⁿ − 1] ÷ (1 − (1 + i)^(−1/3))

R is the monthly deposit, i the yearly rate divided by 400 (the quarterly rate) and n the tenure in quarters. This is the method most banks publish.

Assumptions

  • A deposit at the start of each month, compounded quarterly.
  • No missed deposits; penalties and tax are not included.

Worked example

5,000 rupees a month for 12 months at 7% a year matures at about 62,311 rupees, of which 60,000 is deposits.

Questions

How is an RD different from a SIP?

An RD earns a fixed bank rate on each deposit. A SIP invests in a market-linked fund whose returns vary.

Why does my bank show a slightly different figure?

Banks may round each quarter, use the actual deposit dates or deduct tax. Treat this as an estimate.

What happens if I miss a deposit?

Many banks charge a penalty and the maturity amount falls. Check your bank’s rules.

Sources

Last reviewed 1 October 2026 by Sachin. How we check calculators.