plan regular monthly savings

Recurring Deposit Calculator

Estimate recurring deposit maturity, total deposits and interest from a monthly contribution, annual rate and tenure. Use your provider's quoted rate to compare a regular savings plan before opening an RD.

Free online tool INR estimates Browser-based

monthly contribution calculator

Calculate your RD maturity amount

Enter the amount you will deposit each month, the annual rate and the term. The calculator shows total contributions, estimated interest and the amount at maturity.

Inputs are calculated in your browser and are not sent to this site by the calculator.

Monthly deposit

₹

Enter the amount you plan to add every month. Annual interest rate

%

Use the rate shown by your bank or Post Office.

Tenure Tenure unit

Calculation mode

Cumulative

Compounding frequency Choose the compounding convention used for your comparison.

Result

Your estimated RD maturity

Ready

Enter your monthly deposit, rate and tenure to see the estimated RD maturity.

AssumptionsRates are editable assumptions. Confirm current rates, terms and tax treatment with the provider.

CurrencyAmounts are shown in Indian rupees (INR).

see the result before you commit

What this recurring deposit calculator shows

A recurring deposit calculator answers a practical planning question: how much could a regular monthly deposit grow to by the end of the term? Instead of investing one lump sum, you enter the contribution you expect to make each month. The result separates your total deposits from the estimated interest so the growth is easier to audit.

This recurring deposit interest calculator is designed for Indian-rupee comparisons. Enter the annual rate quoted for the product, choose months or years, and select the compounding convention used in your comparison. The calculator does not fetch live bank rates, so you stay in control of the assumptions and can test more than one offer.

An RD can suit a goal funded gradually, such as a planned expense, education payment or emergency reserve. It is different from a fixed deposit calculator: an FD starts with a lump-sum principal, while an RD adds a contribution every month. Compare total deposits, interest and the maturity date rather than looking only at the final amount.

The result is an estimate rather than a promise. Banks and Post Office products can apply specific deposit dates, rounding, rate slabs, missed-installment rules, taxes and premature-closure terms. Keep the provider's illustration beside your calculation and replace the sample rate whenever the quoted rate changes.

four quick inputs

How to use the recurring deposit calculator

1

Set the monthly deposit

Enter the amount you expect to add at each monthly instalment. This is not the total amount invested.

2

Add the annual rate

Use the current rate shown in the bank or Post Office product information for the term you are comparing.

3

Choose the tenure

Use months for a precise short-term goal or years for a longer savings plan.

4

Select compounding

Choose the convention that best matches the product terms, then calculate and review the maturity breakdown.

transparent estimate

How RD maturity is estimated

The calculator treats each monthly deposit as a contribution made at the beginning of the month. It converts the selected annual compounding convention into an equivalent monthly growth rate, then applies a growing-annuity formula:

M = P x [((1 + i)^n - 1) / i] x (1 + i), where i = (1 + r / c)^(c / 12) - 1

M is estimated maturity, P is the monthly deposit, n is the number of months, r is the annual rate as a decimal and c is the selected compounding frequency. Total deposits equal P x n. This model is useful for comparisons, but the provider's exact schedule and rounding rules should control the final figure.

worked comparison

Example: a 24-month recurring deposit

Example input: INR 5,000 monthly deposit | 6.5% annual rate | 24 months | quarterly compoundingThe result shows INR 120,000 in total deposits, then estimates the interest added and the maturity amount under the selected assumption.

Run the example, then change only one input at a time. Increasing the monthly deposit changes both the total contributions and the interest. Changing the rate changes the interest earned, while changing the tenure changes the number of deposits and the time available for growth. This makes the RD calculator useful for comparing a target amount with a realistic monthly budget.

accuracy and limitations

What to check before relying on the estimate

The monthly deposit is the amount paid into the RD each period. It is not the maturity value and it is not the same as the one-time principal used by an FD calculator. Write down the monthly contribution and the total number of instalments before comparing two results.

A recurring deposit calculator cannot know whether a bank applies the quoted rate to every instalment, how it rounds interest or what happens when an instalment is late. Use the product sheet or official illustration for those rules. If the provider uses a different deposit date convention, its maturity amount may differ from this estimate.

Compounding frequency matters because this model converts the selected annual convention into a monthly equivalent. Quarterly is a common comparison setting, but it should not be treated as a universal rule. Select the convention stated by the provider and record it next to the rate and date of your calculation.

Taxes, TDS, fees and penalties are not deducted from the displayed gross estimate. A product may also have a minimum monthly instalment, a maximum tenure, missed-payment charges or a different premature-closure calculation. Check those conditions before treating the result as available cash.

For a savings goal, compare the estimated maturity with the amount you need and the monthly cash flow you can actually maintain. Test a lower rate as a conservative case. A larger final number is not automatically better if the instalment is difficult to sustain or the maturity date is too late.

To reproduce a result, save five inputs: monthly deposit, annual rate, tenure, compounding frequency and calculation date. If a bank quote differs, compare these assumptions first. Then use the official schedule as the final reference for opening or renewing the deposit.

RD questions

Recurring deposit calculator FAQ

What does a recurring deposit calculator calculate?

It estimates the total deposits, interest earned and maturity amount when you add a fixed contribution every month at an assumed annual rate and tenure.

Is an RD calculator different from an FD calculator?

Yes. An FD calculator starts with a lump-sum principal, while an RD calculator models repeated monthly deposits. Use the tool that matches how you plan to fund the product.

How do I use a recurring deposit interest calculator?

Enter the monthly deposit, annual rate and tenure, select the compounding convention used for your comparison, and review total deposits, interest and estimated maturity.

Can I use this as a Post Office recurring deposit calculator?

Yes, as a general comparison. Enter the rate and term from the Post Office product information, then compare the estimate with its official schedule and rules.

Can I use this for an SBI recurring deposit calculator comparison?

Yes. Use the SBI rate and tenure that apply to your product, but do not assume a general rate is an SBI quote. The calculator is an editable scenario tool.

What is the best compounding frequency for an RD calculation?

Use the frequency stated in the product terms. Quarterly is available as a common comparison assumption, but the provider's documented method should take priority.

Does the RD maturity estimate include tax or TDS?

No. The displayed amount is a gross estimate before tax, TDS, fees and any missed-instalment or premature-closure adjustment.

Why is my bank's RD maturity amount different?

The bank may use exact deposit dates, product-specific rounding, rate slabs, tax treatment, payment rules or a different compounding convention. Compare the assumptions and follow the official illustration.