Recurring Deposit Calculator
Verified Calculation Engine
The online Recurring Deposit Calculator helps you calculate instantly and solve problems related to Savings. This tool provides accurate results using standard formulas and step-by-step calculation; you can view the formula with example in the calculator where available. Whether you are a student, teacher, or professional, this calculator simplifies complex calculations and saves time. Enter the required values below and get instant results. Results are shown clearly, with optional step-by-step explanation where applicable. The tool is free to use and works in any modern browser—no download or installation required. Bookmark this page for quick access whenever you need reliable Finance Money calculations.
Calculate Recurring Deposit (RD) maturity amount
M = P × [((1 + r)^n - 1) / r] × (1 + r)
Where P is monthly deposit, r is monthly rate, n is number of months
Inputs
Results
Worked Examples
Example 1: Monthly RD of ₹5,000
Deposit ₹5,000 monthly at 6% for 2 years
- monthlyDeposit: 5000
- annualRate: 6
- months: 24
- maturityAmount: 127500
Example 2: Monthly RD of ₹10,000
Deposit ₹10,000 monthly at 7% for 5 years
- monthlyDeposit: 10000
- annualRate: 7
- months: 60
- maturityAmount: 720000
About this calculator
Overview
This Recurring Deposit Calculator estimates recurring deposit under the return, contribution, and time assumptions you enter (savings).
When to use
Use it for scenario planning and comparing contribution or return assumptions. Markets are not guaranteed by these illustrations.
Inputs explained
- Monthly Deposit (₹) [required]
- Annual Interest Rate (%) [required]
- Deposit Period (months) [required]
Formula / method
M = P × [((1 + r)^n - 1) / r] × (1 + r) — Where P is monthly deposit, r is monthly rate, n is number of months (as implemented for `rd`).
Worked example
Example: Deposit ₹5,000 monthly at 6% for 2 years (inputs monthlyDeposit = 5000, annualRate = 6, months = 24; outputs maturityAmount = 127500.0).
Interpreting results
Higher assumed returns or longer horizons raise projected recurring deposit nonlinearly when compounding applies. Always compare a conservative case with an optimistic case.
Assumptions
- Returns or growth rates remain constant unless the tool models steps/inflation explicitly.
- Contributions follow the cadence implied by the inputs.
- Taxes, expense ratios, and exit loads are omitted unless present as fields.
Limitations
- Past or assumed returns do not guarantee future results.
- Liquidity, credit, and market risks are not simulated beyond the simple model.
Important note
Educational illustration only. Not investment, tax, credit, or financial advice. Confirm figures with your provider, lender, or tax professional.
How to Use This Calculator
- Enter the required values in the input fields.
- Click the Calculate button.
- View the computed result instantly.
Formula Used
M = P × [((1 + r)^n - 1) / r] × (1 + r) — Where P is monthly deposit, r is monthly rate, n is number of months (as implemented for `rd`).
Example Calculation
Example: Deposit ₹5,000 monthly at 6% for 2 years (inputs monthlyDeposit = 5000, annualRate = 6, months = 24; outputs maturityAmount = 127500.0).
Frequently Asked Questions
What is Recurring Deposit Calculator?
- This Recurring Deposit Calculator estimates recurring deposit under the return, contribution, and time assumptions you enter (savings).
How does Recurring Deposit Calculator work?
- M = P × [((1 + r)^n - 1) / r] × (1 + r) — Where P is monthly deposit, r is monthly rate, n is number of months (as implemented for `rd`).
Why use this Finance Money calculator?
- Use it for scenario planning and comparing contribution or return assumptions. Markets are not guaranteed by these illustrations.