RD Calculator
Recurring Deposit maturity with quarterly compounding
Enter Details
₹
% p.a.
In months
Results
🏧
Enter your RD details and click Calculate.
Formula
Maturity = M × [((1 + r)ⁿ − 1) ÷ (1 − (1 + r)^(−1/3))]
- M (₹) — Monthly deposit amount
- r (–) — Quarterly rate = annual rate ÷ 400
- n (quarters) — Tenure in quarters
Example: ₹5,000/month for 2 years at 7% → Maturity ≈ ₹1,29,500
Interpreting Your Result
vs SIP
Guaranteed but lower
RD has guaranteed returns; SIP has higher potential but market risk
Frequently Asked Questions
Can I miss an RD instalment?
Missing instalments attracts a penalty (₹1.50–₹2 per ₹100 per month). Most banks allow a short grace period.