Enter your monthly deposit, interest rate, and tenure in months to calculate the maturity value under quarterly compounding.
⚠️ This calculator provides an estimate based on India's government/financial schemes using publicly available 2026 rates. Actual amounts may differ due to scheme changes or individual circumstances — please verify with an official source or financial advisor.
A Recurring Deposit (RD) is a popular Indian savings product where you deposit a fixed amount every month and receive principal plus interest at maturity. Unlike PPF or EPF, there is no government-set rate — each bank or cooperative bank sets its own rate, which can change with market conditions. Interest is typically compounded quarterly (every 3 months).
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Maturity Value Formula
The formula commonly published by Indian banks for RD maturity is: Maturity = R×n + R×n(n+1)/2 × (r/400) (R = monthly deposit, n = total months, r = annual interest rate %, assuming quarterly compounding). This calculator uses that formula directly. Actual bank systems may compute slightly differently, so verify the exact figure with your bank's official RD calculator.
Frequently asked questions
Why doesn't RD have a fixed interest rate?
Unlike PPF or EPF, RD is not a government-mandated scheme — each bank sets its own rate, which can vary by bank, tenure, and customer type (regular/senior citizen). Check your bank's published rate before opening an account.
Is this calculator's formula accurate?
It uses the standard RD formula (a quarterly-compounding approximation) that Indian banks widely publish. Actual bank systems may compute slightly differently, so confirm the exact figure with your bank's official calculator.
What happens to interest if I close the RD early?
This calculator assumes deposits continue to maturity without interruption. Most banks apply a lower rate or a penalty for premature closure — check separately with your bank.