Recurring Deposit Maturity Calculator
Calculate RD maturity value from monthly deposit, interest rate, and tenure (approximate).
Last reviewed by the Radiatus Cloud team
Output
Planning cloud or compliance spend?
Our team optimises cloud cost & risk for finance leaders.
Work out what a recurring deposit will grow to
A recurring deposit takes a fixed monthly contribution and pays interest, growing to a lump sum at maturity. This calculator estimates the RD maturity value from your monthly deposit, interest rate and tenure, so you can see what a regular saving habit will accumulate.
Why each instalment earns different interest
An RD is not a single deposit but a series of monthly ones, and each instalment earns interest only from when it is paid until maturity. So the first month’s deposit compounds for the whole term while the last earns almost nothing, which is why the maturity value is more than the deposits but the effective return feels lower than the headline rate. Understanding this makes the projected figure sensible rather than surprising.
A saving habit, projected
This is an estimate for planning from the figures you enter, not financial advice, and real outcomes depend on rates and rules that change. Confirm anything important with the relevant institution or a qualified adviser. The calculation runs entirely in your browser, so your financial figures are never uploaded.
Related tools
- Compound Interest Calculator — Project how savings or investments grow with compound interest and regular contributions, in both nominal and inflation-adjusted terms.
- Mortgage Calculator — Calculate mortgage payments from price, deposit, rate and term, with total interest, amortisation and the costs beyond principal and interest.
- EMI Calculator — Calculate equated monthly instalments for a loan, with total interest, amortisation breakdown and the effect of prepayment.
- Paycheck / Salary Calculator — Work out net pay per paycheck after tax and deductions, including the extra-paycheck months.
Frequently Asked Questions
How does an RD grow?
Each monthly deposit earns interest from when it is paid until maturity, so early deposits compound longer than later ones, and the total grows to a lump sum.
Why is the return lower than the headline rate?
Because later instalments earn interest for only a short time. The rate applies per deposit from its date, so the effective return on the whole is lower.
What determines the maturity value?
The monthly deposit, the interest rate, the compounding, and the tenure. Longer tenures and higher deposits grow the value.
How is it different from an FD?
An FD is a single lump sum deposited once; an RD is built from regular monthly deposits, which is why the interest calculation differs.
Is this financial advice?
No. It is an estimate. Confirm the rate and terms with your bank.
Privacy & Security
Calculated locally in your browser. No data is sent to any server.
How to Use
Enter monthly deposit, rate, and tenure to estimate RD maturity value.
Disclaimer: This tool is provided "as is" without warranty of any kind. Results are for educational and utility purposes.
Related Tools
Compound Interest Calculator
FinanceProject how savings or investments grow with compound interest and regular contributions, in both nominal and inflation-adjusted terms.
Mortgage Calculator
FinanceCalculate mortgage payments from price, deposit, rate and term, with total interest, amortisation and the costs beyond principal and interest.
EMI Calculator
FinanceCalculate equated monthly instalments for a loan, with total interest, amortisation breakdown and the effect of prepayment.