Deposits & Savings calculator
RD Calculator
A recurring deposit lets you save a fixed amount every month at a fixed rate. Enter your monthly deposit, rate and tenure.
Your details
Total deposits
₹3,00,000
Estimated interest
₹56,829
Maturity amount
₹3,56,829
Breakup
- Total deposits₹3,00,000 (84%)
- Interest₹56,829 (16%)
Growth of your recurring deposit
Year-wise breakdown
| Year | Deposits till date | Balance | Interest till date |
|---|---|---|---|
| Yr 1 | ₹60,000 | ₹62,210 | ₹2,210 |
| Yr 2 | ₹1,20,000 | ₹1,28,694 | ₹8,694 |
| Yr 3 | ₹1,80,000 | ₹1,99,746 | ₹19,746 |
| Yr 4 | ₹2,40,000 | ₹2,75,679 | ₹35,679 |
| Yr 5 | ₹3,00,000 | ₹3,56,829 | ₹56,829 |
Formula used
- M = Σ R × (1 + r ÷ 4)^(months remaining ÷ 3)
- Equivalent closed form: M = R × [(1 + i)ⁿ − 1] ÷ [1 − (1 + i)^(−1/3)], i = r ÷ 400, n = quarters
Assumptions
- Quarterly compounding, as used by Indian banks and India Post. India Post 5-year RD rate: 6.7% (October–December 2026 quarter).
- Deposits are assumed on time every month.
Scheme rates and rules as on: October–December 2026 quarter. You can change rates in the calculator.
Disclaimer
This calculator provides illustrative estimates only, based on the inputs and assumptions you enter. Results are not guaranteed, do not reflect the performance of any specific product, and do not consider taxes, charges or inflation unless stated. They are not investment advice. Mutual fund investments are subject to market risks. Read all scheme related documents carefully.
Would you like to discuss your result? Message us on WhatsApp or book a consultation.
Related calculators
- FD CalculatorCalculate fixed deposit maturity and interest.
- NSC CalculatorCalculate National Savings Certificate maturity.
- SSY CalculatorPlan Sukanya Samriddhi Yojana savings for a girl child.
Let's talk
Ready to plan your next financial step?
Book a no-obligation conversation with Roopesh Agarwal at our Gomti Nagar office, over a call or on WhatsApp.