RD Calculator
Calculate maturity value of your Recurring Deposit with quarterly compounding.
Amount you deposit every month.
₹
Annual interest rate.
%
Total tenure in months.
Mo
Quarterly Compounding
RD interest is compounded quarterly as per RBI guidelines.
Maturity Amount
₹ 0
After 60 months (5.0 years)
Invested
Total Deposited
0
Returns
Interest Earned
0
Duration
Tenure
60 Mo
Growth Over Time
Documentation
How RD Works
A Recurring Deposit (RD) is a savings scheme where you deposit a fixed amount every month for a predetermined period. Interest is compounded quarterly.
Key Features
"Fixed monthly deposits, guaranteed returns, flexible tenure from 6 months to 10 years."
The Formula
M = P × [(1 + r/n)^(nt) - 1] / [1 - (1 + r/n)^(-1/3)]
Where: M = Maturity, P = Monthly deposit, r = Annual rate, n = 4 (quarterly), t = Years. Each deposit compounds for its remaining tenure.