Recurring deposit
Build a savings habit, one deposit at a time.
Estimated RD maturity value
For illustration only. Read the assumptions below for the full picture.
Understand your result.
Explore a recurring-deposit maturity value from regular monthly instalments. This tool approximates quarterly compounding with an equivalent monthly rate.
The result separates the deposited amount from gross interest. Actual instalment dates and bank conventions can alter the maturity quote.
A worked example.
Using this calculator’s default inputs, estimated rd maturity value is ₹3,54,954. This is an illustration of the stated formula, not a forecast.
See the example inputs
| Monthly investment | ₹5,000 |
|---|---|
| Annual RD interest rate | 6.5 % |
| Time period | 5 years |
A common mistake to avoid
Assuming every instalment earns interest for the full deposit term.
Questions you might have.
When is each instalment assumed?
At the beginning of each month. Later instalments have less time to earn interest than the first.
Are missed-instalment penalties included?
No. The model assumes all contributions are made as planned, with no fees or tax deducted.
Prepared by INDwise · Calculation checks: 29 October 2026 · How we check the maths · Report a correction
How we calculate it
Monthly effective rate = (1 + annual rate ÷ 4)^(1/3) − 1. Beginning-of-month deposits accumulate at this monthly equivalent of quarterly compounding.
Assumptions & things to know
Quarterly-compounded RD approximation. Bank day-count conventions and instalment dates may change the exact maturity value. Before TDS and income tax; no missed payments.
Your privacy & sharing
Your financial inputs are used only within this page. Saved calculators use this browser’s local storage. Sharing creates a link with the entered values, so anyone with that link can see those values. A downloaded summary stays on your device.