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RD Calculator

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About this Calculator

Use our free RD Calculator to calculate recurring deposit maturity value with monthly compounding.

How RD Calculator Works

A Recurring Deposit (RD) is a savings scheme where you invest a fixed amount every month for a specific period at a fixed interest rate. This RD Calculator helps you calculate the total investment, interest earned, and maturity value using monthly compounding.

RD Formula

M = P × [ (1 + R)N − 1 ] / R × (1 + R)

Where:
P = Monthly Deposit Amount
R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
N = Total Number of Months
M = Maturity Amount

RD Calculation Example

If you deposit 5,000 every month for 5 years at an interest rate of 7.5% per annum, your total investment will be 3,00,000. The interest earned will be approximately 60,000, and the maturity amount will be around 3,60,000.

Frequently Asked Questions

Is this RD calculator free?
Yes, this RD calculator is completely free to use.

Is RD interest guaranteed?
Yes, RD interest rates are fixed at the time of opening the deposit.

Does this calculator support monthly compounding?
Yes, this RD calculator uses monthly compounding for accurate results.

Can I use this for any bank RD?
Yes, it works for RDs from all banks and post offices.

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