How does the RD Calculator calculate projections?

The Live Trend Go RD Calculator computes mathematical projections directly in your web browser using standard regulatory and banking algorithms without server latency.

Is the RD Calculator free and private?

Yes, the RD Calculator is 100% free with unlimited calculations. Your financial scenario inputs are processed locally in your browser memory and never transmitted or stored on our servers.

Are the formulas used in the RD Calculator updated for current regulations?

Yes. All calculation engines are audited quarterly against official Reserve Bank of India (RBI), Central Board of Direct Taxes (CBDT), and AMFI regulatory frameworks.

Banking & Loans

RD Calculator

Calculate Recurring Deposit maturity value and interest with monthly deposits.

Runs entirely in your browser
No sign-up, nothing stored
Formula explained below

Deposit details

A fixed amount every month, compounded quarterly.

Monthly investment

₹

₹500₹1L

Rate of interest (p.a.)

3%15%

Time period

yrs

1 yrs10 yrs

Maturity value after 3 years

₹2,00,059

36 monthly deposits of ₹5,000 at 6.8% earn ₹20,059 in interest.

Invested amount

₹1,80,000

Est. returns

₹20,059

Return on deposits

11.1%

Deposits90%
Interest10%

How your RD grows

Balance at the end of each year, split into what you deposited and the interest earned.

Deposits
Interest earned

Your first year's deposits earn ₹11,230 in interest

That is 5.0× what the final year's deposits earn, because early instalments compound for longer. Each extra year you keep the RD running gives every deposit more time to grow.

Instalments

₹5,000 every month

Interest in final year

₹11,230

vs. ₹2,244 in year 1

Interest per month

₹557

Average over the whole tenure

Effective yield

6.98%

6.8% compounded quarterly, per year

Interest earned each year

Interest rises every year as the balance grows with each new deposit.

Interest at other rates and tenures

Total interest on ₹5,000 a month at nearby rates and other tenures.

Rate ↓ · Years →	1y	2y	3y	5y	7y	10y
4.8%
5.8%
6.8%
7.8%
8.8%

₹1,577

₹3,60,216

Rate 6.8% · Years 3y → ₹20,059

How RD maturity is calculated

A recurring deposit is a series of monthly deposits. Each instalment earns quarterly-compounded interest for the months left until maturity, so the first deposit grows the most and the last one the least.

M = Σ R × (1 + r / 400)^((N − m + 1) / 3)

M: Maturity value — the sum over every instalment
R: Monthly deposit
r: Annual interest rate (% p.a.)
N: Total number of monthly deposits
m: Instalment number (1 for the first deposit)

Why is the exponent divided by 3?

Interest compounds every quarter, and a quarter is three months. An instalment that stays deposited for 12 months therefore compounds for 12 ÷ 3 = 4 quarters.

Is RD interest taxable?

Yes. RD interest is taxed at your income-tax slab rate, like FD interest, and banks may deduct TDS. The figures here are before tax.

What happens if I miss an instalment?

Banks usually charge a small penalty for a missed or late instalment, and the missed amount earns no interest for that period. This calculator assumes every deposit is made on time.

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