Recurring Deposit (RD) Calculator
Calculate monthly recurring deposit maturity & quarterly compound interest
Monthly Presets:
RD Maturity Summary
Total Maturity Value
₹3,56,830
+₹56,830 Total Interest Earned
Total Amount Deposited:₹3,00,000
Total Interest Earned:₹56,830
Tenure Duration:60 Months (5.0 Yrs)
Frequently Asked Questions
Indian banks compound RD interest quarterly. The standard formula used by Post Office and commercial banks is:
M = P × [(1 + r/4)^(4t) - 1] / [1 - (1 + r/4)^(-1/3)], where P is monthly deposit, r is annual interest rate, and t is tenure in years.
The minimum tenure for a bank RD is usually 6 months (up to 10 years). Post Office RDs have a standard tenure of 5 years (60 months).