How RD Calculator Works

Calculate your RD returns in a few simple steps!

The RD calculator helps you calculate the maturity amount you will receive by investing a fixed sum each month in a recurring deposit. Simply enter your monthly investment amount, interest rate, and tenure, and the calculator will provide the maturity value.

The formula used is:

• Maturity Value = P × ((1 + r)^(nt) - 1) / r × (1 + r)
• P = Monthly Investment
• r = Monthly Interest Rate (Annual Interest Rate divided by 12 and then divided by 100)
• t = Time (Tenure in years)
• n = Number of deposits made per year (12 for monthly)