Plan your savings better! Use our free RD Calculator to know how much you’ll earn from your recurring deposits. Just enter your monthly deposit, interest rate, and tenure – and get instant results on your future returns.
An RD Calculator is an online tool that helps you quickly calculate the maturity amount and interest earned on your recurring deposit. Instead of doing manual math, just enter your monthly deposit amount, interest rate, and tenure. The calculator will instantly show you the total value at maturity, making your savings planning easier and error-free.
The RD Calculator works by using your monthly deposit, interest rate, and tenure to estimate your total maturity amount. It helps you see how your savings will grow over time—perfect for planning short to medium-term goals. This tool saves time and avoids manual calculation errors.
The RD calculator uses a standard compound interest formula to compute the maturity amount:
Maturity Amount (A) = P × (1 + r/n)(nt) – 1 × (1 + r/n) / (1 – (1 + r/n)-n)
The calculator automatically factors in compounding and regular deposits to deliver accurate results. It removes the complexity involved in calculating interest on monthly contributions, especially when compounded quarterly.
An RD calculator helps estimate your maturity amount in seconds. It’s quick, accurate, and requires no manual math.
Steps to Use:
Interest earned from RDs is taxable and must be declared in your ITR.
RDs are great for low-risk investors looking for consistent returns and saving habits.
Avoid errors to ensure accurate results:
Sperso Filings’ Recurring Deposit Calculator makes savings planning fast and error-free. It offers accurate results to help you make better financial decisions.
Yes, it gives a close estimate based on standard formulas. Always verify with your bank for exact values.
Most RD calculators assume maturity payouts. For monthly interest, check with specific bank offerings.
No, it assumes the RD is held till maturity. Penalties must be checked separately with the bank.
Yes. You can run calculations for each RD plan individually to compare returns.
Usually, yes. Banks often offer 0.25%–0.75% extra interest to senior citizens.
No. RD calculators are designed for fixed monthly contributions.
Inflation reduces real returns over time. While RD offers guaranteed returns, their actual value may decrease due to rising costs.