Recurring Deposit Calculator
RD maturity from monthly deposits — quarterly compounding
Total Invested
Interest Earned
Maturity Amount
Indian bank RD style — quarterly compounding approximation.
Recurring Deposit Calculator — Complete Guide & Instructions
MakeCard RD Calculator estimates the maturity value of a recurring deposit — the popular Indian savings scheme where you deposit a fixed amount every month. Enter your monthly installment, the annual interest rate, and the tenure in months; the tool applies the standard quarterly-compounding model used by Indian banks and instantly shows the total you invested, the interest earned, and the final maturity amount. Quick chips set common tenures of 12, 24, 36 and 60 months.
How to Use Recurring Deposit Calculator
- 1 Enter your Monthly Deposit amount in ₹.
- 2 Enter the annual Interest % offered by your bank or post office.
- 3 Set the Period in months — or tap a quick chip (12, 24, 36, 60).
- 4 Read the three stats: Total Invested, Interest Earned, and Maturity Amount.
- 5 Adjust the rate or tenure to compare different RD options.
Key Features & Capabilities
- Standard Indian-bank RD math — quarterly compounding approximation.
- Three instant outputs: invested, interest earned, maturity value.
- Quick-tenure chips for 12, 24, 36 and 60 months.
- INR-formatted figures for easy reading.
- Live recalculation as you type.
- Great for comparing bank RD vs post-office RD vs FD returns.
Supported Formats & Specifications
| Parameter | Specification |
|---|---|
| Inputs | Monthly deposit (₹) · annual interest % · tenure in months |
| Compounding | Quarterly (standard Indian RD convention) |
| Outputs | Total invested · interest earned · maturity amount |
| Tenure Chips | 12 / 24 / 36 / 60 months |
| Currency | ₹ (Indian numbering) |
Practical Everyday Use Cases
- Estimating what a ₹5,000/month RD will be worth at maturity.
- Comparing a bank RD against a post-office RD at their current rates.
- Planning a savings goal — how much monthly deposit reaches a target corpus.
- Deciding between RD and FD for a lump sum versus monthly saving.
- Teaching kids or family the power of regular saving + compounding.
Pro Tips for Best Results
- RD interest compounds quarterly — a slightly higher rate beats a bigger deposit over long tenures.
- Senior citizens usually get ~0.5% extra on bank RDs — enter that higher rate for an accurate figure.
- The maturity amount is approximate; TDS on interest can reduce what you actually receive.
- Post-office RDs run in 5-year blocks — use the 60-month chip for that scheme.
Common Problems & Solutions
Banks round differently and apply their exact compounding formula — this is the standard quarterly approximation, usually within a few rupees.
Check that the rate is per year (not per month) and the tenure is in months, not years.
All three inputs need values — fill deposit, rate and months.
Privacy & Security
100% Client-Side Execution
Everything is computed in your browser — deposit amounts and rates are never transmitted or stored.
Frequently Asked Questions
Everything you need to know about using Recurring Deposit Calculator
Each monthly installment compounds quarterly at the annual rate — the tool applies the standard bank formula and sums the value of every deposit to maturity.
They serve different needs: FD suits a lump sum, RD suits saving a fixed amount monthly. At the same rate, a lump-sum FD earns slightly more since all money compounds from day one.
Post-office RD rates are set quarterly by the government — check the current rate on India Post's site and enter it here for a live estimate.
Yes — RD interest is added to your income and taxed at your slab; TDS may apply above the threshold. The maturity shown is pre-tax.
Yes — tap the 60-month chip, enter the current post-office rate and your monthly deposit, and read the maturity amount.
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