Perform everyday calculations instantly with our sleek, easy-to-use online calculator — designed for speed, accuracy, and simplicity.
TechlyTools.com offers a wide range of free digital utilities and calculators to simplify your daily tasks. Whether it’s budgeting, math homework, or quick conversions, our tools are crafted for precision and convenience.
Ever wondered how much your small monthly savings can grow into over time?
Recurring Deposits (RDs) are a popular savings option for salaried individuals and conservative investors. With the power of regular contributions and compounding interest, RDs can help you build a solid financial base for future needs—whether it’s a vacation, emergency fund, or your child’s education.
Our RD Calculator is designed to help you estimate your maturity amount and interest earnings in seconds. It removes the guesswork and gives you a crystal-clear financial picture so you can make informed decisions.
A Recurring Deposit is a fixed monthly savings plan offered by banks and financial institutions. You invest a fixed amount every month, and earn interest over the tenure. At maturity, you receive both your principal and the total interest earned.
Fixed monthly investments
Flexible tenure (6 months to 10 years)
Attractive interest rates
Low risk and guaranteed returns
Ideal for goal-based savings
To calculate your RD maturity value, our calculator takes into account:
Monthly deposit amount
Interest rate (% per annum)
Tenure (in months or years)
Compounding frequency (quarterly, typically used by Indian banks)
Where:
M = Maturity Value
R = Monthly Deposit
i = Annual Interest Rate / 4 / 100 (quarterly compounding)
n = Number of quarters
While the math can be tricky, our calculator gives you accurate results instantly, so you don’t have to worry about complex formulas.
Let’s say you deposit ₹5,000 every month for 3 years at an interest rate of 6.5% per annum:
Tenure: 36 months
Monthly deposit: ₹5,000
Estimated maturity value: ₹2,01,103
Total interest earned: ₹21,103
Now imagine increasing your tenure to 5 years. The impact on interest earnings becomes significantly larger due to compound growth.
Here’s how the RD Calculator adds value to your financial planning:
Instant maturity amount calculation
Compare tenures and interest rates
Identify the best saving duration for your goals
Avoid manual errors
Better planning for tax-saving RDs or child education funds
| Feature | Fixed Deposit (FD) | Recurring Deposit (RD) |
|---|---|---|
| Investment Type | Lump sum | Monthly contributions |
| Best For | One-time large savings | Regular monthly savers |
| Interest Payout | Monthly/Quarterly/At Maturity | At Maturity |
| Flexibility | Moderate | High |
| Ideal Users | Investors with bulk money | Salaried individuals |
Use it to plan your education fund by calculating monthly deposits and seeing how much you’ll have by graduation.
Plan for your child’s school or college expenses by estimating future fund growth.
Want to save for a vacation or emergency fund? Calculate how much you need to deposit monthly to reach that goal.
Many banks offer Tax-Saving RDs. Use the calculator to evaluate the most efficient tenure and amount.
According to the Reserve Bank of India, RDs are among the top three preferred savings instruments in India, especially in Tier-2 and Tier-3 cities.
A 2023 survey by Economic Times revealed that over 58% of salaried individuals use RDs to save for short-term financial goals, with most choosing tenures between 2-5 years.
RD Calculator
Recurring Deposit Calculator
Monthly Deposit Interest Calculator
RD Maturity Estimator
Online RD Calculation Tool
These keywords are strategically placed in the content to improve SEO while maintaining readability.
Table: Comparison of monthly deposits across different tenures (1–5 years) with interest earnings
Graph: Growth of RD over time with compounding
Infographic: Breakdown of interest vs. principal across tenure
Start making smarter savings decisions today. Use our RD Calculator to find out exactly how much your money can grow with disciplined monthly savings.
Try it now and plan your goals with confidence!
Have questions or suggestions? We’d love to hear from you. Share your thoughts below or explore our other financial tools.