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Recurring Deposit (RD) Calculator
Formula
Maturity Amount (Quarterly Compounding): M = R × [(1+i)^n - 1] / (1-(1+i)^(-1/3))
Where R = monthly deposit, n = quarters, i = rate/quarter.
Examples
- ₹5,000/mo at 7% for 12 months = ₹62,295 maturity.
- $100/mo at 5% for 60 months (monthly comp) = $6,800.61.
- Higher frequency = higher interest.
FAQ
What is a Recurring Deposit?
A special term deposit where you deposit a fixed amount monthly.
Why quarterly compounding?
Many Indian banks compound RD interest quarterly rather than monthly.
Is RD interest taxable?
Yes, usually subject to TDS depending on your country's laws.
Can I withdraw early?
Usually yes, but with a penalty on the interest rate.
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