RD

Title

RD Calculator

Meaning

RD stands for Recurring Deposit. It helps estimate the maturity value of fixed monthly deposits.

Usage

Use this calculator to plan disciplined monthly savings in a bank recurring deposit and estimate interest earned.

Monthly Deposit (₹)

Annual Interest Rate (%)

Time Period (Years)

Formula:

FV = P \times \frac{(1+i)^n - 1}{i},\quad i=\frac{r}{12}

Total Deposit₹ 3,00,000

Interest Earned₹ 57,965

Maturity Value₹ 3,57,965