Build your wealth step-by-step. Calculate the maturity amount and interest earned on your Recurring Deposits instantly with our secure, browser-based tool.
๐ฆ Launch RD Tool โ โก Monthly Savings Planning โข ๐ 100% Private โข ๐ Reliable ProjectionsOur tool uses standard compounding formulas to show how regular monthly contributions build up over time with interest.
Your financial goals are yours alone. All calculations occur locally in your browser, ensuring no sensitive data ever leaves your device.
See exactly how much you've invested versus the interest earned to understand your total maturity proceeds at a glance.
Easily adjust monthly deposit amounts and tenures to find the perfect savings plan that fits your current budget.
Input the fixed amount you plan to save every month in your Recurring Deposit account.
Enter the annual interest rate provided by your bank and the total duration in months or years.
The tool calculates your total investment, interest earned, and final maturity amount instantly.
Perfect for users who want to accumulate a specific amount for future goals without making a large lump sum payment.
Plan for upcoming expenses like annual fees, vacations, or holiday gifts by saving a little bit every month.
Calculate guaranteed returns for your monthly savings in a safe bank-backed financial instrument.
We value your security. Our RD tool runs purely in your browser's RAM; no monthly amounts or financial details are ever logged or tracked.
An RD is a type of term deposit offered by banks that allows people with regular incomes to deposit a fixed amount every month and earn interest at rates similar to FDs.
RD interest is usually compounded quarterly. The formula used is: $M = R \cdot \frac{(1+i)^n - 1}{1 - (1+i)^{-1/3}}$, where M is maturity, R is monthly installment, n is number of quarters, and i is the quarterly interest rate.
Generally, once an RD is opened, the monthly installment amount is fixed for the entire tenure. Use this calculator to ensure the amount fits your budget before opening the account.