Calculate recurring deposit maturity value and total interest. Free online RD calculator with formula, examples, and FAQ for RD investors.
A Recurring Deposit (RD) allows you to save a fixed amount every month for a predetermined period at a fixed interest rate. It's perfect for building a savings habit and accumulating wealth gradually. The RD calculator computes the maturity value considering each monthly deposit earns interest for the remaining period, with the first deposit earning the most interest and the last deposit earning the least.
Maturity Value = P × [((1 + r)^n - 1) / r] × (1 + r)Where P is the monthly deposit, r is the monthly interest rate (annual rate / 12 / 100), and n is the total number of months. This is essentially the future value of an annuity due, as each monthly deposit is made at the beginning of the period. Each deposit earns compound interest for its respective remaining period.
| Input | Output |
|---|---|
| $5,000/month, 7% p.a., 5 years | Maturity: $357,939.68, Total Deposit: $300,000, Interest: $57,939.68 |
| $2,000/month, 6.5% p.a., 3 years | Maturity: $79,401.94, Total Deposit: $72,000, Interest: $7,401.94 |
| $10,000/month, 8% p.a., 10 years | Maturity: $1,839,383.43, Total Deposit: $1,200,000, Interest: $639,383.43 |