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RD Calculator

Calculate the maturity value of your Recurring deposit

RD Calculator

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Put Your Calculator Aside, We've Got This.

RD Calculator

Total Investment

₹ 2,40,000

Total Interest

₹ 14,179

Maturity Value

₹ 2,54,179

Say Hello to Our Recurring Deposit Calculator!

Investing in a Recurring Deposit (RD) is like running a marathon, and a Recurring Deposit Calculator is the coach. Just like a marathon requires consistent effort, your RD requires disciplined monthly deposits. An RD Calculator shows you how much you need to set aside to help you get your hands on that top-end smartphone or a designer outfit. It guides you on working best with your resources to reach your goal, the finishing line. All this without worrying about running out of funds at the end of each month.

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What is a Recurring Deposit Calculator?

A Recurrent Deposit is a versatile investment instrument. It can be used as a financial safety net in case of emergencies. It can also be used to save money to make a dream purchase.

The Recurring Deposit calculator shows you the interest you will accrue over your RD tenure.

The interest on your RD is compounded quarterly. However, if you start your RD in the middle of an ongoing financial quarter, then the recurring deposit will earn a simple interest until the end of that financial quarter. Following that, it will begin to accrue quarterly compounded interest.


M = R[(1+i)^n-1]/(1-(1+i)^(-1/3) )

‘M’ stands for the maturity amount; ‘R’ is the RD amount you deposit each month; ‘N’ is the number of quarters in the tenure; ‘i’ is the interest rate; ‘t’ is the tenure of the RD in months.

Are you keen to get started with your Recurring Deposit? Download the digibank by DBS app to get started.

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How can you use an RD Calculator?

Unless you are an algebra fan, we need to tell you that there is an easy-to-use online Recurring Deposit calculator that you can use. All you need to do is the following

  • Type in the monthly deposit amount
  • Type in the expected rate of interest and the tenure
  • Tap ‘calculate.’

You will get your maturity amount so quickly that even making instant noodles will appear slow!

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Features of Recurring Deposit Calculator

An RD Calculator is your true friend in this fast-paced life where you need speedy and accurate tools to help you get tasks done.

RD Calculator Key Features

  • It computes 100% accurate results
  • It takes only a few seconds to calculate the maturity amount.
  • It is free to use as many times as you want.
  • It only requires you to input three variables – Recurring Deposit amount, tenure, rate of interest.
  • It allows you to use any permutation or combination of variables.

RD Calculator Key Benefits

  • Saves you the hassle of tedious manual calculations
  • Helps to plan your financial investments.

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Eligibility Criteria of RD Calculator

Any Indian citizen, HUF (Hindu Undivided Family) can open an RD.

Anyone with an RD or anyone considering opening an RD can use the calculator to plan their finances. To start your recurring deposit, download the digibank app.

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Recurring Deposit Calculator FAQs

You can begin an RD with a minimum deposit of just ₹100.
No, there is no upper limit on the amount you can deposit in your RD.
Yes, you can open multiple RD accounts as long as you have the necessary documentation. There is no upper limit on the number of RD accounts you can hold.
Yes, most financial institutions provide a higher interest rate on RD account(s) held by senior citizens. However, the senior citizen will need to provide age proof to be eligible for a higher interest rate.
You can make daily, monthly, or quarterly deposits.
Yes, your chosen deposit amount will be automatically debited from your preferred bank account at your chosen periodic interval.
The minimum tenure for an RD is 6 months. The maximum period is 10 years.
Yes, the interest earned is taxable.
The penalty will be levied as per the bank’s existing policy. You may check the terms and conditions with your nearest bank branch, visit the website, or download the digibank by DBS app for further details.
Yes, you can withdraw your RD prematurely. A fee will be levied for the same.
Yes, an RD can be opened in the name of a minor by their parent or guardian.
Yes, you can hold a joint RD.
Yes, you can get a loan against your RD. The terms and conditions will vary according to your chosen loan.
No, you cannot partially withdraw your RD. You may completely withdraw it before maturity and pay the early redemption penalty.
Yes, you can choose a nominee or beneficiary for your RD account. You can also change the nominee at any point of time during your RD period.

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