Savings
RD Calculator
Compute Recurring Deposit maturity with the standard quarterly-compounding formula.
RD details
5 yrs
Maturity value
₹3,59,664
at 7% p.a., quarterly compounding
- Total invested
- ₹3,00,000
- Interest earned
- ₹59,664
Formula: M = R × [(1+i)ⁿ − 1] / (1 − (1+i)^(−1/3)); i = rate/4, n = months/3.
Invested vs interest
- Invested
- Interest
Total: ₹3.60 L
Year-by-year growth
Formula
How the math works
M = R × [(1+i)ⁿ − 1] / (1 − (1+i)^(−1/3))
- R
- Monthly deposit
- i
- Quarterly rate = annual/4
- n
- Quarters = months/3
Method
How it works
- 1
Enter the monthly deposit amount.
- 2
Pick your bank’s RD interest rate — usually 6.5–7.25%.
- 3
Choose tenure in months (6–120).
- 4
CalcPe applies the standard SBI/Post-Office RD formula with quarterly compounding.
Worked example
A quick walkthrough
Inputs
₹5,000/month for 1 year at 7% p.a., compounded quarterly.
Steps
- i = 0.07/4 = 0.0175
- n = 12/3 = 4 quarters
- M ≈ ₹62,311
Result
Maturity ≈ ₹62,311 · interest earned ≈ ₹2,311.
Why use it
Why CalcPe’s RD Calculator
- Disciplined monthly savings with guaranteed returns.
- Ideal for short-term goals (1–5 years).
- DICGC-insured up to ₹5 L per depositor per bank.
- No market risk — capital fully protected.
FAQ
Frequently asked questions
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