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Recurring deposits (RD) Calculator

(Calculate your recurring deposit growth over your investment period.)


The Recurring Deposit calculator (RD calculator) is a simple tool designed to help you estimate the maturity amount and interest earned on your RD investments. Just enter the required fields, such as monthly deposit amount, investment duration, and interest rate, and the RD calculator will give you fast and correct results without any manual calculation. As RD is a savings scheme that allows you to invest a fixed amount at regular intervals, ... it promotes disciplined savings over time. Facilitated by tools like the online calculator, you can manage your RD investments wisely and more effectively. Read more

Monthly Investment

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₹ 5 k
₹ 1 lakh

Interest Rate(P.A)

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 1%
 20%

Investment Tenure(Years)

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 1 Year
 10 Year
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Did You Know

Financial flexibility isn't just about having money, it's about having choices. Exploring ways to build a reliable savings base can empower you to navigate life's twists and turns with greater ease.

Take Control Now

What is RD Calculator?

An RD calculator is an online tool that helps you estimate the maturity amount of your Recurring Deposit without the need for complex calculations. It uses the principal amount, tenure, interest rate, and compounding frequency to provide accurate results instantly.


How Can an RD Calculator Help You?

RD calculators can help you compare different tenures and interest rates instantly. You can then choose to start an RD that maximizes your returns.

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Reduces the Chances of Errors: If you calculate RD returns manually, you might make mistakes as the formula is quite complex. You can avoid such human errors with a calculator and get accurate results.
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Saves Time: The advantage is not just limited to accuracy. You also save time by using an online calculator. Without having to learn detailed formulas, you can get an idea about your future earnings.
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Makes Financial Planning Easier: With instant and accurate results, you can formulate a financial plan that works for you. For instance, you can check whether the RD returns will be enough to achieve your goals or if you should look for additional investment options.
Why Use RD

Formula to Determine RD Maturity

See, recurring calculators allow even those who do not have the knowledge of complex mathematics to determine the maturity amount. Still, if you want to understand how the calculator works, here is the formula that forms the foundation for calculating RD earnings:


M = P × [(1 + r/n)^(nt)]


Here, M is the maturity value

P is the monthly deposit

r is the annual interest rate

n is compounding frequency

t is the tenure in years or the duration left till maturity


Let’s say you deposit ₹7,000 every month in the RD for a year and earn interest at a rate of 8.5% compounded quarterly:


Here,

P= ₹7,000

r= 8.5%= 0.085

n= 4


Placing these values in the RD calculator formula,


  • Maturity value for the first month, i.e., t= 12months = 1 year


    • M = 7000 × [(1 + .085/4)^ (4*1)] = ₹7,614.24


  • Maturity value for the second month, i.e., t= 11/12 years


    • M = 7000 × [(1 + .085/4)^ (4*11/12)] = ₹7521.88


  • This will continue till the twelfth month, where t= 1/12 years


    • M = 7000 × [(1 + .085/4)^ (4*1/12)] = ₹7049. 37


    Adding all these values together,


    M= ₹7,614.24 + ₹7521.88 + …………….. + ₹7049. 37 = ₹87,941.23


    This is the total maturity amount you will receive at the end of the year.


How to Use RD Calculator

Using the RD interest calculator is simple and requires just a few inputs to get an accurate estimate of your maturity amount. Follow these steps:


  • Visit the website and navigate to the RD calculator tool.

  • Enter the monthly deposit amount.

  • Select the investment tenure.

  • Enter the applicable interest rate.

The Recurring Deposit interest calculator will instantly display your estimated returns and total maturity value

Advantages of Using an RD Maturity Calculator

RD return calculators are free to use and easily available online. Thus, people from all walks of life can use them and avail the following benefits:


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Goal-Based Savings: When you know the exact amount you will receive at the maturity of an RD, you can formulate the right plan for your financial goals, like education, travel, or emergency funds.
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Easy Comparison: Every bank may offer RD investment plans with varying terms. Which one will give you the best returns? You can get the answer to this question using the RD calculator. You can compare RDs from different banks to choose the best option based on interest rates and tenure.
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Customization: You can adjust variables like deposit amount, tenure, and interest rate to explore different savings scenarios. You can then talk to your bank and customize your RD in such a way that you receive the maximum returns.
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No Need for Manual Effort: Unlike traditional methods, an RD calculator eliminates the need for pen-and-paper calculations. This makes the process hassle-free and user-friendly.
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Available Anytime, Anywhere: Most RD calculators are available on online platforms. You can thus check your potential returns anytime without visiting a bank.
Why Use RD

Check Out Our Other Calculators

Financial well-being starts with a plan. You can check out more financial tools and calculators to get a head start in your financial journey.

People also ask

1What is an RD calculator?

2How does it work?

3Who can use an RD calculator?

4Can I break my RD prematurely?

5What is RD’s range of tenure?

6Is TDS applicable on RD?

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7How is Recurring deposit interest calculated?

8 How do I calculate the maturity amount for an RD?

9How is the interest calculated in a recurring deposit?

10Can I calculate RD returns for different tenures using the RD Calculator?

11 Does the RD Calculator consider compounding frequency?

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Disclaimers-

The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.

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