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Calculate RD maturity with monthly deposits and quarterly compounding
RD Maturity Amount
Total Amount Deposited
Interest Earned
Recurring Deposit (RD) is India's most popular disciplined savings scheme, designed for salaried individuals who earn monthly income. You commit to depositing a fixed amount (₹100 minimum, typically ₹1,000-10,000) every month for a tenure of 3 months to 10 years. Unlike a Lumpsum Fixed Deposit, RD doesn't require you to have a large amount upfront—you build it gradually through consistent monthly deposits. Banks offer 5-6.5% p.a. on RDs, with interest compounding quarterly on the growing balance. This means each monthly deposit earns interest from the moment it's deposited, for a decreasing number of months. By maturity, you've contributed principal plus earned interest, resulting in a larger corpus. RDs are ideal for young professionals starting to save, homemakers managing household budgets, business owners with variable monthly income, and retirees supplementing fixed income. Many banks offer 'step-up RD' where your monthly amount increases annually, creating an inflation-adjusted savings plan. RD teaches the discipline of automatic monthly saving—set it and forget it via auto-debit from your salary account.
EMI = P × r × (1+r)^n / ((1+r)^n − 1)Where:
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