Estimate your Recurring Deposit (RD) maturity amount and total interest earned with our easy-to-use RD calculator. Perfect for planning your financial goals, smart savings, and understanding your potential investment returns efficiently.
Formula:
The Maturity Amount (M) of a Recurring Deposit is calculated as:
M = Total Deposits (P × N) + Total Interest (I)
Where:
- P = Monthly Installment (Principal)
- N = Total Number of Months (Tenure in Years × 12)
- I = Total Interest Earned (calculated based on monthly compounding)