Calculate the maturity value of your Recurring Deposit (RD) with our easy-to-use online calculator. Plan your finances, understand your potential returns, and estimate interest earnings quickly and accurately. Perfect for investors looking to forecast their RD investments.
Formula:
The Maturity Value (M) of a Recurring Deposit is calculated using the compound interest formula, assuming monthly deposits and monthly compounding:
M = P × (1 + rm) × [((1 + rm)N - 1) / rm]
- M = Maturity Value
- P = Monthly Installment Amount
- rm = Monthly Interest Rate (Annual Interest Rate / 1200)
- N = Total Number of Months (Investment Period)