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Recurring Deposit Calculator - CashPedia
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Recurring Deposit Calculator

Calculate your returns, EMIs, and taxes instantly

What is Recurring Deposit (RD)?

Recurring Deposit is a special kind of term deposit which helps people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to Fixed Deposits.

How is it calculated?

M = P × n + I
I = P × [n(n+1) / 24] × (r/100)

Where:
M = Maturity Value
P = Monthly Installment
n = Number of months
r = Rate of Interest