RD Calculator

Stay on track with your savings goals using our Recurring Deposit Calculator, making it simple to project your future returns with regular investments.

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Term deposits, where an amount is invested for a fixed maturity period, are generally preferred by risk-averse investors who want a safe and stable return from their investments. Term deposits are of two types: Recurring Deposits (RDs) and Fixed Deposits (FDs). However, they differ in terms of the mode of deposit. In RDs, an investor agrees to contribute a fixed amount of money at a pre-fixed frequency, typically once a month, till the maturity period. But the FD requires a lumpsum, one-time investment for a fixed term. However, calculating the maturity value of a recurring deposit can turn out to be complicated. Our RD calculator will make it easy for you to calculate the redemption value of your RD investment. This blog post will educate you on everything about the RD calculator online. 

More about the RD calculator

RDs are a popular and relatively safer investment option available to investors today. Most banks and financial institutions offer RDs. The differentiating factor among RDs offered by various financial institutions would be the interest rate. Thankfully, an RD calculator can help you estimate the maturity value of all the options available to help you make a well-informed decision. 


The CoinSwitch RD calculator is a simple online tool that will help you calculate the interest earned on your RD investment.

Calculating interest earned on an RD account

The Recurring Deposit interest calculations are based on the principle of compound interest. As an investor, you can start an RD by depositing anywhere between ₹1,000 to ₹1,99,99,900 per month. The catch in an RD is that the interest is compounded every quarter, not every month even if the deposits are made monthly. 


The quarterly compounding frequency will impact your maturity amount. You will receive a lower interest from quarterly compounding compared to what you would have earned with monthly compounding. However, the upside in an RD investment is that the redemption amount is assured.  

Calculating the maturity value of RD manually

The RD calculator above will help you calculate the maturity amount at the click of a button, but for the mathematically inclined, we have given the formula below:  


A = P*(1+R/N)^(Nt)

A = Maturity amount

P = RD installment per month 

N = Compounding frequency (number of quarters)

R = Interest rate

T = Number of years

This formula helps to calculate the maturity amount irrespective of the investment amount or tenure. 


For example, Mr. Dheer wants to start an RD with a reputed bank for ₹20,000 fixed investment per month. The bank has offered him a 7% per annum interest rate for 5 years. He wants to know his maturity value. 


The maturity amount for the RD will be  = ₹14,38,659


Out of the maturity value, Mr. Dheer would have earned ₹2,38,659 as interest on his total investment of ₹ 12,00,000. 

The RD calculator is simple and easy to use 

The RD calculator is simple and intuitive to use. You have to plug in the prompted variables and the calculator will do the magic for you. It will give you the maturity amount in seconds and also show the breakup of the total amount invested by you during the RD tenure and the interest earned on your investment. You will have to enter the following details:


1. The desired monthly investment amount 

2. The tenure of the RD

3. The interest rate 


Once you enter the above variables, it is advisable to double-check once. Correct variables will give you accurate results.

Using the RD calculator can be beneficial in many ways

Investment is a major financial decision. So, investors would be curious to know the maturity value of any financial investment before depositing their hard-earned money. An online RD calculator will help you make an informed decision. Here are some of the benefits of using an RD calculator. 

  • Accuracy, guaranteed


Human error is possible when you calculate investment returns manually. The RD calculator will minimize the chances of such errors and provide precise results. 

  • Saves time


To calculate the maturity value of an RD, you have to input multiple variables, which can be confusing and time-consuming. Using an RD calculator like the one above will help you minimize the time required for calculations. 

  • Helps to plan your finances better


If you have some clarity about the prospective returns from an investment, you can invest with confidence. An RD calculator serves this purpose admirably.

  • Brings transparency


The investment language used in RD scheme documents can sometimes be confusing or misleading for the ordinary investor. With an RD calculator, you can be rest assured about the maturity amount.


RDs are popular investment products as they offer a guaranteed maturity amount at the end of the investment tenure. The RD calculator will help you make an investment decision by calculating the maturity value of your investment. Try out the above calculator and invest in an RD with absolute certainty. 


1.What is the rate of return of RD?

The rate of return from an RD depends on the state of the economy, inflation, and the interest rate. Get in touch with the bank or financial institution that offers the RD to ascertain the rate of interest that will apply to your investment.

2.What is the highest rate of return one can get from RD?

Though RDs offer a fixed amount on maturity, it is difficult to answer this question. For one, the prevailing interest rates are a function of several economic factors at work. Senior citizens, though, are entitled to get a higher RD rate.

3.Can you compare FDs with RDs?

Though both are good investment options, they vary in terms of investment mode. If you prefer investing a fixed amount every month, then RD would work for you. But if you are thinking of investing a lump sum, you can consider FD.

4.Is RD a good long-term investment product?

Yes, RD is a relatively low-risk investment for the long term. Here, interest is compounded every quarter, that is four times a year. However, you should do your own research and seek assistance from financial planners before investing.

5.How much will I earn if I invest ₹1,000/per month in a five-year post office RD?

We cannot provide a direct answer here as interest rates change depending on economic factors. But considering a 7% interest rate, the maturity value would be ₹71,932.79. Your investment amount would be ₹60,000, and the interest earned will be to the tune of ₹11,932.