About RD Calculator
The RD Calculator is a smart online tool designed to help you estimate the maturity value of your Recurring Deposit (RD) in just a few seconds. Instead of doing complex quarterly compounding calculations manually, this calculator gives instant and accurate results based on your monthly deposit, interest rate, and duration.
With this tool, you can easily understand how much you will invest in total, how much interest you will earn, and the exact amount you will receive at maturity. It is perfect for users who want to plan their savings, compare RD schemes, or check future returns before starting an RD account.
The calculator works on the standard RD formula used by banks and post offices, ensuring reliable and trustworthy results. Its simple interface, slider controls, and real-time calculation make it user-friendly for everyone—from beginners to experienced investors.
How to Use RD Calculator (Step-by-Step Guide)
A Recurring Deposit (RD) calculator helps you estimate the maturity amount, total deposit, and interest earned from your monthly RD investment. It saves time and gives you accurate results instantly. Here is a clear guide on how to use the RD calculator effectively.
1. Enter Your Monthly Deposit Amount
This is the amount you plan to invest every month in your RD account.
Example: ₹1,000, ₹5,000, or any amount you choose.
- Type the amount manually OR
- Adjust the slider to increase or decrease the monthly deposit.
2. Set the Interest Rate (p.a)
Enter the annual interest rate offered by the bank or post office.
- Example: 6.5%, 7%, 7.5%, etc.
- You can type the rate or move the slider.
The calculator will convert this into quarterly compounding automatically (as per RD rules).
3. Select the Duration (in Years)
Choose the number of years you want to invest.
- Example: 1 year, 3 years, 5 years, 10 years, etc.
The calculator multiplies the years × 12 to get total monthly installments.
4. View the Results Instantly
The RD calculator will instantly show:
✅ Total Deposit
Total money invested
= Monthly Deposit × Number of Months
✅ Interest Earned
The profit earned on your deposits with quarterly compounding.
✅ Maturity Value
This is the final amount you will receive when your RD matures.
5. Understand the Chart
The donut chart helps you visually understand:
- How much is your total investment
- How much is the interest earned
This makes comparison easier.
Why Use an RD Calculator?
✔ Saves time
✔ Gives accurate maturity calculations
✔ Helps in financial planning
✔ Useful for comparing different RD schemes
✔ Prevents calculation mistakes
Final Words
Using the RD calculator is simple—just enter your monthly deposit, interest rate, and duration. The tool instantly shows your maturity amount and interest, helping you make smart investment decisions.
