Bank Recurring Deposit (RD) interest and maturity calculator. Accurately simulates quarterly compounding on monthly deposits, including senior citizen interest rate bonuses.
Runs entirely in your browser
A Recurring Deposit (RD) is a bank savings product where you deposit a fixed amount every month for a set term and earn interest, typically compounded quarterly, with the full maturity amount paid at the end. This calculator computes that maturity value and the interest earned, and can include the higher interest rate banks offer senior citizens.
Because each monthly deposit earns interest for a different length of time, the maturity maths is not as simple as a single lump sum — the tool handles the quarterly compounding on each instalment correctly. It is a good way to see what a disciplined monthly saving habit will accumulate to.
It runs in your browser, so your figures stay private. Rates vary by bank and change over time, so use it to compare options and plan; your bank’s current rate is the final word.
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