RD Calculator
Your Monthly Loan EMI ₹4,825
A Recurring Deposit (RD) Calculator helps you figure out how much money you'll get at the end of your RD investment. It's quick, accurate, and removes the hassle of doing manual calculations.
How to Use RD Calculator
The RD Calculator works by taking three simple inputs: the deposit amount, duration, and interest rate. Once you enter these, it instantly shows the maturity amount.
Steps to Determine RD Maturity
The amount you'll get back depends on three key things: how much you deposit each month, the interest rate, and how often the interest is added.
Formula for RD Maturity
A = P × (1 + R/N)Nt
Where:
- A: Maturity amount
- P: Monthly deposit
- R: Interest rate (as a decimal)
- N: Compounding frequency (usually 4 for quarterly)
- T: Time period in years
RD Interest Rate Calculation Formula
Banks usually compound RD interest every three months (quarterly). Here's the formula:
M = R × [(1 + i)n - 1] / [1 - (1 + i)-1/3]
Where:
- M: Maturity value
- R: Monthly deposit
- n: Number of quarters
- i: Interest rate divided by 400
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Steps to Use RD Calculator Online
- Enter how much you plan to deposit every month.
- Select the duration of your RD.
- Enter or select the interest rate.
- Click "Calculate" to see the maturity amount and total interest earned.
Advantages of Using the RD Calculator
- Accurate Estimates: Gives exact results based on your inputs.
- Saves Time: No need to manually crunch numbers.
- Easy Access: Available online anytime.
- Better Planning: Helps you compare different RD options.