RD Account Calculator
Rd account calculator works out Maturity value and Total deposited from Monthly instalment, Interest rate and Interest compounds. The default figures on this page give maturity value of 356,829.14; change any entry and the result, the working and the sources update together.
Your figures
Updates as you typeHow this is worked out
5 steps
- Rate per compounding period i = 6.7% / 4 = 1.675%.
- 60 monthly instalments: the first compounds for 60 months, the last for one month.
- Future value of one unit of instalment = 71.36582884.
- Maturity value = 5000 * 71.365829 = 356829.14.
- Deposits total 300000, so the interest is 56829.14.
Balance at each anniversarytable
| year | deposited | balance |
|---|---|---|
| 1 | 60,000 | 62,210.16 |
| 2 | 120,000 | 128,694.3 |
| 3 | 180,000 | 199,746.04 |
| 4 | 240,000 | 275,679.2 |
| 5 | 300,000 | 356,829.14 |
Its 4 worked examples are re-run on every release, last on 15 September 2026. What changed
Sources and references
2 sources
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Save it, change one figure, then compare the two
The calculation stays free. Save this scenario, adjust one assumption, save that too, and put them side by side to see exactly what the change costs you. A free account keeps 5 scenarios and 2 comparisons; Personal makes both unlimited and adds exports and private links. Nothing is saved unless you press Save.
What the rd account calculator calculates
Computes the maturity value and interest of a recurring deposit from the monthly instalment, the rate and the term, compounding each instalment only for the months it is actually held.
How to use this rd account calculator
Enter Monthly instalment, Interest rate, Interest compounds and Term. Maturity value updates as you type, and “Use a worked example” loads checked figures you can adjust. Change one figure at a time to see what drives the result.
How the result is worked out
Open “How this is worked out” beside the result for the step-by-step calculation behind Maturity value, Total deposited and Interest earned.
The method follows India Post, National Savings Recurring Deposit Account - maturity formula M = R[(1+i)^n - 1]/(1 - (1+i)^(-1/3)) and Future value of a compound-interest deposit, A = P(1 + i)^t, summed over the instalments.
India Post's 5-year recurring deposit: 100 a month at 6.7% example
With Monthly instalment: 100, Interest rate: 6.7, Term: 5, Interest compounds: quarterly, the calculator returns Maturity value: 7136.58288, Total deposited: 6000. This example is checked against an independent source in the test suite.
What you can compare
Change one input at a time to see how it affects Maturity value, Total deposited and Interest earned. The inputs you can vary are Monthly instalment, Interest rate, Interest compounds, Term, Extra months and Target maturity value.
Understanding Maturity value, Total deposited and Interest earned
Deposit interest is taxable and banks may deduct tax at source. Confirm the rate, compounding basis and tax treatment with your own bank or post office before relying on a figure.
Results are general information, not financial, tax, legal, medical or engineering advice. Check any decision that matters with a qualified professional.
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Frequently asked questions
Which bank gives 7% interest on RD?
Computes the maturity value and interest of a recurring deposit from the monthly instalment, the rate and the term, compounding each instalment only for the months it is actually held. On the figures this page opens with — monthly instalment 100, interest rate 6.7% and term 5 years — the maturity value is 356,829.14. Put your own figures in their place and the working updates beside the result.
How much is $3,000 per month in RD for 5 years?
On the figures this page opens with — monthly instalment 100, interest rate 6.7% and term 5 years — the maturity value is 356,829.14. No single number fits everyone: change any figure above and the answer updates as you type, with each step of the arithmetic beside it.
How much is $3,000 per month in RD for 3 years?
It needs Monthly instalment, Interest rate, Interest compounds, Term, Extra months and Target maturity value. Nothing else is required, and the figures stay in your browser.
What information do I need for the rd account calculator?
You need Monthly instalment, Interest rate, Interest compounds, Term, Extra months, Target maturity value and Tax rate on the interest. The page opens with default figures that give maturity value of 356,829.14, so you can see the scale before entering your own.
What does this rd account calculator show?
It shows Maturity value, Total deposited, Interest earned, Instalment needed for the target, Number of instalments, Rate per compounding period, Effective annual yield and Interest as a share of deposits, with the working and any warnings for your entries.
Can I check how the rd account calculator result was calculated?
Yes. The “How this is worked out” section shows the calculation steps, and the sources section identifies the references used for the method.