Recurring Deposit Calculator
Maturity value of a recurring deposit scheme.
Calculate maturity value of a recurring deposit (RD) with monthly deposits at a fixed rate. Enter interest rate and term months for an instant result.
What this tool does
Enter monthly deposit, annual interest rate, and months. The tool shows the maturity value.
Enter Values
Formula Used
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Disclaimer
Results are estimates for educational purposes only. They do not constitute financial advice. Consult a qualified professional before making financial decisions.
Recurring deposits are fixed-rate monthly savings products popular in Asia. 500/month at 6% for 36 months matures at about 19,766 — interest of roughly 1,766. Not a growth vehicle — just a disciplined way to save a lump sum from regular contributions at a known rate. Useful when target date and amount are specific.
Quick example
With monthly deposit of 500 and annual interest rate of 6% (plus term of 36), the result is 19,766.39. Change any figure and watch the output shift — it's often more useful to see the pattern than to memorise the formula.
Which inputs matter most
You enter Monthly Deposit, Annual Interest Rate, and Term (Months). Not every input has equal weight. Flip one at a time toward extreme values to feel which ones move the needle most for your situation.
What's happening under the hood
Future value of ordinary annuity. Monthly deposits compound at monthly rate. The formula is listed in full below. If the number looks off, you can retrace the calculation by hand — that's the point of showing the working.
Turning the result into a plan
A projection is just a starting point. The real work is setting the monthly amount aside automatically so the saving happens before you can spend it. Most people who hit savings goals set up a standing order on payday; most who miss them rely on willpower at month-end.
What this doesn't capture
The calculation assumes a steady savings rate and a stable interest rate. Real saving journeys include emergencies, windfalls, and rate changes — especially in easy-access products. The figure is a direction of travel, not a guarantee.
Where to go next
This calculation rarely sits alone in a planning exercise. If you're running these numbers, you'll probably also want the fixed deposit maturity calculator, the compound interest calculator, and the fixed deposit rollover calculator — each one answers a different question in the same territory. Treating them as a set rather than in isolation usually produces a more honest picture.
Recurring deposit produces a maturity value based on the inputs provided.
Inputs
This example uses typical values for illustration. Adjust the inputs above to match a specific situation and see how the result changes.
Sources & Methodology
Methodology
Future value of ordinary annuity. Monthly deposits compound at monthly rate.
References
Frequently Asked Questions
Fixed rate guarantee?
Early withdrawal?
RD vs SIP in index fund?
Tax treatment?
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