RD Calculator (Recurring Deposit)
FinanceCalculate the maturity value of a Recurring Deposit (RD) using the standard quarterly-compounding formula used by Indian banks.
Maturity Value
Your projected RD maturity value, using quarterly compounding -- the real convention Indian banks use for recurring deposits.
Total Invested
$300,000.00
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Odeh Ahwal0people find this calculator helpful
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Frequently Asked Questions
How is RD maturity value calculated?
M = R x [(1+i)^n - 1] / [1 - (1+i)^(-1/3)], where R is the monthly deposit, i is the quarterly interest rate (annual rate / 400), and n is the number of quarters. Indian banks credit RD interest quarterly even though deposits are made monthly.
Why does this use quarterly compounding for monthly deposits?
This matches real Indian banking practice: RD interest is compounded quarterly regardless of the monthly deposit schedule, which produces a noticeably higher maturity value than a simple-interest approximation.
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