RD Calculator

What is an RD Calculator?

An RD Calculator helps you calculate the maturity value and interest earned on your Recurring Deposit. Banks and post offices offer RD schemes with monthly deposits and fixed interest rates.

Formula Used

Maturity = P × n + P × (n × (n + 1) / 2) × r

• P = Monthly deposit
• n = Number of months
• r = Monthly interest rate (Annual Rate / 12 / 100)

Benefits of Using an RD Calculator

• Accurate maturity value
• Easy to compare bank RD rates
• Great for goal-based monthly savings
• Useful for Post Office RD planning