FD / RD / PPF Calculator
Calculate savings maturity amounts with year-by-year breakdown
Total Deposited
₹1,20,000
Total Interest
₹8,829
Maturity Amount
₹1,28,829
Year-by-Year Breakdown
2 years| Year | Deposited | Interest Earned | Cumulative Balance |
|---|---|---|---|
| Yr 1 | ₹60,000 | ₹2,244 | ₹62,244 |
| Yr 2 | ₹60,000 | ₹6,585 | ₹1,28,829 |
What is a Recurring Deposit (RD)?
A Recurring Deposit is a savings scheme where you deposit a fixed amount every month for a chosen tenure and earn compound interest on each instalment. RDs combine the discipline of a SIP with the safety of an FD — perfect for people who want to save regularly from their salary or income without a large lump sum.
Min. Monthly
₹100/month
Typical Tenure
6 months – 10 yrs
Interest Rate
4% – 7.5% p.a.
Compounding
Quarterly
How RD Interest is Calculated
Each monthly instalment earns compound interest from its deposit date to maturity. Banks use quarterly compounding: M = R × [(1+i)^n − 1] / (1 − (1+i)^(−1/3))
R = monthly instalment · i = quarterly interest rate (annual rate ÷ 4) · n = number of quarters. Each deposit effectively earns interest for a different duration, so total interest is lower than an FD with the same total principal.