Recurring Deposit (RD) Calculator

Find the maturity value and interest of recurring monthly deposits with standard quarterly compounding.

Inputs

Monthly Deposit (₹)

1005,00,000

Rate of Interest (% p.a.)

120

Time Period (Years)

110

Total Invested Amount

₹72,000

Total Interest Earned

₹8,024

Maturity Value

₹80,024

\displaystyle M = P \sum_{i=1}^{n} \left(1 + \frac{r}{4}\right)^{\frac{n - i + 1}{3}}

Each monthly installment earns interest compounded quarterly for the remaining months until maturity.