RD Calculator
The RD calculator is designed to compute the maturity value and estimated recurring deposit returns on the investment.
What is an RD Calculator?
The RD calculator is a free tool that finds how much your recurring deposit amount can grow at a maturity time.
How to Use the RD Calculator?
- Firstly, enter the monthly amount you will invest in the recurring deposit.
- Now, input the interest rate(%) and select the investment time in years.
- Lastly, click on the "Calculate" button and sit back.
- As a result, you can see the total estimated returns upon maturity.
- You can press the "Reset" button to start the new calculation.
Formula to Calculate RD Maturity
M = |
P × (1 + i/400)n*4 - 1 | | (1 - i/400)-1/3 |
|
Where,
M = Maturity value,
P = Monthly investment,
i = Interest rate (per year),
n = Number of years.