What is the Recurring Deposit Calculator?
D is the monthly deposit, r is the monthly interest rate and n is the number of deposits.
The Calcwise Recurring Deposit tool is designed to give a fast answer while keeping the arithmetic visible. Enter the requested values, check the units, and the result updates in your browser. Your calculator entries are not sent to a Calcwise server.
How to use this calculator
- Enter values using the units shown beside each field. In the interactive calculator, each field also shows a plain-language example or meaning guide.
- Check that the values describe the same period or situation where relevant.
- Read the main result and the supporting figures shown beside it.
- Use the reset button to return to the example values.
Inputs used
- Monthly deposit — Paid at the end of each month
- Interest rate — Per year
- Deposit period — Years
Recurring Deposit Calculator formula
The formula is shown so you can understand the relationship between the inputs instead of treating the result as a black box.
Worked example
Depositing ₹5,000 monthly for 5 years at 7% gives an estimated maturity value of about ₹3.58 lakh.
Your own result may differ because it uses the exact values you enter. For comparisons, keep the method and units consistent from one calculation to the next.
Important assumptions and limitations
Estimate only. It assumes every deposit is made at month-end, the rate stays fixed and interest compounds monthly. Bank RD methods can differ.
Calculator outputs are estimates unless the underlying arithmetic is exact by definition. For decisions involving tax filing, lending, health, contracts or institutional grading rules, use the calculator as a first check and confirm the final decision with the relevant authoritative source.
Frequently asked questions
What does the Recurring Deposit Calculator calculate?
D is the monthly deposit, r is the monthly interest rate and n is the number of deposits.
What formula does the Recurring Deposit Calculator use?
Maturity value = D × ((1 + r)ⁿ − 1) ÷ r
Is the Recurring Deposit Calculator result exact?
Estimate only. It assumes every deposit is made at month-end, the rate stays fixed and interest compounds monthly. Bank RD methods can differ.
How should I use the Recurring Deposit Calculator result?
Use the result as a practical estimate or planning check. Keep the inputs consistent, read the assumptions on this page, and verify important financial, academic or health decisions with the appropriate official or professional source when needed.
Pro mode: Step-up RD
Model annual deposit increases plus tax and inflation on the result.
Enable Pro mode above the input form to reveal the advanced scenario fields. The normal result stays visible, and a separate Pro analysis appears underneath so you can compare the basic answer with the deeper model.
Advanced options
- Annual deposit step-up (%)
- Tax rate on interest (%)
- Inflation (%)