RD Calculator

Recurring Deposit (RD) Calculator

Recurring Deposit (RD) Calculator

Recurring Deposit (RD) is a trusted savings option offered by banks and post offices. You deposit a fixed amount every month and earn guaranteed interest on it. The RD calculator helps you estimate your total savings and maturity amount.

How RD Calculator Works?

Banks calculate RD using monthly compounding:

M = P × (1 + i) × ( ((1 + i)^n – 1) / i )

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

Benefits of RD

• Safe & guaranteed returns
• Perfect for disciplined monthly saving
• Ideal for short-term & mid-term goals

Who Should Use RD Calculator?

• People wanting low-risk monthly investment
• Parents planning for education funds
• Individuals creating emergency savings

Money Manzil RD Calculator gives accurate maturity values as per bank formulas.