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RD Calculator - Recurring Deposit

Equal monthly recurring-deposit model with monthly compounding. Does not reproduce bank-specific quarterly compounding, day count or taxes. At 0%, value equals contributions.

Equal monthly recurring-deposit model with monthly compounding. Does not reproduce bank-specific quarterly compounding, day count or taxes. At 0%, value equals contributions.

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Result

Enter your values and run the tool to see your result.

How to use this tool

Check the units, enter your values, and run the tool. Results follow the assumptions and method below.

Calculation method

Beginning-month maturity valuedeposit*((1+rate/1200)^months-1)/(rate/1200)*(1+rate/1200)
End-month maturity valuedeposit*((1+rate/1200)^months-1)/(rate/1200)
Total contributeddeposit*months

References