RD Calculator
Determine your Recurring Deposit (RD) interest earnings with monthly deposits.
Estimated Maturity Value₹8,44,940
Total Invested₹6,00,000
Wealth Gain₹2,44,940
Breakdown
Invested Capital71.0%
Interest Earned29.0%
How This is Calculated (Formula Transparency)
Maturity value is calculated using the formula: M = P * [ ((1 + i)^n - 1) / (1 - (1 + i)^(-1/3)) ] where P is monthly payment, i is quarterly interest rate (r/4), and n is quarters.
Concept: Accumulated maturity through quarterly compounding formulas.
Worked Example Case Study
Scenario: Monthly RD of ₹5,000 for 2 years (24 months) at a 6.5% interest rate.
Detailed Calculation: Accumulated maturity through quarterly compounding formulas.
Result Outcome: Invested: ₹1,20,000. Interest Earned: ₹8,495. Maturity Value: ₹1,28,495.
Assumptions & Rules
- Compounded quarterly as per Indian banking rules.
- Calculations are compliant with laws and rates as of FY 2025-26 (AY 2026-27).
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