Calculate the maturity value of a monthly recurring deposit.
Each monthly installment earns interest for a different number of remaining months, so the total uses the future-value-of-annuity formula: M = R × [((1+i)^n − 1) / i] × (1+i), where R is the monthly deposit, i is the monthly rate of interest, and n is the number of months.
Each monthly deposit compounds for a different number of remaining months, so the total is a future-value-of-annuity calculation: M = R × [((1+i)^n − 1) / i] × (1+i), where R is the monthly deposit, i is the monthly rate, and n is the number of months.
This calculator shows gross interest before tax. Interest earned on a recurring deposit is generally taxable as income, and banks may deduct TDS above a threshold.
Both involve fixed periodic contributions, but an RD earns a fixed bank interest rate with guaranteed returns, while a SIP invests in mutual funds whose returns fluctuate with the market.
Enter values in the units shown and treat the result as an estimate. Rates, rounding rules, taxes, fees, eligibility criteria, and provider terms can change the real outcome. Recheck important figures against the source document or a qualified professional before making a payment, filing, or financial decision.