Recurring Deposit (RD) Calculator Investment Duration in Years

Recurring Deposit (RD) Calculator Tenure in Months

Recurring Deposit (RD) Calculator

Recurring Deposit (RD) Calculator is a financial tool used to calculate the maturity amount of a recurring deposit, which is a type of savings account that requires you to deposit a fixed amount regularly for a fixed period.

Calculator Formula:

The following formula can be used to calculate the maturity amount of a recurring deposit:

Maturity Amount = Total Deposits + Interest Earned

Where:

- Total Deposits = Principal x Number of Installments

- Interest Earned = P x R x N / (100 x (1 + R/100)^N - 1)

Where:

- P is the principal amount

- R is the quarterly interest rate (annual interest rate divided by 4)

- N is the number of periods (installments)