e309 Calculator / RD calculator / What is the maturity value of a ₹1,000 monthly RD for just 1 year?

What is the maturity value of a ₹1,000 monthly RD for just 1 year?

A ₹1,000 monthly RD at 6.5% for 1 year matures to about ₹12,429 — ₹429 in interest on ₹12,000 deposited.

6.5% p.a.
12 months
Deposited: ₹12,000 (97%)Interest: ₹429 (3%)

What is an RD calculator?

An RD (Recurring Deposit) calculator estimates the maturity value of monthly deposits, using the quarterly-compounding formula that Indian banks apply to RD accounts.

Compounding frequency varies by bank

RD interest is generally compounded quarterly, matching most banks’ convention — but this does vary, so check your RD’s terms and adjust the compounding frequency here if your bank compounds differently.

More about rd calculator

Open the full rd calculator What is the maturity value of a ₹2,000 monthly RD for 3 years at 7%? How much does a ₹10,000 monthly RD grow to in 5 years at 7%? How much does a ₹15,000 monthly RD grow to in 2 years? What will a ₹3,000 monthly RD be worth after 10 years? What is the maturity value of a ₹5,000 monthly RD for 4 years at 7%? How much does a ₹20,000 monthly RD grow to in 3 years at 7%? Is a ₹500 monthly RD worth it over 5 years? What will a ₹25,000 monthly RD be worth after 2 years at 7%? How much does a ₹1,500 monthly RD grow to in 3 years? What is the maturity value of a ₹7,500 monthly RD for 5 years at 7%? What if I start a ₹4,000 monthly RD for a 4-year goal? How much can a ₹12,000 monthly RD build in 2 years? What will a ₹800 monthly RD be worth in 3 years? Is a ₹6,000 monthly RD good for a 1-year short-term goal? What does a ₹18,000 monthly RD grow to in 4 years? How much does a ₹2,500 monthly RD build in 5 years? What is the maturity value of a ₹9,000 monthly RD for 2 years? What will a ₹1,200 monthly RD be worth after 4 years? How much can a ₹30,000 monthly RD build in 1 year? What if my bank compounds RD interest monthly instead of quarterly? How does half-yearly RD compounding compare to quarterly?