e309 Calculator / RD calculator / How much does a ₹15,000 monthly RD grow to in 2 years?

How much does a ₹15,000 monthly RD grow to in 2 years?

A ₹15,000 monthly RD at 7% for 2 years matures to about ₹3,87,297 — ₹27,297 in interest on ₹3,60,000 deposited.

7% p.a.
24 months
Deposited: ₹3,60,000 (93%)Interest: ₹27,297 (7%)

How this grows over time

₹0₹2L₹4LYr 0Yr 1Yr 1Yr 2Yr 2

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

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