e309 Calculator / RD calculator / What is the maturity value of a ₹2,000 monthly RD for 3 years at 7%?

What is the maturity value of a ₹2,000 monthly RD for 3 years at 7%?

A ₹2,000 monthly RD at 7% for 3 years matures to about ₹80,275 — ₹8,275 in interest on ₹72,000 deposited.

7% p.a.
36 months
Deposited: ₹72,000 (90%)Interest: ₹8,275 (10%)

How this grows over time

₹0₹45K₹90KYr 0Yr 1Yr 2Yr 2Yr 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

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