e309 Calculator / RD calculator / How much can a ₹30,000 monthly RD build in 1 year?

How much can a ₹30,000 monthly RD build in 1 year?

Based on these numbers, this RD matures to about ₹3,72,859 — ₹12,859 in interest on ₹3,60,000 deposited.

6.5% p.a.
12 months
Deposited: ₹3,60,000 (97%)Interest: ₹12,859 (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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