e309 Calculator / RD calculator / How much does a ₹20,000 monthly RD grow to in 3 years at 7%?

How much does a ₹20,000 monthly RD grow to in 3 years at 7%?

Based on these numbers, this RD matures to about ₹8,02,746 — ₹82,746 in interest on ₹7,20,000 deposited.

7% p.a.
36 months
Deposited: ₹7,20,000 (90%)Interest: ₹82,746 (10%)

How this grows over time

₹0₹4.5L₹9LYr 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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