Is a ₹500 monthly RD worth it over 5 years?
Based on these numbers, this RD matures to about ₹35,495 — ₹5,495 in interest on ₹30,000 deposited.
How this grows over time
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.