e309 Calculator / RD calculator / What is the maturity value of a ₹5,000 monthly RD for 4 years at 7%?

What is the maturity value of a ₹5,000 monthly RD for 4 years at 7%?

Based on these numbers, this RD matures to about ₹2,77,418 — ₹37,418 in interest on ₹2,40,000 deposited.

7% p.a.
48 months
Deposited: ₹2,40,000 (87%)Interest: ₹37,418 (13%)

How this grows over time

₹0₹1.5L₹3LYr 0Yr 1Yr 2Yr 3Yr 4

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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