RD CALCULATOR

RD Calculator - Free online calculator to calculate maturity value and interest earned on recurring deposits... Recurring deposit (RD) is a savings plan offered by banks and post offices in India, wherein you deposit a certain amount every month for a fixed tenure, usually six months and longer. Interests on recurring deposits are compounded quarterly and paid on maturity. Interest rates differ from bank to bank and may vary over time. See the latest interest rates on RDs offered by SBI, HDFC, ICICI and post office... Following is the for calculating maturity value of recurring deposits given by Indian Banks' Association, which is a simplification of the formula for calculating future value of annuity with monthly payments and quarterly compounding:-