Recurring Deposit Calculator
Maturity value of a recurring deposit scheme.
Calculate maturity value of a recurring deposit (RD) with monthly deposits at a fixed interest rate over the chosen term.
What this tool does
Recurring deposit (RD) maturity value compounds monthly deposits at the annual rate across the term. Given monthly deposit, annual interest rate, and term in months, this calculator returns the maturity value plus the interest earned across the deposit period. The result represents your total balance at maturity—the sum of all deposits plus accumulated interest. Monthly deposit amount and term length have the most direct impact on final value; interest rate determines how much your deposits grow over time. A typical use case is planning savings accumulation over a fixed period with regular monthly contributions. The calculation assumes consistent monthly deposits and a fixed annual rate held throughout the term, and does not account for tax, inflation, or withdrawals before maturity. Results are for illustration purposes.
Quick answer: with the default values, the result is $19,766.39 (Maturity Value). Adjust the values below for your own figures.
Enter Values
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Formula Used
Disclaimer
Results are estimates for educational purposes only. They do not constitute financial advice. Consult a qualified professional before making financial decisions.
Recurring deposits are fixed-rate monthly savings products popular in Asia. 500/month at 6% for 36 months matures at about 19,766 — interest of roughly 1,766. Not a growth vehicle — just a disciplined way to save a lump sum from regular contributions at a known rate. Useful when target date and amount are specific.
Quick example
With monthly deposit of 500 and annual interest rate of 6% (plus term of 36), the result is 19,766.39.
Which inputs matter most
You enter Monthly Deposit, Annual Interest Rate, and Term (Months).
What's happening under the hood
Future value of ordinary annuity. Monthly deposits compound at monthly rate.
Turning the result into a plan
A projection is just a starting point. The real work is setting the monthly amount aside automatically so the saving happens before you can spend it. Most people who hit savings goals set up a standing order on payday; most who miss them rely on willpower at month-end.
Where to go next
This calculation rarely sits alone in a planning exercise. If you're running these numbers, related tools include the fixed deposit maturity calculator, the compound interest calculator, and the fixed deposit rollover calculator — each one answers a different question in the same territory.
Why the maturity exceeds the deposits
A recurring deposit compounds each instalment for the months remaining after it is paid, which is why the total exceeds the sum of deposits by more than a single interest calculation suggests. At the defaults, 500 a month for 36 months deposits 18,000 and matures near 19,766, with the roughly 1,766 difference being interest earned across the staggered instalments.
What the formula assumes
The formula treats every deposit as arriving on schedule and the rate as fixed for the term, which matches how most fixed-term recurring products are written. Two things sit outside it: tax on the interest, which varies by jurisdiction and can take a meaningful share, and any penalty for missing an instalment or closing early. Where a product compounds quarterly rather than monthly, the maturity figure will be slightly lower than shown.
A recurring deposit of £500 over 36 months at 6% annual interest yields a maturity value of $19,766.39.
Inputs
| Total Deposited | $18,000.00 |
|---|---|
| Interest Earned | $1,766.39 |
| Monthly Deposit | $500.00 |
| Term | 36 months |
This example uses typical values for illustration. Adjust the inputs above to match a specific situation and see how the result changes.
Sources & Methodology
Methodology
The calculator computes the maturity value of a recurring deposit using the ordinary annuity formula. It converts the annual interest rate to a monthly rate by dividing by 12, then applies this rate across the full term in months. Each monthly deposit is treated as occurring at the end of each period and earns compound interest for the remaining months. The formula sums the future value of all deposits by calculating the growth factor (1 + monthly rate) raised to the number of periods, minus one, divided by the monthly rate, then multiplied by the monthly deposit amount. The model assumes a constant interest rate throughout the term, regular deposits made on schedule, and no fees or withdrawals. It does not account for changes in interest rates, irregular deposits, early withdrawals, or tax treatment of interest earned.
References
Frequently Asked Questions
Fixed rate guarantee?
Early withdrawal?
RD vs SIP in index fund?
Tax treatment?
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