Investment
Recurring Deposit (RD) Calculator
Verified Indian financial mathematics, statutory regulations, and step-by-step actionable breakdowns.
SIP (Systematic Investment Plan)
Monthly compounding in Equity & Hybrid Mutual Funds
Monthly Investment Amount₹10,000
Expected Annual Returns (CAGR)12.0%
Time Horizon15 Years
Invested Amount
₹18,00,000
Wealth Gained
₹32,45,760
Total Corpus
₹50,45,760
Mathematical Formula & Calculation Engine
Computes compound interest on each monthly deposit based on the exact number of quarters it remains in the bank.
M = P × [(1 + i)^n - 1] / [1 - (1 + i)^(-1/3)]
Why Use the Bank RD?
Enforces monthly savings habit
Interest rate locked for the entire tenure at account opening
DICGC insured up to ₹5 Lakhs
Bank RD FAQs
Yes, premature withdrawal is allowed by banks, subject to a nominal penalty (usually 0.5% to 1%) on the applicable interest rate.
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