Calculators
RD Calculator
Calculate recurring deposit maturity amount and interest from monthly installments, rate, and tenure — with quarterly compounding or simple interest.
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What is the RD Calculator?
RD Calculator is a free online tool that calculate recurring deposit maturity amount and interest from monthly installments, rate, and tenure — with quarterly.
An RD (recurring deposit) calculator estimates how monthly bank deposits can grow at a stated annual interest rate over a fixed tenure. It shows total deposited, interest earned, and projected maturity value.
Choose quarterly compounding (common for bank RDs) or simple interest. Enter monthly installment, rate, and tenure in years and months. All math runs in your browser on Mytulify — useful for planning, not a substitute for your bank’s official quote.
How to use the RD calculator
- Enter your monthly deposit amount and the annual interest rate offered by your bank.
- Set the tenure in years and optional extra months (0–11).
- Choose quarterly compounding (typical for bank RDs) or simple interest.
- Read maturity amount, interest earned, and total deposited.
The RD Calculator is built for speed and privacy: calculate recurring deposit maturity amount and interest from monthly installments, rate, and tenure — with quarterly compounding or simple interest. Typical use cases include everyday personal tasks, student assignments, freelance deliverables, and quick checks at work when you cannot install desktop software. Because files and text often stay in your browser, it is a practical choice on shared or locked-down computers.
Benefits of using this free browser tool include zero install, instant results, unlimited use on the Free plan, and compatibility with phones, tablets, and laptops. Bookmark this page to return anytime, and pair it with related tools in the same category when your workflow needs multiple steps.
Key facts about the RD Calculator
| Fact | Detail |
|---|---|
| Tool | RD Calculator |
| Price | Free to use on Mytulify |
| Signup required | No |
| Processing | In your browser (client-side) |
| Daily limit (Free) | Unlimited |
Frequently asked questions
What is an RD calculator?
An RD calculator projects the maturity value of a recurring deposit from monthly installments, an annual interest rate, and tenure. It helps you compare bank RD offers before you lock in a plan.
How is RD maturity calculated?
For quarterly compounding, banks commonly use M = P × [((1+i)^n − 1) / (1 − (1+i)^(-1/3))], where P is the monthly deposit, i is the quarterly rate (annual % ÷ 400), and n is the number of quarters. Simple interest uses Interest = P × n(n+1)/2 × r/(12×100).
Why must tenure be a multiple of 3 months for quarterly mode?
The standard closed-form RD formula counts whole quarters. If your tenure is not a multiple of 3 months, adjust the tenure or switch to simple interest for a rough estimate.
Is this RD calculator free?
Yes. Unlimited use in your browser on Mytulify — no signup and no data uploaded to a server.
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