Last updated October 5, 2026 · Report an error
A recurring deposit lets you build savings through fixed monthly contributions rather than a single lump sum — but figuring out exactly how much it grows to by maturity involves compounding math that's easy to get wrong by hand.
This calculator finds the maturity value of a recurring deposit from your monthly deposit amount, interest rate, and tenure, with a full step-by-step solution.
How it works
Enter your planned monthly deposit, the annual interest rate, and the tenure in months. The calculator treats each deposit as happening at the start of its month and compounding monthly, then applies the future-value-of-annuity formula to find the maturity value.
- Enter monthly deposit ($).
- Enter annual interest rate (%).
- Enter tenure (months).
- Click Calculate to see your results.
Examples
$200/month for 2 years at 6.5%
Depositing $200 every month for 24 months at a 6.5% annual rate grows to a maturity value of about $5,138.91 — $4,800 from deposits and about $338.91 in interest.
Who should use it
- Projecting the maturity value of a planned recurring deposit before opening one.
- Comparing how different monthly deposit amounts or tenures affect the maturity value.
Industry applications
- Personal savings and banking
- Financial planning and goal-based savings
Advantages
- Models monthly deposits compounding realistically using the standard annuity-due formula.
- Includes a complete, formula-based step-by-step solution.
Limitations
- May differ slightly from a specific bank's exact RD formula if it uses quarterly compounding.
Common mistakes to avoid
- Entering the monthly interest rate instead of the annual rate — this calculator expects the annual rate and converts it internally.
- Forgetting that a recurring deposit's interest is significantly less than a lump-sum deposit of the same total amount, since most of the money hasn't been invested for the full term.
Best practices
- Use the exact interest rate and tenure quoted by your bank or financial institution for the most accurate projection.
Tips
- A longer tenure at the same monthly deposit amount disproportionately increases the interest earned, since more of the money compounds for longer — consider extending the tenure if your savings goal allows it.