The RD Calculator is used to figure out how much money you’ll get when your RD matures. To calculate the amount, you can use the RD Calculator provided by numerous banks or a simple formula. Using the RD Calculator can help you to achieve the results quickly and with minimal effort. The interest earned on an RD account is compounded on a quarterly basis.

The interest on recurring deposits is typically compounded quarterly. Institutions use the following calculation to determine how much the interest component of a recurring deposit will be at maturity: The following is a step-by-step guide on using the online RD Calculator.

Enter the monthly deposit amount and the term of your RD investment. The rate of interest will be presented if you use the RD Calculator provided by banks. If you use a third-party website’s RD Calculator, you must specify the interest rate.