M = P × [ (1 + r)^n − 1 ] / [ 1 − (1 + r)^(-1/3) ] (Quarterly Compounding formula for RD)
M = Maturity, P = Monthly Installment, r = Quarterly interest rate, n = Number of quarters
Example: ₹10,000/month for 5 years at 7.0% p.a. ≈ ₹7,19,455.
How to use
Enter your fixed monthly recurring deposit amount.
Fill in the annual interest rate offered by your bank.
Select the investment period in years.
Check the maturity value and total interest earned.
Benefits
Encourages disciplined monthly savings habits.
Risk-free fixed returns with guaranteed interest rates.
Ideal for short-term financial goals like travel or buying gadgets.