Recurring deposit calculator
Save the same amount every month. See what it adds up to at the end.
How to use it
- Type how much you will save each month.
- Type the bank's yearly rate.
- Type how many years you will keep going.
What an RD is
A recurring deposit is a bank account where you save a fixed amount every month for a set time. Each deposit earns interest for the months it stays in.
How it is worked out
This calculator adds interest every three months, as most banks do. Your first deposit earns the most, your last one the least.
FormulaEach deposit x (1 + Rate / 4)^(Months left / 3), added up
Learn more
What is WACC in NEPSE?Questions
How is RD interest calculated?
Each monthly deposit earns interest from the day it goes in until maturity, usually added every three months. The calculator adds them all up.
RD or SIP?
An RD gives a fixed bank rate. A SIP in stocks or mutual funds can earn more over time but goes up and down.
Is tax charged on RD interest?
Yes. Banks take tax on interest before paying it to you.
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