RD guide for ₹1,79,000 per month
This URL centres on a ₹1,79,000 monthly recurring deposit for 5 years at 7% p.a. Total deposits would be ₹1,07,40,000; with quarterly compounding on each installment the estimate is about ₹1,28,75,973 (₹21,35,973 interest).
Missed installments and TDS are not modelled here. For open-ended scenarios and comparison with SIP, use the RD calculator.
What is the RD calculator?
The recurring deposit (RD) calculator estimates how much your monthly bank deposits will grow to at maturity. Unlike an FD where you invest once, an RD requires a fixed installment every month for the chosen tenure.
RDs help build a regular savings habit with predictable returns. Interest is typically compounded quarterly, and the rate is fixed at account opening.
Saving ₹1,79,000 every month for 5 years at 7% p.a. totals ₹1,07,40,000 in deposits; estimated maturity is about ₹1,28,75,973 (₹21,35,973 interest). Try other installments on the RD calculator.
How can a RD calculator help you?
RD maturity math involves summing each monthly installment grown over its remaining tenure with quarterly compounding—a tedious calculation by hand.
- See total invested versus interest earned before starting an RD.
- Compare monthly deposit amounts and tenures for a target corpus.
- Contrast RD returns with mutual fund SIP using the SIP calculator.
How does this RD calculator work?
Each monthly deposit earns interest with quarterly compounding. For month M (1 through total months), the installment grows by (1 + r/400)^(4 × M/12). The running total is rounded to whole rupees after each deposit.
A = Σ round(… P × (1 + r/400)^(4M/12) …) for M = 1 to n
Where –
| A | Total maturity amount |
|---|---|
| P | Monthly deposit (each installment) |
| r | Annual interest rate in percent |
| M | Month index (1 to tenure in months) |
| n | Total months in the tenure |
Example: ₹5,000/month for 1 year at 8% → A ≈ ₹62,646
Worked example
Save ₹5,000 per month in an RD at 8% p.a. for 1 year. Total deposits are ₹60,000; with quarterly compounding on each installment, maturity is about ₹62,646—roughly ₹2,646 in interest.
At ₹10,000 per month for 3 years at the same rate, you invest ₹3,60,000 and the calculator returns a maturity value near ₹3,87,384.
With ₹1,79,000 per month for 5 years at 7% p.a., the defaults here imply about ₹1,28,75,973 on ₹1,07,40,000 deposited—around ₹21,35,973 in interest.
How to use this RD calculator
Enter monthly investment, rate of interest (p.a.), and time period in years. Results show invested amount, estimated returns, and total value.
For a one-time deposit, use the FD calculator.
What this calculator does not include
TDS on interest, missed-installment penalties, and mid-tenure rate changes are not modeled. All deposits are assumed equal and on time each month.
Frequently asked questions
How is RD interest calculated in India?
Banks typically compound RD interest quarterly on each installment for its remaining tenure. This calculator follows that standard method.
Is RD better than SIP?
RDs offer fixed, guaranteed returns suited to conservative savers. SIPs in mutual funds carry market risk but may deliver higher long-term returns. The right choice depends on your risk tolerance and goals.
Does this calculator deduct TDS?
No. TDS rules on RD interest vary by bank and your tax profile. Consult your bank or a tax professional for net returns after tax.
Common questions about a ₹1,79,000 monthly RD
What is the maturity of a ₹1,79,000 RD for 5 years?
At 7% p.a. with quarterly compounding on each installment, ₹1,79,000 per month for 5 years totals about ₹1,28,75,973 on ₹1,07,40,000 deposited—around ₹21,35,973 in interest.
How much will I deposit with a ₹1,79,000 RD over 5 years?
You deposit ₹1,79,000 every month for 5 years, which is ₹1,07,40,000 before interest. Adjust installment or tenure in the calculator above or on the RD calculator.
How is an ₹1,79,000 RD different from a ₹1,79,000 SIP?
An RD is a bank recurring deposit with a contracted rate; a SIP invests in mutual funds with market risk. This page models the RD; compare market-linked growth with the SIP calculator linked in the sections below.