Recurring Deposit Maturity Value Calculator

Calculate Maturity Value for Your Recurring Deposit

Input Fields

Monthly Deposit Amount

P

$

Enter the monthly deposit amount

Annual Interest Rate

r

%

Enter the annual interest rate (in %)

Deposit Term (Years)

n

Enter the deposit term in years

CalculateReset

Calculate automaticallyIf enabled, the result will update automatically when you change any value.

Your Results

Maturity Value

Total Interest Earned

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Recurring Deposit Maturity Value Formula

$$Maturity Value = P \times \frac{(1 + r)^n – 1}{r} \times (1 + r) + D \times \left( \frac{(1 + r)^n – 1}{r} \right)$$

Where:

• Maturity Value – The total value of the recurring deposit at maturity
• P – Monthly Deposit
• r – Monthly interest rate (annual interest rate ÷ 12)
• n – Number of months in the deposit term
• D – Total deposit amount (monthly deposit × number of months)

This formula calculates the maturity value by factoring in both the regular monthly deposits and the interest accumulated over time.

A recurring deposit (RD) is an investment option where you make fixed monthly deposits over a specific period at a predetermined interest rate. This calculator helps you determine the total value of your RD at maturity, considering both the monthly contributions and the interest accrued over the deposit period. It’s useful for those looking to invest small amounts regularly and earn compound interest.