Skip to content
WPCalc Wise People Calculate

Special Recurring Deposit Calculator

This calculator helps you determine the maturity value of a special recurring deposit, considering the monthly deposit amount, interest rate, and term. Special recurring deposits often offer higher interest rates or different compounding schedules compared to regular recurring deposits, and this tool helps you calculate the total value upon maturity.

Calculate Maturity Value for Special Recurring Deposit

Input Fields
P
$
Enter the monthly deposit amount
r
%
Enter the annual interest rate (in %)
n
Enter the investment term in years
If enabled, the result will update automatically when you change any value.

Special Recurring Deposit Maturity Value Formula

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

This formula calculates the total value, including both principal deposits and interest accumulated over time.

A Special Recurring Deposit is a type of investment where the monthly deposits grow at a higher interest rate or under unique terms compared to a regular recurring deposit. This tool is useful for calculating the maturity value of such deposits, helping individuals understand how much their regular contributions will amount to at the end of the term, including interest. Special recurring deposits often offer better returns and are ideal for systematic savings, particularly for those looking for a fixed-income investment with higher interest rates.

Next
Debt to Assets Ratio

Leave a Reply

Your email address will not be published. Required fields are marked *