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Recurring Deposit Maturity Calculator

Work out recurring deposit maturity instantly with clear inputs, formula shown and shareable results.

About Recurring Deposit Maturity Calculator

A recurring deposit credits interest quarterly, and each instalment earns for a different length of time. The effective yield on money deposited is well below the headline rate because the average balance is only about half the total deposited.

Formula

RD maturity

M = Σ d(1 + i/4)^((n-k+1)/3) for each instalment k

d
Monthly deposit
i
Annual rate

Worked example

With the default values below, Recurring Deposit Maturity Calculator returns Maturity Amount of $719,327.91. Change any input above and every figure here is recalculated in your browser.

Inputs used

Monthly Depositminimum 0
10,000
Annual Interest Rateaccepts 0–100 %
7 %
Number Of Monthsaccepts 3–120
60

Results

Maturity Amount
$719,327.91
Total Deposited
$600,000.00
Interest Earned
$119,327.91
Effective Yield On Deposits
3.694%

Step by step

  1. 1Values used
  2. 2RD maturity
  3. 3Maturity Amount= 719,327.91
  4. 4Total Deposited= 600,000.00
  5. 5Interest Earned= 119,327.91
  6. 6Effective Yield On Deposits= 3.694

Assumptions and limits

  • The result is derived only from the 3 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation, tax or fees or charges into account.
  • Figures are rounded for display to 3 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • Figures are estimates for planning only. Market returns are not guaranteed, and rates, limits and tax rules change. This is not financial or tax advice — speak to a qualified adviser before acting.
  • This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Figures are estimates for planning only. Market returns are not guaranteed, and rates, limits and tax rules change. This is not financial or tax advice — speak to a qualified adviser before acting.

Frequently Asked Questions

Why is the yield lower than the quoted rate?

The quoted rate applies to each deposit only from the day it is made, and the last deposit earns almost nothing.

Is premature closure penalised?

Usually, with a rate reduction of about 1 point, so match the term to when you need the money.

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