RD Calculator
Standardized for Indian Banking Quarterly Compounding (n=4)
₹
%
Maturity Amount
₹1,28,450
Invested
₹1,20,000
Interest
₹8,450
Year-wise Growth Table
| Year | Investment | Interest Earned | Balance |
|---|
How RD Calculation Works in India
Unlike simple savings, a Recurring Deposit (RD) in India follows Quarterly Compounding. Even though you deposit monthly, the interest is calculated every quarter. Most banks like SBI, HDFC, and ICICI follow this standard.
M = P*n + P*[(1+r/400)^(4n)-1] / [1-(1+r/400)^(-1/3)]
This formula ensures your monthly contributions earn interest that is reinvested four times a year, maximizing your wealth through the power of compounding.
Why use PIXBee RD Tool?
- 100% accurate as per RBI guidelines.
- Supports senior citizen extra yield.
- Provides month-wise and year-wise projections.