RD Calculator
Calculate compound interest and maturity amounts on bank recurring deposits.
Grow Your Business Online
In Indian banks, recurring deposits compound interest quarterly. This means the interest is calculated every three months and added to the principal balance, yielding slightly higher returns than simple annual interest plans.
₹3,57,771
Based on 60 months tenure
₹3,00,000
₹57,771
Grow Your Business Online
Annual Balance Growth Breakdown
| Year | Deposited Principal | Accumulated Interest | Closing Balance |
|---|---|---|---|
| Year 1 | ₹60,000 | +₹2,244 | ₹62,244 |
| Year 2 | ₹1,20,000 | +₹8,829 | ₹1,28,829 |
| Year 3 | ₹1,80,000 | +₹20,059 | ₹2,00,059 |
| Year 4 | ₹2,40,000 | +₹36,257 | ₹2,76,257 |
| Year 5 | ₹3,00,000 | +₹57,771 | ₹3,57,771 |
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