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DepositCalc
Monthly deposits compounded quarterly — see your maturity value and total interest earned.
Unlike an FD which requires a lump sum, an RD lets you invest a fixed amount every month — making it easier to build savings gradually, especially for salaried individuals who can set up auto-debit.
Your first month's deposit earns interest for the entire tenure, while the last month's deposit earns almost none — the effective yield on total deposits is lower than the quoted rate because later deposits have less time to compound.
Estimate monthly payments with taxes, insurance, and amortization.
OpenProperty price, down payment, tenure — EMI, processing fee, and stamp duty & registration.
OpenCompare loan terms and see total interest paid.
OpenProject growth from deposits and compounding interest.
OpenMaturity value
354,954.1
Interest is compounded quarterly, as is standard for Indian bank RDs.
What you entered
Quarterly interest rate
r = 6.5% ÷ 4= 1.6250%Total monthly deposits
n = 5 × 12= 60 monthsTotal amount deposited
$5,000.00 × 60= $300,000.00Maturity value (each deposit compounded for remaining quarters)
Σ P × (1 + r)^(remaining_quarters)= $354,954.10Interest earned
$354,954.10 − $300,000.00= $54,954.10Result
Maturity value: 354,954.1
Depositing $5,000/month at 6.5% for 5 years matures to $354,954, earning $54,954 in interest.