# Recurring Deposits (RD) Maturity Value Calculator

An online financial calculator to calculate the maturity value of your recurring deposit. Recurring deposit is different from a fixed deposit in the sense that in recurring deposit the deposit amount is paid in installments (monthly) for the same interest rates as applicable in fixed deposits. In the below Recurring Deposits (RD) Maturity Value calculator, select the currency and enter the values for installment amount, interest rate and period and click calculate to find the maturity value.

An online financial calculator to calculate the maturity value of your recurring deposit. Recurring deposit is different from a fixed deposit in the sense that in recurring deposit the deposit amount is paid in installments (monthly) for the same interest rates as applicable in fixed deposits. In the below Recurring Deposits (RD) Maturity Value calculator, select the currency and enter the values for installment amount, interest rate and period and click calculate to find the maturity value.

Code to add this calci to your website

#### Formula :

M = ( R x [(1 + r)^{n} - 1 ] ) / (1 - (1 + r)^{ - 1 / 3})
**Where,**
M = Maturity value
R = Monthly Installment
r = Rate of Interest (i) / 400
n = Number of Quarters

#### Example

**An individual invests a monthly installment of 1200 $ at the interest rate of 10 % for 10 quarters. His RD Maturity value is **

= (1200* ((1+10/400)^{10} - 1 ) ) / (1-(1+10/400)^{-1/3})

= 41002.533 $

This tool will help you dynamically to calculate the Recurring Deposits (RD) Maturity Value for Quarterly Compounding.