What is a RD Calculator?
This uses a common RD approximation: M = P×n + P×n×(n+1)/2 × r/12.
How is it calculated?
Enter monthly deposit, annual rate and tenure in months.
Formula used
M = P×n + P×n×(n+1)/2 × r/12
Worked example
₹5,000 a month at 7% for 60 months grows by the formula interest component.
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Frequently asked questions
How is RD different from SIP?
RD is a bank deposit at a fixed rate. SIP is market-linked.
Grow Money Calculator provides general financial calculation tools for educational and planning purposes. Results are estimates based on the information you enter and may differ from actual lender, bank or investment-product calculations. This is not a loan offer or investment advice. Read the full disclaimer.