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Calculate maturity amount and interest earned on your Recurring Deposit (RD).
A Recurring Deposit (RD) allows you to save a fixed amount every month and earn interest similar to an FD. This calculator helps you find the maturity value of your monthly savings, accounting for quarterly compounding which is standard for most Indian banks.
RD interest is usually compounded quarterly. The formula is complex because each monthly installment earns interest for a different duration.
Most banks allow premature withdrawal but may charge a small penalty on the interest rate.