How to use
Enter your monthly installment, annual interest rate and tenure. The simulation adds each month's deposit and applies compound interest using your selected frequency — matching how Indian bank RDs typically work.
Note
Banks may apply slightly different conventions for partial months or premature closure. Treat results as a close estimate.
Frequently asked questions
Deposit date assumption?
Each instalment is added at month start, matching typical RD conventions closely.
Missed instalments?
This projection assumes every month paid; penalties are not modelled.
Quarterly compounding why?
Indian banks traditionally quote RD rates with quarterly rests, hence the default.