RD Calculator: ₹2,000 a Month for 5 Years
The short answer
A recurring deposit of ₹2,000 a month for 5 years at 7 percent a year, compounded every quarter, puts in ₹1,20,000 and matures at about ₹1,43,866. The interest is ₹23,866. Check the rate your bank gives for the period you choose.
Maturity amount
₹1,43,866
5 years 0 months
You deposit
₹1,20,000
Interest earned
₹23,866
You receive
₹1,43,866
Worked out as: each monthly deposit earns interest, added every quarter, for the months it stays in the account. Banks may round differently, and tax on the interest is not included.
Everything runs in your browser. What you type is not sent anywhere.
How to: RD Calculator: ₹2,000 a Month for 5 Years
- 1Choose the RD option.
- 2Type the monthly deposit and the interest rate.
- 3Type the period in months, for example 60.
- 4Read what you deposit, the maturity value and the interest.
At a glance
- You deposit
- ₹1,20,000
- Matures at (7%)
- ₹1,43,866
- Interest
- ₹23,866
Frequently asked questions
What happens if I miss a month's deposit?
Banks usually charge a small penalty for a late instalment, and many close the account after several missed ones. Ask your bank for its rule.
Is an RD better than a SIP?
An RD has a known rate and low risk, while a SIP follows the market and can go up or down. Neither is better in every case, and it depends on your goal and time.
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