An estimate only — starting values are filled in, change them to yours. Nothing you type leaves this page.
What it is
A recurring deposit takes a fixed amount every month for a set time and pays it all back with interest at the end. It suits regular savers.
How it's worked out
Each month's deposit earns interest, compounded quarterly, for the months left until maturity. The maturity is the sum of all of them.
What each input means
- Monthly Installment: How much you put in every month.
- Interest Rate (p.a.): The yearly interest % — use today's rate from the bank or post office.
- Tenure: How many months the deposit runs.
Good to know
Interest is taxed at your slab, like an FD. Missing an instalment can bring a small penalty.
A quick example
₹5,000 a month for 5 years at 7%: ₹3 lakh deposited becomes about ₹3.6 lakh.
This calculator is in the Lekhya app too — offline, no account, and pre-filled from what you track, like your PPF, EPF and NPS. Nothing leaves your phone.
Get LekhyaRelated calculators
- EMI CalculatorYour monthly loan payment and how much goes to interest
- FD CalculatorWhat your fixed deposit pays at maturity
- Bond Yield CalculatorCoupon income and value at maturity
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