Monthly savings, quarterly compounding — see your RD maturity value.
Banks compound RD quarterly. Formula: M = R × [(1+i)^n − 1] / [1 − (1+i)^(−1/3)], i = quarterly rate.
Banks compound RD quarterly on monthly deposits. This calculator uses the standard formula M = R × [(1+i)^n − 1] / [1 − (1+i)^(−1/3)].
Banks typically pay 0.5–1% less than the contracted rate and may levy a penalty — check your bank's terms.
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