Finance · Savings & Banking

Recurring Deposit Calculator

Project equal month-end deposits under a stated monthly-compounding convention.

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Understand the savings decision

What the Recurring Deposit Calculator is for

Project equal month-end deposits under a stated monthly-compounding convention.

It keeps balances, contributions, withdrawals, fees, rate conventions, crediting frequency, and time periods visible so you can compare accounts and plans without hidden product assumptions.

Calculation structure

Match every rate to its time period

Visual explanation

See what changes the savings result

Read the estimate correctly

Use the result with its assumptions

Depositing 250 at each month-end for 24 months at 4.8% nominal annual interest produces a maturity value above the 6,000 contributed.

The entered rate is a constant scenario, not a forecast. Money remains in one visitor-selected currency; tax, fees, and inflation are excluded unless explicitly entered.

Quick guide

How to use this calculator

  1. Enter the balance, rate, timing, fee, or contribution assumptions named by the fields.
  2. Use one currency and follow the stated nominal, effective, simple-interest, or compounding convention.
  3. Review the calculator-specific assumptions before comparing accounts or making a savings decision.

Calculation method

Calculation method

Maturity value = deposit × [((1 + monthly rate)^months − 1) ÷ monthly rate].

Entered fixed decimals are parsed exactly. Compound projections use stable exponential forms and preserve zero-rate cases exactly; money rounds only for display and a supported nonzero amount is not replaced by a misleading zero.

Worked example

Worked example

Depositing 250 at each month-end for 24 months at 4.8% nominal annual interest produces a maturity value above the 6,000 contributed.

Maturity value = deposit × [((1 + monthly rate)^months − 1) ÷ monthly rate].

Supported inputs

Precision and limits

Visible input limits

Amounts accept up to 30 digits and 12 decimal places and are capped at 1e12 per input. Rates are capped at 1000%. Most projections are capped at 1,200 months or 100 years; narrower whole-number limits appear in field labels.

International scope

No currency, institution, current market rate, deposit-insurance rule, tax system, regulatory disclosure, or jurisdiction-specific product term is assumed.

Decision boundary

Results are arithmetic scenarios from visitor-entered assumptions, not account quotations, forecasts, tax advice, legal determinations, deposit guarantees, or recommendations.

Calculator-specific assumptions

The entered rate is a constant scenario, not a forecast. Money remains in one visitor-selected currency; tax, fees, and inflation are excluded unless explicitly entered.