Recurring Deposit Calculator
See what a fixed monthly deposit grows into, and how much of the maturity is interest at the rate you pick.
How a recurring deposit adds up
A recurring deposit puts the same amount away every month for a fixed term, and each deposit earns interest for the months it stays in. Because the earliest deposits compound the longest, the maturity comes to more than your deposits simply added together.
Banks often compound this kind of deposit quarterly; the tool keeps it simple with monthly compounding, so read the result as a close estimate. For a one-time deposit instead of a monthly one, try our finance calculators.
Common questions
How is this different from a term deposit?
A term deposit locks in one lump sum; a recurring deposit lets you put a set amount in every month. The recurring kind suits a regular saver, while a term deposit suits money you already have on hand.
Is the interest taxed?
Usually yes. The interest is treated as income and taxed, and some banks withhold a portion once it passes a threshold. The maturity shown here is before any tax.
Can I miss a monthly deposit?
Missing one usually brings a small penalty and dents the maturity, since that month's money never gets to compound. This calculator assumes every deposit is paid on time.
Add Recurring Deposit Calculator to your website
Embed this free Recurring Deposit Calculator on your site or blog. Just copy the code below, paste it into your page, and your visitors can use the calculator without leaving your site.
The widget is responsive and works on WordPress, Squarespace, Wix, Webflow, and any HTML page. You can adjust the width and height in the code above.