Recurring Deposit Calculator
🧮 Calculation Formula
Maturity Amount = P × [(1 + r/n)^(n×t) - 1] ÷ [1 - (1 + r/n)^(-1/n)] where: P = Monthly Deposit r = Annual Interest Rate (decimal) n = Number of times interest is compounded per year (monthly = 12) t = Time in years
💡 This assumes monthly deposits with interest compounded quarterly or monthly, depending on the bank.
⚠️ Note: These calculations are for informational purposes only. Actual interest rates, compounding frequency, and maturity amounts may vary between different banks and deposit schemes. Please check with your bank for accurate and updated details.