Recurring Deposit Calculator

Estimate the future value of regular monthly deposits with compound interest.

What This Recurring Deposit Calculator Calculates

A recurring deposit grows through repeated monthly contributions and compounding. This calculator estimates the accumulated balance using a consistent monthly contribution and rate.

Formula and Method

FV = PMT × [((1 + i)^n − 1) ÷ i], adjusted by (1 + i) for beginning-of-period deposits.

The result uses only the values entered on this page. No account or sign-in is required, and the calculator itself runs locally in your browser.

How to Use the Calculator

1. Enter the requested amount, rate, term, or cash-flow values using consistent units.
2. Check whether a percentage is annual, periodic, nominal, or effective as indicated by the field label.
3. Select Calculate and review the main result plus the supporting figures.
4. Use Copy, Share, or Save Result Image only after you have reviewed the assumptions.

Worked Example

Depositing 5,000 each month for 36 months at a 7% annual rate produces a balance greater than the total deposits because earlier contributions earn interest for longer.

Common Uses

• Plan regular savings toward a medium-term goal.
• Estimate the effect of increasing a monthly deposit.
• Compare contribution timing and interest-rate assumptions.

How to Interpret the Result

The result is an estimate based on a simplified mathematical model. Compare it with the supporting figures rather than relying on one number alone. For borrowing or savings products, actual rates, fees, payment dates, taxes, and institutional rules can change the final amount.

Important Notes and Limitations

Actual recurring-deposit products can use institution-specific compounding, installment dates, late-payment rules, or taxes. The calculator uses a consistent monthly-rate model. For important financial decisions, confirm current product terms and calculations with the relevant bank, lender, employer, accountant, or financial professional.

Frequently Asked Questions

Does the timing of each deposit matter?

Yes. Beginning-of-month deposits earn one extra month of interest compared with end-of-month deposits.

What if the interest rate changes?

This calculator assumes the entered rate remains constant.

Can I use it for ordinary monthly investing?

It can model regular contributions mathematically, but investment returns may fluctuate rather than remain fixed.