Recurring deposits maturity value calculator

What is mean by Recurring Deposits?
Recurring deposit is known as a special kind of deposits which is offered by banks in India.
What is the use of Recurring Deposits?
This deposits is offered to many people in India who have their normal income are allowed to pay some fixed amount for every month in their recurring deposit and allows to earn interest for that particular amount.
How to calculate Recurring Deposits?
Use this simple equation M = ( R * [(1+r)n - 1 ] ) / (1-(1+r)-1/3) to calculate your maturity value. Online Recurring Deposits Maturity Value Calculator let you to get your exact maturity for your deposits.