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Recurring Deposit (DPS) Calculator

Calculate the maturity amount of a monthly DPS or recurring deposit.

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Enter your values to see the result.

Results are estimates for planning only. Actual figures depend on your lender or bank, fees, rounding and the exact dates used, so confirm the numbers before you sign anything. Deposits are assumed at the start of each month with interest compounded monthly.

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Clear instructions

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How to use the Recurring Deposit (DPS) Calculator

A Deposit Pension Scheme (DPS), also known as a recurring deposit (RD), lets you save a fixed amount every month and earn interest on your growing balance. This calculator shows how much you will have at maturity, how much you deposited, the interest earned and a year-by-year savings schedule. You can also add a starting deposit.

  1. 1 Enter an optional starting deposit and your monthly deposit amount.
  2. 2 Enter the annual interest rate and the term in years or months.
  3. 3 Pick the start date and review the maturity amount and yearly schedule.

Example and practical tips

Saving 10,000 a month for 5 years at 9% (compounded monthly) builds about 759,900: 600,000 of deposits plus about 159,900 in interest.

Frequently asked questions

How is DPS interest calculated?

This calculator assumes each deposit is made at the start of the month and interest compounds monthly, the most common method. Some banks calculate differently, so check their schedule.

What happens if I miss a DPS installment?

Banks usually charge a small penalty or reduce the rate. Missing several payments can close the scheme early.

Is DPS better than a fixed deposit?

A DPS suits people who save from their monthly income. A fixed deposit suits a lump sum you already have. Many savers use both.