DPS Calculator
Work out your recurring deposit (DPS) maturity value and interest earned — instantly, for any monthly installment, rate, and tenure.
How DPS maturity value is calculated
Because each installment is deposited at a different time, this calculator uses the recurring-deposit annuity formula: Maturity = P × [((1 + i)^n − 1) / i] × (1 + i), where P is your monthly installment, i is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of installments.
Total deposited is simply your installment × number of months. The gap between that and the maturity value is the interest your DPS has earned.
Never miss a DPS installment again.
Add your DPS to Finox once — installment amount, rate, and tenure. It tracks your contribution progress and estimated maturity value automatically, and reminds you before each installment is due.
Track your DPS in Finox →Free 14-day trial · No credit card required
Frequently asked questions
A DPS is a recurring deposit scheme — you deposit a fixed amount every month for a set tenure, and the bank pays it back with interest at maturity. It's built for disciplined, small, regular savings rather than one large lump sum.
Each monthly installment earns interest for a different length of time — the first installment earns interest for the whole tenure, the last for almost none. Banks compound this using an annuity formula, which is what this calculator uses to estimate your total maturity value.
This calculator uses the standard recurring-deposit annuity formula and gives a close estimate. Individual banks may round differently or use slightly different compounding conventions, so treat this as an estimate and confirm the exact figure with your bank.
Policies vary by bank, but most charge a small penalty fee for a missed or late installment, and some may reduce the effective interest rate. This calculator assumes every installment is paid on schedule.
Yes — add your DPS to Finox once (installment amount, rate, tenure) and it tracks your contribution progress and estimated maturity value automatically, and reminds you before each installment is due.
Have a lump sum instead? Try the FDR calculator →