RD Calculator

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RD Calculator can be used to determine the amount you will receive once your Recurring Deposit matures.

You can use the RD Calculators offered by different banks or a simple recurring deposit formula.However, the rd calculator we provide is almost universal.

The interest on recurring deposits is usually compounded quarterly.

Banks use the following formula to calculate the interest component on RD plan:

M = R[(1+i)^n - 1] / i - (1+i)^(-1/3)

M = Maturity value of the RD

R = Monthly installment credited to the RD

n = Number of quarters (in the total tenure)

i = Rate of Interest / 400

- It provides accurate estimations
- Saves time and be convenient to use
- It can Help you to plan your finances in the long run
- Easy to use - enter monthly deposit, tenure, interest rate (pre-filled for bank calculators), and then click calculate.

The Recurring Deposit requires fixed monthly deposits, unlike the lump-sum amounts in Fixed Deposits.

Yes, a penalty will be charged if the monthly RD deposit is delayed. The amount of the penalty varies depending on the banks and the length of the deposit delay.

Result Table

Month | Monthly Deposit | Total Value |
---|---|---|

1 | 10,000.00 | 10,068.28 |

2 | 10,000.00 | 10,137.03 |

3 | 10,000.00 | 10,206.25 |

4 | 10,000.00 | 10,275.94 |

5 | 10,000.00 | 10,346.11 |

6 | 10,000.00 | 10,416.75 |

7 | 10,000.00 | 10,487.88 |

8 | 10,000.00 | 10,559.50 |

9 | 10,000.00 | 10,631.60 |

10 | 10,000.00 | 10,704.19 |

11 | 10,000.00 | 10,777.29 |

12 | 10,000.00 | 10,850.88 |

RD Calculator Reverse

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