Total Interest Earned: ₹
Deposited Amount: ₹
Total Maturity Amount: ₹
Month | Monthly Deposit | Total Value |
---|---|---|
1 | 5,000.00 | 5,034.14 |
2 | 5,000.00 | 5,068.52 |
3 | 5,000.00 | 5,103.13 |
4 | 5,000.00 | 5,137.97 |
5 | 5,000.00 | 5,173.05 |
6 | 5,000.00 | 5,208.38 |
7 | 5,000.00 | 5,243.94 |
8 | 5,000.00 | 5,279.75 |
9 | 5,000.00 | 5,315.80 |
10 | 5,000.00 | 5,352.10 |
11 | 5,000.00 | 5,388.64 |
12 | 5,000.00 | 5,425.44 |
Monthly Deposit Required: ₹
Total Deposit Amount: ₹
Total Interest Earned: ₹
The RD Calculator is an online tool that can help you calculate the maturity amount and interest earned on your Recurring Deposit (RD) investment. It takes into account factors such as monthly deposit amount, interest rate, and duration of the RD.
The RD Calculator works by using the following inputs:
Based on these inputs, the calculator will calculate the total maturity amount and the interest earned over the duration of the RD.
The RD Calculator uses the following formula to calculate the maturity amount:
Maturity Amount = Monthly Deposit × (((1 + i)^n - 1) / i)
Where:
The RD Calculator provides an accurate estimate of the maturity amount and interest earned based on the inputs provided. It should be noted that the actual maturity amount may be diffrent, based on the specific terms and conditions of your RD account and any changes in interest rates over the investment period.
Yes, you can use the RD Calculator for any bank or financial institution. The calculator uses standard formulas to calculate the maturity amount and interest earned. However, it's always better to confirm the specific interest rates and terms offered by your chosen bank or financial institution before making an investment decision.