RD Calculator

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 |

RD Calculator Reverse

Monthly Deposit Required: ₹

Total Deposit Amount: ₹

Total Interest Earned: ₹

What is an RD Calculator?

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.

How does the RD Calculator work?

The RD Calculator works by using the following inputs:

- Monthly Deposit Amount: The fixed amount you deposit every month into your RD account.
- Duration: The number of years which you want to invest in the RD.
- Interest Rate: The annual interest rate offered by banks or financial institutions on the RD.

Based on these inputs, the calculator will calculate the total maturity amount and the interest earned over the duration of the RD.

What is the formula used by the RD Calculator?

The RD Calculator uses the following formula to calculate the maturity amount:

Maturity Amount = Monthly Deposit × (((1 + i)^n - 1) / i)

Where:

- i = Interest rate per month (Annual interest rate / 12 / 100)
- n = Total number of monthly installments (Duration in years × 12)

How accurate is the RD Calculator?

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.

Can I use the RD Calculator for any bank or financial institution?

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.