RD Calculator :


Recurring Deposit(RD) is a special type of deposit account which enables a depositor particularly in fixed income group to save by paying into the account an agreed fixed sum of money monthly over a stipulated period. The deposits in this type of account earn compound interest on quarterly basis. Longer the period for which monthly deposits are agreed to be made higher is the rate of interest subject to rules.

Recurring Deposit (RD) Calculator
Monthly Instalment Amount Rs.
Annual Interest Rate
%
Number of Quarters


Maturity Amount (Approx) Rs.
Interest Amount Rs.

 


Formula To Calculate RD Interest :
R [ (1+i)n – 1]
M = ——————–
1- (1+i) -1/3

M = Maturity value
R = Monthly installment
n = Number of quarters
i = Rate of interest/400

What is Recurring Deposit (RD) ?
Recurring Deposits are a special kind of Term Deposits offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their RD [Read More]

 

6 comments for “RD Calculator :

  1. amit verma
    December 19, 2013 at 4:12 pm

    The formula which is used in there is correct ?

  2. Kuldip Chander Sharma
    December 25, 2013 at 8:04 pm

    Thanks for such a useful software.

  3. geetali
    February 11, 2014 at 10:17 am

    please ex plane rd formula

  4. mohit
    March 19, 2014 at 12:54 pm

    Can you please explain how to derive this formula

  5. Md Zeshan
    June 26, 2014 at 7:54 am

    If one needs to calculate maturity amount when there’s already some money in RD a/c and installments are being added to the amount, plz help

  6. omprakash garg
    July 3, 2014 at 10:03 am

    1-(1+i)-1/3 is a negetive value.how can u divide r[(1+i)n-1] to get a positive result ?

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