See the latest interest rates on RDs offered by SBI, HDFC, ICICI and post office. RD Calculation Formula. Here is the formula for calculating maturity value recurring deposit given by Indian Banks' Association, which is a simplification of the formula for future value of annuity with monthly payments and quarterly compounding:-A = P . You can, now, within a few minutes calculate how much money you will receive at maturity for a given recurring deposit. Suppose you do a Recurring Deposit of Rs.500 for 36 months @8.75%. Then, the excel formula to calculate the amount receivable on maturity is as under: = FV(Rate,Nper,Pmt,Pv,Type) where FV stands for Future Value To calculate your Recurring Deposit maturity amount, turn to our custom-made RD maturity calculator. It is a simple form where you can enter your details and auto-generate your maturity amount. How is Recurring Deposit interest calculated? Recurring Deposit is calculated using the compound interest formula. Tenure is basically the duration for which the money is invested in a recurring deposit. Interest depends on various factors and this is one of those. RD interest rate varies across all the tenure options. Age of the Applicant. Banks and other financial institutions provide higher rate of interest to senior citizens. I am able to use this formula to calculate Rate of Interest for fixed deposit but not sure how to use it for Recurring deposit Formula used for fixed deposit is =RATE(F5*4,,-F3,F4)*4 where F5 = Investment Period(Years) F3 = Investment Value F4 = Maturity value Can you please suggest me with an example for Recurring Deposit Calculate Future Value with Recurring Deposits. Ask Question how recurring deposit work. really very appreciable job. can u give me the formula of calculating rate of interest of recurring deposit. please give me the formula. i want to know how to calculate interest rate of recurring deposit. – user26631 Mar 25 '15 at 5:47. Recurring Deposit Calculator - Use this RD calculator to calculate recurring deposit maturity & interest rate of PSU banks and private bank in India. Get the exact amount of returns likely to be made from investing in RDs through calculator at Coverfox.
To calculate your Recurring Deposit maturity amount, turn to our custom-made RD maturity calculator. It is a simple form where you can enter your details and auto-generate your maturity amount. How is Recurring Deposit interest calculated? Recurring Deposit is calculated using the compound interest formula.
RD Calculator: Find out how much do you earn through a Recurring Deposit by using Goodreturns recurring deposit calculator. Check RD interest rate of all banks by maturity period, deposit amount & recurring RD Calculator Formula. Put it to work in a high interest rate fixed deposit or a recurring deposit instead. You can now calculate the maturity amount & Interest on your deposits across Open Recurring Deposits account online with Standard Chartered & save VIEW MORE INTEREST RATES AND INTEREST CALCULATION METHODOLOGY. Note: The variable RD calculator gives the total post-tax interest. There was an issue with interest calculation for each FY when the monthly payments become To calculate the RD, here I have attached the actual formula. enter image < label>Rate of interest
Using the following values: p = initial value = 2500 n = compounding periods per year = 12 r = nominal interest rate, compounded n times per year = 4% = 0.04 i
To calculate your RD interest, you just need to fill-in the installment amount that you can invest every month, the interest rate and the period/tenure of the RD.