The future value of investment will be
Invested Amount
₹ 0
Estimated Return
₹ 0
A Recurring Deposit (RD) is an investment where customers deposit a fixed amount each month for a specific period. At the end of the term, they receive the sum of their investments and the interest they earn. The Indian Bank RD calculator is an online tool designed to estimate the interest they can earn by investing in a recurring deposit with Indian Bank.
Using the online Indian Bank RD calculator, you can input the investment amount, deposit tenure, and interest rate and get an estimate of the maturity amount and interest you will receive at the end of the investment period.
The online Indian Bank RD calculator is useful for customers who want to plan their investments and estimate the returns they can expect from a recurring deposit with Indian Bank.
An RD calculator uses a formula to calculate the interest earned on a recurring deposit over a specific tenure. The formula generally considers factors such as the monthly deposit amount, the interest rate, and the deposit duration.
Follow the three steps below to use the Angel One Indian Bank RD calculator.
Once you have entered the details above, the online Indian Bank RD calculator will display the maturity value and interest.
You can use the formula below to calculate your investments' maturity value. The Indian Bank RD Calculator formula is also the same:
M = R[(1+i)^n-1]/(1-(1+i)^(-1/3) )
Where,
M is the maturity value,
R is the amount you deposit monthly,
i is the rate of interest/400
n is the number of quarters
The online Indian Bank RD calculator on Angel One is easy to use. You just need to enter the monthly investment amount, interest rate, and the duration of the investment. In a few seconds, the Indian Bank RD calculator will generate your investment's maturity value and the interest it will accrue.
Here’s an example to demonstrate this.
Suppose Mr A opened a regular RD account with the Indian Bank for Rs. 5,000 monthly for 3 years. The applicable rate of interest is 7.25% per annum. Then by entering the required parameters in the Angel One Indian Bank RD calculator, the maturity value would be Rs. 2,01,632, while the estimated return will be Rs. 21,632.
Below are some of the key benefits of using the online Indian Bank RD calculator:
The Indian Bank RD calculator is an online tool that helps individuals calculate the total earnings from their recurring deposits with Indian Bank.
Visit the Angel One Indian Bank RD calculator page. Slide on the deposit amount you wish to invest in the recurring deposit, the tenure, and the applicable interest rate. The Angel One Indian Bank RD calculator will display the maturity value of the RD instantly.
The online Indian Bank RD calculator is free to use and poses no restrictions. Visit the Angel One website to calculate returns on your RD accurately.
The minimum amount required to start a bank RD varies across the bank and the scheme. While some banks accept a minimum deposit of as low as Rs. 50, others have a higher minimum requirement.
The interest earned on RD is calculated based on factors such as the principal, interest rate, tenure, and compounding frequency.
Yes, a premature withdrawal penalty is applicable if you exit before completing RD tenure.
Get the link to download the App
