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PNB RD Calculator

Monthly Investment

Interest rate






1 Yr

30 Yrs

The future value of investment will be

Invested Amount


Estimated Return


What Is the PNB RD Calculator?

Recurring Deposits (RD) are among the safest and most preferred investment forms. They are fixed-income investments that come with assured returns and low risk. However, you must determine the maturity amount and the interest income before starting a recurring deposit. The PNB RD calculator will help you ascertain the returns on your recurring deposit with Punjab National Bank (PNB).

With the Angel One online PNB RD calculator, you can easily calculate the maturity amount and the interest income by entering variables like interest rate, monthly investment amount and tenure. You can also use this tool to make informed financial decisions.

How Does the PNB RD Calculator Work?

An RD calculator is quick and easy to use. You just need to enter the RD instalment for each month, the interest rate, and the investment tenure to calculate the maturity amount and interest earned.

Calculating the RD returns manually can be a time-consuming process and is also prone to errors. The Angel One PNB RD calculator eliminates the possibility of human biases and errors and provides near-accurate estimates of the maturity amount and interest.

What Is the RD Formula?

The RD formula uses values of 4 variables: the principal or the monthly RD investment, the interest rate, and the deposit's tenure. Here’s the PNB RD calculator formula:

M = R[(1+i)^n-1]/(1-(1+i)^(-1/3) )


M is the maturity amount,

P is the instalment you pay every month towards the RD,

i is the rate of interest divided by 4,

n is the Number of quarters

How To Use the PNB RD Calculator Online?

Using the PNB RD calculator on Angel One is quite simple. You need to follow the steps below to use the online PNB RD calculator –

Step 1: Visit the Angel One website and navigate to the PNB RD calculatorpage.

Step 2: Enter the monthly investment for your recurring deposit 

Step 3: Add the investment tenure and the interest rate 

Once you add all the values, the tool will instantly calculate and display the maturity amount and interest rate on your screen. Let’s take an example to understand better.

Suppose Mr. A opens an RD account with PNB and decides to make a monthly deposit of Rs. 2,000 for 2 years. The interest rate offered by the bank stands at 7%. The maturity value of your RD will be Rs. 51,640. The total amount you would have invested will amount to Rs. 48,000, and the estimated returns would be Rs. 3,640.

Benefits of Using the PNB RD Calculator

There are several benefits of using the Angel One PNB RD calculator. Let’s have a look at some of these benefits:

  • Easy to use: The PNB RD calculator available on the Angel One platform is quite easy to use. You just need to add the right variables, and the calculator will calculate precise maturity and interest amounts instantly.
  • Saves time: An RD calculator is a time-saving instrument. All you need to do is enter the values, and it will perform the calculation in seconds. 
  • Accurate results: RD calculators eliminate the need for manual calculations that are prone to errors. The PNB RD calculator can accurately calculate your returns in seconds. 
  • Free to use: The online PNB RD calculator on the Angel One website is free to use. You can use it anytime and anywhere without paying anything. 
Factors Influencing PNB RD Earnings

Several factors can influence your RD returns. Let’s have a look at these factors below:

    1. Investment amount: PNB has mandated a minimum amount of Rs. 100 as a recurring deposit instalment. Deciding on the investment amount is important as it will directly impact your earnings. 
    2. Tenure: The tenure of a recurring deposit ranges from 6 months to 10 years. Also, once you open an RD account, you cannot change the tenure of the deposit. The longer you keep investing, the higher will be your RD earnings. 
  • Interest rates: The interest rates for recurring deposits are fixed by the bank. They are different for RDs with different tenures. Before opening an RD, you must look at the interest rate, as it directly affects your earnings.
  • Taxation on interest: The interests earned on an RD are subject to taxes. No taxes will be deducted if your interest earnings are less than Rs. 40,000. 


What is the PNB RD calculator?
The PNB RD calculator helps you calculate the maturity amount and interest you can earn on your RD. It considers the deposit amount, tenure, and interest rate to provide accurate results. You can use the PNB RD calculator to plan your investments and make informed decisions regarding your recurring deposit with PNB.
How to use an RD calculator online?
Access the online RD calculator from the Angel One website. Enter the monthly investment amount, the tenure, and the applicable interest rate. The online RD calculator will display the maturity value, total investment amount, and interest earned.
Is the PNB RD calculator free to use?
Yes, the online PNB RD calculator is free to use. You can access the calculator from the Angel One website without any charge.
How much can be the minimum tenure of your bank recurring deposit?
The minimum tenure of the recurring deposit varies from bank to bank. Generally, it ranges between 6 months and 10 years
What is the interest rate on PNB RD?
The interest rate on PNB RD can vary based on factors such as the deposit amount, tenure, and prevailing market conditions.

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