RD Calculator - India

Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate.

Customers can open a Recurring Deposit account with a bank, where the compounding of interest will be done on quarterly basis.

The minimum period for a RD varies from bank to bank.

RD Calculator App from Teclab Solutions is very easy to use.

You just enter the Monthly Deposit, Rate of Interest & select the Tenure then you will get the Maturity Amount.

Objectives

Recurring deposit account is to develop regular savings habit among the public.

In India, minimum amount that can be deposited is Rs.10 at regular intervals.

The period of deposit is minimum six months and maximum ten years.

The rate of interest is higher.

No withdrawals are allowed. RD offers the additional benefit of taking loan against the deposit.

The amount of installment once fixed, cannot be changed.

The tenure of RD can be in multiple of 3 months

Types of Recurring Deposit

* Junior RD Schemes
* Senior Citizens RD Schemes
* NRE/NRO RD Schemes

Features

* Our RD Calculator is available free on online.
* No Internet connection is required to use RD Calculator.
* RD Calculator help you to calculate Maturity Amount.
* If you want to visualize the calculation Graphically then it is possible with RD Calculator
* RD Calculator is very easy to use.