RD calculator
₹
10K
1CR
%
1%
15%
Yr
1
30
What is RD Calculator?
A recurring Deposit Calculator is a tool used to calculate the maturity value of a recurring deposit. A recurring deposit is a type of deposit offered by banks where individual deposits a fixed amount of money every month for a fixed tenure. The maturity value is the amount the individual will receive at the end of the tenure, including the interest earned on the deposit. An RD calculator can help determine the maturity value based on the deposit amount, interest rate, and tenure.
How can the RD Calculator help you?
- Planning savings: An RD calculator can help you plan your savings by allowing you to see the maturity amount you would receive for a given deposit amount, interest rate, and tenure. This can help you determine the amount you need to deposit each month to reach your savings goals.
- Budgeting: An RD calculator can assist you in budgeting by providing you with an estimate of your future income, which can help you plan your expenses and make financial decisions.
- Compare interest rates: By using an RD calculator, you can compare the interest rates offered by different banks and determine which one offers the best return on your investment.
- Make informed decisions: An RD calculator can help you make informed decisions about your finances by providing you with a clear picture of the potential returns on your investment.
How to use the SwiftTax RD calculator?
Here are the steps to use the SwiftTax RD calculator:
- Visit the SwiftTax website, click Calculators, and select the “RD Calculator” option.
- Enter the deposit amount: This is the amount of money you plan to deposit into the recurring deposit each month.
- Enter the interest rate: This is the rate of interest offered by the bank on the recurring deposit.
- Enter the tenure: This is the duration of the recurring deposit in months or years.
- Once you have entered the above information, press the calculate button to see the maturity amount, which is the total amount you would receive at the end of the tenure, including the interest earned.
- Review the results to see how much interest you will earn and the maturity amount you will receive.