What is RD - Recurring Deposit?
Recurring deposits are great way to save on small income. When you start investing in a recurring deposit account you are paid interest compounded quarterly. Premature withdrawal attracts penalty. Recurring deposit calculators offer simple way to know the withdrawal amount.
Why use Recurring Deposit calculator?
Recurring Deposit calculator is a easy to use tool to calculate returns.
How to use Recurring Deposit calculator?
- Enter the amount you wish to invest.
- Select the period for which you want to invest.
- Set value for expected Interest rate.
- Check the returns.
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