Recurring Deposit (RD) Interest Calculator
Under Recurring Deposit scheme, a customer deposits a minimum amount (usually fixed amount) every month, and bank pays the interest at a pre-determined rate. On maturity date, the customer gets paid the maturity value (principle amount and the interest). To calculate your RD interest, you just need to fill-in the installment amount that you can invest every month, the interest rate and the period/tenure of the RD.