➤ [ BEST ] RD Calculator - Recurring Deposit Calculator in india

RD Calculator




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What Is RD Calculator Post Office?

This RD Calculator India helps us every people on calculating return. Recurring deposits is one of the best ways to save money every month. In this scheme, any person can open an RD account, but minors, students, and senior citizens can avail of additional benefits in terms of RD interest rates.

 Senior citizens receive a higher rate of interest than regular citizens. RD interest rates vary from bank to bank and the rates offered on RD are subject to change at any time. However, once you open an RD account, the rate remains the same until the tenure of the deposit. 

For example, if your RD scheme is for 24 months, you will get the same interest rate over the entire tenure of two years.

RD Calculator With Tax - Recurring Deposit Calculator

rd calculator

Recurring deposits are a way to encourage savings among individuals. In the Recurring Deposit Scheme, a fixed amount is deducted every month, a savings account or a current account. At the end of the maturity period, investors are repaid their invested money with accrued interest. Recurring deposits help in a safe deposit of disciplined investments and provide good returns on deposits. 

While investing in a recurring deposit scheme, it is recommended that you compare RD interest rates of different banks and choose the one that gives you the desired return.