Yes Bank RD Calculator
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What is Yes Bank RD Calculator?
Yes Bank RD Calculator is an online tool that you can use to estimate the interest earned by investing in a recurring deposit. The RD maturity amount is the sum total of all investments, plus the interest earned during the investment period. Also, the RD interest is compounded every quarter. Therefore, the RD calculator automatically computes the maturity amount and wealth gained from the monthly RD investments.
Yes Bank RD Calculator Requirement
The RD calculator works on the following inputs:
- Monthly deposit amount: The monthly deposit in the RD account.
- Interest rate: The interest income on RD. Yes Bank determines the RD interest rates.
- RD term: The investment period of the recurring deposit in years.
Yes Bank RD Maturity Value Calculation
With the given inputs, the RD Calculator determines the following values:
- Total investment: Sum of all monthly investments in the RD account.
- Wealth Gained: The total interest earned on the RD account.
- Total Corpus created: You can expect the maturity value from your Yes Bank RD investment.
How to use the Yes Bank RD Calculator?
You can use the Yes Bank RD calculator online for free. To use the RD Calculator, you must visit the Scripbox website. Then enter the monthly investment amount, investment tenure and Yes Bank RD interest rate. Finally, the Yes Bank RD calculator will compute the maturity amount at the end of the tenure.
The following example helps in understanding the RD calculator better.
Ms Deepa plans to invest INR 10,000 per month in a recurring deposit scheme for five years. The current Yes bank RD rate is 6.50%.
Total Investment: INR 8,40,000
Wealth Gained: INR 2,24,470
Total Corpus Created: INR 10.64,470
Therefore, Ms Deepa’s potential return for Yes Bank RD is INR 10.64,470, and the interest income will be INR 2,24,470.