RBL Bank RD Calculator

RBL Bank RD Calculator

The RBL Bank RD (Recurring Deposit) Calculator helps you estimate the maturity value of your deposit based on monthly contributions, tenure, and applicable interest rate. It is a quick and effective tool for planning your savings and understanding potential returns.

How the RBL Bank RD Calculator Works

The RD calculator computes the maturity amount based on the formula for recurring deposits where interest is compounded quarterly. The interest earned and final maturity amount depends on the following:

• Monthly investment amount (deposit)
• Tenure (in months or years)
• Interest rate (per annum, compounded quarterly)

Formula Used

M = P × [(1 + r/n)^nt – 1] / [1 – (1 + r/n)^–1/3]

• M: Maturity amount
• P: Monthly deposit
• r: Annual interest rate (in decimal)
• n: Number of compounding periods per year (4 for quarterly)
• t: Tenure in years

Inputs Required

• Monthly Deposit: The fixed amount you plan to deposit every month.
• Tenure: The total duration of the RD in months or years.
• Interest Rate: The prevailing RBL Bank RD interest rate.

Example Calculation

If you deposit ₹5,000 per month for 3 years at an interest rate of 7.10% p.a. (compounded quarterly):

• Maturity Amount: ₹2,01,820 (approx.)
• Interest Earned: ₹19,820 (approx.)

Benefits of Using the RBL RD Calculator

• Instant Results: No manual calculations or errors.
• Helps in Planning: Assists in setting savings goals.
• Customizable: You can adjust the amount, tenure, and rate to compare different outcomes.
• Free and Easy: Accessible to everyone for better financial planning.

Latest RBL Bank RD Interest Rates (Q1 FY 2024–25)

*Rates are subject to change at the bank’s discretion.

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.