YES Bank RD Calculator

YES Bank RD Calculator

A Recurring Deposit (RD) is a savings option that allows you to invest a fixed amount every month and earn interest on it at a predetermined rate. The YES Bank RD Calculator helps you estimate the maturity value of your recurring deposit with ease. It’s a useful tool to plan your savings and understand how much you will receive at the end of your RD tenure.

How the YES Bank RD Calculator Works

The calculator uses the RD formula to compute the maturity amount based on your inputs. Here’s how it works:

Key Inputs

• Monthly Deposit (₹): The fixed amount you deposit every month.
• RD Tenure (Months): The duration for which you plan to invest.
• Interest Rate (% p.a.): The annual interest rate offered by YES Bank.
• Compounding Frequency: Interest is compounded quarterly by default.

Once you enter these values, the calculator instantly shows you:

• Total Investment
• Total Interest Earned
• Maturity Value

Formula Used in YES Bank RD Calculator

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

• P: Monthly deposit
• r: Annual interest rate (in decimal)
• n: Compounding frequency (4 for quarterly)
• t: Tenure in years

For simplicity, the calculator automates this and provides results without any manual effort.

Current YES Bank RD Interest Rates (Q1 FY 2024–25)

Rates are indicative and subject to change. Please check with YES Bank for the latest updates.

Benefits of Using the YES Bank RD Calculator

• Accurate Forecast: Know exactly how much you’ll earn on maturity.
• Easy Comparison: Compare different deposit amounts and tenures.
• Time-Saving: Instant calculations with no manual effort.
• Financial Planning: Helps you set realistic saving goals.

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.