The user should exercise due care and caution (including if necessary, obtaining of advice of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. The use of any information set out is entirely at the user's own risk. IDFC FIRST Bank does not guarantee accuracy, completeness or correct sequence of any of the details provided therein and therefore, no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. You can change data inputs, and the RD calculator will automatically give the revised maturity value. Once you enter these details in the recurring deposit interest calculator, it calculates your maturity amount as per the applicable interest rate. Enter the monthly investment amount and the number of months you’re investing it. Our recurring deposit calculator is simple, quick, and easy to use. How to use IDFC FIRST Bank’s RD Calculator? The RD interest calculator uses the maturity value formula to compound interest quarterly. It is better to use the RD maturity calculator as it does everything for you. RD interest rates can be calculated manually or by using the recurring deposit calculator. It helps you plan your recurring deposit efficiently and accurately without hassles.

With our recurring deposit calculator, you can also adjust the deposit amount and choose a tenure of your choice to find the maturity amount. The automated RD calculator tool from IDFC FIRST Bank helps you dodge the hassles of manual calculation by precisely determining your maturity amount, based on your investment tenure and deposit amounts. The interest calculation, however, involves an extensive calculation process which is quite time-consuming if done manually. Recurring deposits can help you build significant savings over a period of time by offering interest on your funds. Note: The formula cannot be directly used to calculate the RD maturity amount. Where: A = Maturity Amount P = Principal N = Compounding Frequency R = RD interest rate in percentage t = Tenure. It is based on the compound interest formula: An RD calculator helps calculate the interest earned on the amount invested in an RD.

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