Formula To Calculate RD Interest

How to Calculate Recurring Deposit (RD) Interest?

This Simple Formula is Used to Calculate the Interest Value of Recurring Deposits (RD) . The rate of Interest Differs From Bank to Bank .

R [ (1+i)n – 1]

M        =    ——————–
1- (1+i) -1/3
M = Maturity value
        R = Monthly installment
     n = Number of quarters
  i = Rate of interest/400


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