Reccuring Deposit RD

General Calculator for self-help Planning
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0
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20K
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40K
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60K
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80K
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1L
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0%
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2%
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4%
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6%
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8%
|
10%
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12%
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14%
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16%
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18%
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20%
Year
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0
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6M
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1Y
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1.5Y
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2Y
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2.5Y
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3Y
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3.5Y
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4Y
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4.5Y
|
5Y

Maturity Amount




Deposit Amount - Amount to be deposited on due date, this amount is remains same for all the deposits made during periodically.

Interest Rate - Interest rate is the amount paid by a borrower e.g. bank to a lender e.g. customer for the use of money. Interest rates are typically expressed as percent of principal amount on an annual basis, known as the annual percentage rate (APR).

Duration - Fixed period from the date of deposit to the date of maurity. Longer duration is cause to higher interest rates.

Frequency - Recurring deposits are made at a periodic interval, frequency defines when do you want to make make deposit e.g. every month , every quarter.

Maturity Amount - An amount that comprises all principal deposit amount and compunded interest. This amount will be given back to customer by borrower"



Disclaimer - These gizmos, calculators, tools are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances and suitability for any individual. Please read site terms & conditions for details.

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