The maturity value of the investment for Mr Bhargav can be determined by using the HDFC RD calculator. Mr Bhargav wishes to invest INR 25,000 per month in a recurring deposit scheme for five years. The following example will help in understanding the HDFC RD calculator better. To determine the investment value, the calculator uses the future value formula. The calculator helps in determining the wealth created from an investment. One has to enter a few basic details such as monthly investment amount and HDFC Bank recurring deposit rate. One can use the HDFC RD calculator online for free. In other words, it is the maturity value of the RD investment. Total Corpus created: It is the sum of all investments (total investment) and the wealth gained. Wealth Gained: The wealth gained is the interest income on RD investment. Total investment: It is the total of all monthly investments the investor makes in the RD. Once an individual enters the above inputs in the calculator, the following outputs or results are determined: RD term: It is the tenure of the recurring deposit investment in months. The interest rates of RDs of multiple banks are available online. The banks set the recurring deposit interest rate. Interest rate: It is the income that one earns on their RD investment. Monthly deposit amount: It is the amount one intends to invest every month in a recurring deposit. A calculator is a simple tool that requires one to enter the following inputs in the RD calculator: The HDFC RD calculator calculates the interest and also the value of the investment at a future date. Also, the maximum investment amount in RD per month is INR 1,99,99,900. The minimum amount for RD investment is INR 1,000 and thereafter in multiples of INR 100. For Non-Resident Indians, the minimum tenure is twelve months. One can choose between a range of tenures between six months to ten years. HDFC bank offers RD for different tenure options. Also, the interest of RD gets compounded quarterly. For recurring deposits, the maturity amount is the sum of all investments and the interest earned during the investment tenure.

HDFC Bank RD calculator is an online tool that helps in estimating the interest earned by investing in a recurring deposit. Check: HDFC RD Interest Rates 2023 HDFC RD Calculator

Hdfc recurring deposit interest