Recurring Deposit Calculator
getcalc.com's Recurring Deposit (RD) Calculator is an online finance tool to calculate the interest income & maturity amount for the series payments generally deposited into a bank account at a certain interest rate for a specific period of time.
Definition & Usage
Recurring Deposit is a finance function or method used in the context of time value of money calculation, often abbreviated as RD, represents the series of cash flows or payments generally deposited into a bank account at a certain interest rate for a specific period of time that will be paid back as total sum of money at the end of tenure, along with the compound interest earned during the entire tenure.
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