You will need to deduct the tax deductible at source (TDS) to know your interest after the tax payment. However, the figure is the gross interest amount. The RD calculator will let you know the exact amount you earn as interest on your RD for a fixed period.
Your investment grows at compound interest, and the calculator will provide the exact maturity amount figure. You only have to input the investment amount, the duration of the deposit and the interest rate to calculate the total interest that accrues on the RD and is payable by the bank or post office, whichever applies. Moreover, the calculations are fast and accurate.
The RD calculator (online) is available on the 5paisa website and is easy to use. Moreover, the complexity of calculation does not end there, as there is a need for multiphase calculations.īut the complexity of calculating RD returns becomes zero when using the RD account calculator. The interest is generally a quarterly calculation making it almost impossible to calculate the multiple variables. A depositor can track the amount already deposited in an RD, but following the returns receivable on the continuous investment is challenging.
