How is RD Interest Calculated?

RD Interest Rate Calculation

The Recurring Deposit (RD) interest is compounded quarterly

The Recurring Deposit (RD) interest is compounded quarterly. And the formula to calculate the RD returns is the same as the formula for compound interest.

Say, for example, you invested R1000 per month for 5 years in a RD account. Assuming a rate of interest of 8 percent per annum, the maturity value of the same would be R73862.

For further information contact SaveTaxGetRich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300