| Vývojář: | Mukesh Datyal (5) | ||
| Cena: | * Zdarma | ||
| Hodnocení: | 0 | ||
| Recenze: | 0 Napsat recenzi | ||
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Popis
“An RD account means a banking or postal service account in which a depositor puts a certain amount of money each month for a set length of time (commonly spanning from one year to five years).” This structure is for people who want to put down a set amount each month with the goal of receiving a payout after a few years.
How does a Recurring Deposit account work?
An ordinary fixed deposit implies that a person sets aside a sum of money that can be withdrawn after a set length of time. Meanwhile, you are unable to alter the sum of the money or possibly supplement it.
The recurring deposit follows a similar procedure with one primary difference. Instead of investing a lump sum, you should deposit a specific amount into your account each month, which you determined when you opened your RD account. This could be a tiny sum that won't completely empty your wallet. And when the sum matures, you'll have a large sum in excess of your principal, plus interest.
RD Features
Interest Rate between 5% to 8% (variable from one bank to another)
Minimum Deposit Amount from Rs.10
Tenure of Investment from 6 months to 10 years
Frequency of Interest Calculation every Quarter
Mid-term or partial withdrawal is not allowed
Premature account closure allowed with penalty
Snímky obrazovky







Novinky
- Verze: 1.0
- Aktualizováno:
- Simple and easy GUI
Recurring deposit interest calculator
Multiple compounding frequency
Multiple years selection
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- Mukesh Datyal
- Platformy: Android Aplikace (5)
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Další informace
- Verze: 1.0
- Kategorie:
Android Aplikace›Finance - OS:
Android 4.4 - Velikost:
19 Mb - Hodnocení obsahu:
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