| Developer: | Mukesh Datyal (5) | ||
| Price: | * Free | ||
| Rankings: | 0 | ||
| Reviews: | 0 Write a Review | ||
| Lists: | 0 + 0 | ||
| Points: | 0 + 0 ¡ | ||
Description
“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An ordinary fixed deposit implies that a person sets aside a sum of money that can be withdrawn after a set length of time.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
Screenshots
What's new
- Version: 1.0
- Updated:
- Simple and easy GUI
Recurring deposit interest calculator
Multiple compounding frequency
Multiple years selection
Price History
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* Contains Ads - Today: Free
- Minimum: Free
- Maximum: Free
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Developer
- Mukesh Datyal
- Platforms: Android Apps (5)
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- Reviews: 0
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- Videos: 0
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Additional Information
- Version: 1.0
- Category:
Android Apps›Finance - OS:
Android 4.4 - Size:
19 Mb - Content Rating:
Everyone - Google Play Rating:
0 - Updated:
- Release Date:
Contacts
- Website:
https://www.datyaltech.com
«Recurring Deposit Calculator» is a Finance app for Android, developed by «Mukesh Datyal». It was first released on and last updated on . This app is currently free. This app has not yet received any ratings or reviews on AppAgg. AppAgg continuously tracks the price history, ratings, and user feedback for «Recurring Deposit Calculator». Subscribe to this app or follow its RSS feed to get notified about future discounts or updates.
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