How to use the RD Calculator

RD calculator is an investment instrument that will help you in calculating RD maturity amount. There are many RD online calculators available that will help you with calculating it. Once when you check all the combinations possible and choose the one that perfectly fits you, you can then start investing in it regularly.

How Does A RD Calculator Work?

The calculation of RD works along with the combination of the following components of instalments you choose, tenure of the deposit and the interest rate, that will lead you to good returns. The RD calculator works with three fields that will estimate one's potential returns on their investment towards your recurring deposit.

• Deposit Amount - The amount that you deposit every month.
• Rate Of Interest - The rate at that you have opted for the recurring deposit.
• Deposit Tenure - The duration you choose for your recurring deposit.

How To Use A RD Calculator?

When you use your recurring deposit calculator for making the calculations to find your returns, it will become effortless. You have to enter the values accurately, and you will get the result correctly. You don't have to waste your time on calculating each option with the formula, and you can use the calculator instead.

When you use an RD calculator, you can at ease, calculate all your financial options together. You can check for the maturity amount and choose the combination that best suits you and gives good returns. Here are the steps that you have to follow for using a recurring deposit calculator:

• Enter the amount that you plan to deposit by typing the amount, or by adjusting the slider on the field.Enter the amount that you plan to deposit by typing the amount, or by adjusting the slider on the field.
• Then, fill in the interest rate at which you agreed to get your recurring deposit with the slider or entering directly.
• Lastly, you should choose the tenure for which you want this recurring deposit to last and type it in the given field.
• Once when you enter all the values, you should click on the calculate RD returns button at the bottom, and your answer will be in the field.