Home Calculators Yes Bank RD Calculator

YES Bank RD Calculator – Evaluate Recurring Deposit Returns Online

Calculate the future value of your SIP investment

I know my

Goal Amount

Expected Return (P.A)

Time Period

Summary

To achieve a goal amount of ₹15,00,000 in 10 year(s), and at 5% inflation, you would need to invest ₹9,20,869 at a 10% rate of return.

Summary

To achieve a goal amount of ₹15,00,000 in 10 year(s), and at 5% inflation, you would need to invest ₹9,20,869 at a 10% rate of return.

Total Investment Breakup

Lumpsum Investment

Interest Earned

Total Investment

Year Investment
Amount (₹)
Wealth
Gained (₹)
Expected
Amount (₹)

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Yes Bank RD Calculator

All you need to know about Yes Bank RD Calculator

Recurring Deposit (RD) is a reliable savings instrument that allows individuals to deposit a fixed amount regularly and earn interest over time. The YES Bank RD Calculator is an online tool to help users estimate the maturity amount for their recurring deposits, helping with a more insights into financial planning.

What is the YES Bank RD Calculator?

The YES Bank RD Calculator is an online tool that calculates the maturity value and interest earned for YES Bank RD accounts. Users can instantly determine their expected returns by entering details like deposit amount, tenure, and applicable YES Bank RD interest rates, helping them compare plans and optimise savings.

Features of the YES Bank RD Calculator

  1. Ease of Use: The YES Bank RD Rates Calculator is user-friendly.
  2. Accurate Estimates: It uses the latest formulas based on updated YES Bank recurring deposit interest rates calculator logic, ensuring precise results.
  3. Instant Calculations: The RD calculator YES Bank only takes a few seconds to provide users with the results.
  4. Customisable Inputs: You can test various combinations of monthly deposits and tenures to find a suitable RD plan.

Formula to Calculate YES Bank RD Maturity

The RD interest calculator employs a standardised RD rate calculator formula to accurately ascertain this amount.

The formula for the YES bank RD calculator is:

A = P*(1+R/N)^(Nt)

A Final Amount (Including both principal and compound interest) 
P Monthly Installment (Initial investment) 
r Annual Interest Rate (expressed as a decimal) 
n Number of times interest is compounded per year 
t Number of years the money is invested for

Example Calculation with the YES Bank RD Calculator

Suppose an individual initiates an RD account with a monthly investment of Rs. 5000 for 1 year (4 quarters) at an 8% interest rate. The maturity amount can be calculated using this RD interest calculator formula:

A = P*(1+R/N)^(Nt)

= 5000*(1+.0825/4)^(412/12) = 5425.44

= 5000*(1+.0825/4)^(411/12) = 5388.64

= 5000*(1+.0825/4)^(4*1/12) = 5034.14

Summing up the series, the total maturity value (A) amounts to Rs. 62,730.85.

Solving this equation manually can be time-consuming. However, by utilising the YES Bank RD Calculator, you can swiftly obtain the precise figure within seconds.

How to Use the YES Bank RD Rates Calculator?

Follow this step-to-step guide on how to use the YES Bank calculator for RDs:

  1. Open the YES Bank RD value calculator online.
  2. Adjust the inflation rate:
  3. You can use the YES Bank RD calculator in two ways:

Case 1 – If You Know the YES Bank RD Investment Amount

In this scenario, you need to provide 3 key inputs:

  • Your investment amount
  • Expected interest rate
  • Time period

Once you enter these details, you can calculate RD returns that you will get after the completion of your investment tenure on the YES Bank RD scheme.

Case 2 – If You Know Your YES Bank Goal Amount

In this scenario, you will need to provide:

  • Goal amount
  • Expected interest rate
  • Time period

Once you input these details into the YES Bank recurring deposit interest calculator, you can get an estimate of how much amount you need to invest to reach your goal through the YES Bank RD interest rates calculator.

Benefits of the YES Bank RD Calculator

  • Comprehensive Planning: The YES Bank RD calculator lets users plan investments according to the projected returns based on different rates of return.
  • Informed Decision-Making: Compare tenure options and deposit amounts to maximise returns.
  • Convenience: Avoid manual calculations and let the YES Bank recurring deposit interest rates calculator do the work.

YES Bank RD Interest Rates

Here are the latest YES Bank RD interest rates for various tenures as of November 2024:

Tenure Interest Rate (p.a.) Senior Citizen Rate (p.a.)
6 Months 6.10% 6.60%
9 Months 6.35% 6.85%
12 Months 7.25% 7.75%
15 Months 7.50% 8.00%
18 Months 8.00% 8.50%
21 Months 7.75% 8.25%
24 to 33 Months 7.25% 7.75%
36 Months to less than 60 Months 7.25% 8.00%
60 Months and above 7.00% 7.75%

Note: Interest rates are subject to change. Always check the latest YES Bank RD interest rates before investing.

To Wrap it Up

The YES Bank RD Calculator is a simple yet useful tool for understanding potential returns on recurring deposits. It provides accurate estimates based on inputs given by the user, enabling investors to plan their finances accordingly. By leveraging the YES Bank RD Rates Calculator, users can evaluate many hypothetical scenarios and plan their SIPs.

Disclaimers

The results provided by this calculator are for illustrative purposes only and are based on the inputs provided by the user, including the investment amount, expected rate of return, and the investment time period.

The calculator assumes a constant rate of return and does not account for market fluctuations. Therefore, the actual future value of the investment may differ from the estimated value.

smallcase makes no representations or warranties regarding the accuracy of the calculator’s results and is not responsible for any errors, omissions, or inaccuracies. The calculator does not consider taxes, fees, or other factors that may affect investment performance.

This calculator and the results generated are not intended as a solicitation to invest or as a recommendation for any particular investment product. Users are encouraged to consult with a qualified financial advisor before making any investment decisions.

Frequently Asked Questions

Is the YES Bank RD Calculator free to use?

Yes, it is a free online tool accessible to everyone.

How does the YES Bank RD Calculator ensure accuracy?

The YES Bank RD Calculator uses a standard compound interest formula in order to provide accurate results based on the given input.

Can I modify my inputs in the calculator?

Yes, you can adjust deposit amounts, expected rate of return and tenure to explore different combinations using the YES Bank RD Rates Calculator.

What is the YES Bank RD Calculator used for?

It calculates the maturity amount and interest earned based on the data provided by the user.

Where can I find the YES Bank RD Calculator?

The calculator is available on the smallcase platform.

Are the YES Bank RD interest rates updated regularly?

You can check out the YES Bank official website for regular updates on their RD rates.

Can senior citizens use the YES Bank RD Calculator?

Yes, senior citizens can also use the YES bank RD calculator to estimate the returns on their recurring deposits.

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