Yes Bank RD (Recurring Deposit) Calculator
Calculate the future value of your SIP investment
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
A Recurring Deposit (RD) is a reliable savings instrument allowing individuals to deposit a fixed amount regularly and earn interest over time. The YES Bank RD Calculator is an invaluable online tool to help users estimate the maturity amount and interest earnings for their recurring deposits, ensuring better 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. By entering details like deposit amount, tenure, and applicable YES Bank RD interest rates, users can instantly determine their expected returns, helping them compare plans and optimise savings.
Features of the YES Bank RD Calculator
- Ease of Use: The YES Bank RD Rates Calculator is user-friendly.
- Accurate Estimates: It uses the latest formulas based on updated YES Bank recurring deposit interest rates calculator logic, ensuring precise results.
- Instant Calculations: Receive immediate estimates for better financial decision-making.
- Customisable Inputs: Test various combinations of monthly deposits and tenures to find a suitable RD plan.
Formula to Calculate YES Bank RD Maturity
The maturity amount for a recurring deposit in YES Bank RD Rates Calculators is determined by the formula:
M = P x {(1 + r/n)^(nt) – 1} / (1 – (1 + r/n)^-n)
Where:
- M = Maturity amount
- P = Monthly installment (amount deposited every month)
- r = Annual interest rate (in decimal form, e.g., 7% = 0.07)
- n = Number of compounding periods in a year (e.g., quarterly = 4, monthly = 12)
- t = Total duration of RD in years
Example Calculation with the smallcase Yes Bank RD Calculator
Let’s calculate returns using the Yes Bank RD calculator:
- Monthly Deposit (P): Rs. 5,000
- Tenure: 2 years (24 months)
- Annual Interest Rate: 6%
- Quarterly Interest Rate (i): 6% ÷ 4 = 1.5% = 0.015
- Total Quarters (n): 24 ÷ 3 = 8
Using the formula, the maturity amount comes to approximately Rs. 1,25,000. The Yes Bank Recurring Deposit Calculator simplifies this calculation, delivering results instantly.
How to Use the smallcase YES Bank RD Rates Calculator
The YES Bank Recurring Deposit Calculator is a tool that simplifies estimating returns based on your chosen deposit amount, tenure, and applicable interest rate. Here’s a step-by-step guide to using the YES Bank RD Calculator:
Step 1: Enter the amount you wish to invest in the scheme on the YES Bank recurring deposit interest rates calculator.
Step 2: Set the applicable or expected YES Bank RD interest rates by adjusting the slider provided.
Step 3: Enter the investment duration for your RD.
With these inputs, the calculator instantly estimates your maturity amount, helping you make informed investment decisions with ease.
Benefits of the YES Bank RD Calculator
- Comprehensive Planning: The YES Bank RD calculator enables users to plan investments effectively by using real-time YES RD interest rates.
- 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:
| 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 powerful tool for understanding potential returns on recurring deposits. With accurate estimates based on the latest YES RD interest rates, investors can plan their finances efficiently and achieve their savings goals. By leveraging the YES Bank RD Rates Calculator, users can make well-informed decisions to secure their financial future.
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Frequently Asked Questions
Is the YES Bank RD Calculator free to use?
Yes, it is a free tool accessible to everyone.
How does the YES Bank RD Calculator ensure accuracy?
It uses the latest YES Bank RD interest rates and an accurate formula to calculate returns.
Can I modify my inputs in the calculator?
Yes, you can adjust deposit amounts 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 latest YES Bank RD interest rates.
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?
Yes, the YES RD interest rates are periodically updated to reflect market conditions.
Can senior citizens use the YES Bank RD Calculator?
Yes, senior citizens can input their additional rate benefits into the calculator to estimate their maturity value.
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