Recurring Deposit Calculator
Recurring Deposit: a planned Super Calculator tool. Covers monthly deposit (INR). Stub page: the tool, its formula and a worked example are not published yet.
Recurring Deposit Calculator is a planned calculator in the finance section of Super Calculator, covering savings and cash.
What this calculator will compute
Inputs: monthly deposit (INR), annual rate (%) and tenure (months).
Outputs: maturity value (INR), total deposited (INR) and interest earned (INR).
Formula, recorded as scope and not yet verified against a primary source: Maturity of a series of equal monthly deposits under quarterly compounding, summing each installment compounded for its own remaining tenure. Indian banks use quarterly compounding on a monthly deposit series, which is why a naive monthly annuity formula gives the wrong answer.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.