Axis Bank RD Calculator

The Axis RD Calculator is an online tool offered by Axis Bank to help customers calculate the maturity value of their recurring deposit investments. This calculator simplifies the process of determining the future value of your RD by considering the principal amount, interest rate, tenure, and compounding frequency.

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Axis Bank RD Calculator

Monthly Investment

₹500 ₹1L

Enter Monthly Investment

Rate of Interest (Yearly)

1% 10%

Rate of Interest (Yearly)

Time Period

1 Year 10 Years

Enter Time Period

Total Investment

Interest Earned

Maturity Amount

The rate of interest may differ from bank to bank and decided by the bank only. But what if you can calculate Recurring deposit ROI on your own? Yes, it is possible with the help of RD Calculator

What is an Axis Bank RD Calculator?

Axis Bank offers a Recurring Deposit account that enables individuals to save their hard-earned money by depositing a suitable amount for a pre-defined period of time.
The Axis RD Calculator is a tool that helps compute the maturity amount of the RD account by simply entering a few basic details of the account holder and the RD account.
The RD Calculator is easy to use and hassle-free, providing an accurate amount with almost no chance of error.
Compared to manual calculations, using the RD Calculator is a better option as it saves time and ensures accuracy.

How to Use the Online Axis Bank RD Calculator?

The investor has to follow the below-mentioned simple procedure to calculate Axis Bank RD interest rate returns through the online Axis Bank RD Calculator:

Step 1: Open the Policybazaar Axis Bank RD Calculator

Step 2: Select the following details in the calculator

Monthly recurring deposit amount
Tenure of your RD investment
Valid RD interest rates

Step 3: The Axis Bank Recurring Deposit Calculator will display the following details immediately:

Total investment during the tenure
Interest earned on Axis Bank RD interest rates
Maturity returns

Maximize your investments with our SIP Calculator.

What are the Benefits of Axis RD Calculator?

The main advantages of using an Axis RD Calculator is:

Saves time and energy compared to manual calculations.
Easy-to-use tool with 100% accuracy and minimal complexity.
Enables comparison of interest rates for better decision-making.
Precisely calculates returns for future planning.

What is Axis Recurring Deposit Interest Formula?

An investor can also compute the maturity value manually with the help of the Yes Bank RD calculation formula mentioned below:

Maturity value = P [(1 + RN-1)-(N*t) – 1]

Here, P = Monthly Deposit Amount R = Rate of Interest N = Total number of quarters in the tenure t = Tenure of the RD in years

Illustration:

If you deposit Rs. 1,000 monthly in Yes Bank RD
For a period of 1 year
At a Yes Bank RD interest rate of 7.6% p.a.
Maturity amount = 1,000 X [(1 + 7.6) X 48 – 1] / 1 – (1 + 7.6 / 400) (-1 / 3)
Maturity amount = Rs. 56,187 (approximately)

In order to get the better estimate of RD investments, RD calculator online tool can be used to analyse the RD returns.

Eligibility Criteria of an Axis Bank RD Account

Indian Resident
Hindu Undivided Family (HUF)
Non-Resident Indians (NRIs) with either NRO (Non-Resident Ordinary) or NRE (Non-Resident External) account
Minor under the guidance of Parents or Legal Guardians

Documents Required

The Axis Bank Recurring Deposit account application form
KYC Documentation
Passport size photographs
Identification proof
Address proof

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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Past 10 Years' annualised returns as on 01-11-2025

^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.

Tax benefit is subject to changes in tax laws. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.

**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).

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