Yes Bank RD Calculator

Yes Bank RD Calculator is an online tool that helps investors to calculate their potential returns from investing in a recurring deposit scheme offered by Yes Bank. Recurring deposits are a popular investment option for people who want to save money regularly and earn a fixed rate of interest on their savings. Yes Bank offers various recurring deposit schemes that cater to the different needs of investors.

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6.7 Crore
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Yes 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

Yes Bank RD Calculator

Yes Bank RD Calculator helps in the computation of the maturity amount just by entering a few basic details of the RD account and the account holder. RD Calculator is hands-down easy to use and hassle-free when compared to manual calculations as it reflects the accurate amount with almost no chance of error.

As the RD interest rate remains constant throughout the tenure, calculation of RD maturity amount becomes less complicated compared to other investment instruments.

Why is it Important to Use Yes Bank Recurring Deposit Calculator?

  • Yes Bank Recurring Deposit Calculator is a tool that helps you calculate the maturity value of your investment.

  • It takes into account various factors such as the deposit amount, tenure, interest rate, and frequency of deposit.

  • Using a RD calculator can help you plan your investment better and make informed decisions.

  • It enables you to compare the returns of different RD schemes and choose the one that best suits your financial goals.

  • It allows you to adjust the deposit amount, tenure, and frequency to see how it affects your returns, and make changes accordingly.

  • Using the Yes Bank RD calculator saves you time and effort and provides you with a quick and reliable estimate of your investment's returns.

  • It helps you avoid the tedious task of manually calculating the maturity value of your investment, which may lead to errors.

  • By using the Yes Bank RD calculator, you can make informed investment decisions, plan your finances, and achieve your financial goals.

How to Use the Online Yes Bank RD Calculator?

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

Step 1: Open the Policybazaar Yes 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 Yes Bank Recurring Deposit Calculator will display the following details immediately:

  • Total investment during the tenure

  • Interest earned on Yes Bank RD interest rates

  • Maturity returns

Benefits of Yes Bank RD Calculator

The main advantages of using a Yes Bank RD Calculator is:

  • Saves time and energy compared to manual calculations

  • Easy-to-use tool with few complications

  • Guarantees accuracy 

  • Easy comparison of interest rates between banks for better decision-making

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 10 years

  • At a Yes Bank RD interest rate of 10% p.a.

  • Maturity amount = 1,000 X [(1 + 10) X 40 – 1] / 1 – (1 + 10) (-1/3)

  • Maturity amount = Rs. 2,06,552

Eligibility Criteria for a Yes Bank RD Account

  • Individuals

  • Indian residents

  • Hindu Undivided Family (HUF)

It is important to note that the above-mentioned categories are eligible only if they have an active savings account with Yes Bank.

Document Required to Open Yes Bank RD Account

  • The Yes Bank Recurring Deposit account application form

  • PAN Card copies

  • KYC Documentation

  • Passport size photographs

  • Identification proof

  • Address proof

  • Other relevant documents

FAQ's

  • What are the Yes Bank RD Interest Rates?

    Recurring Deposit Interest Rates:
    Period Interest Rate (per annum) Senior Citizen Rates (per annum)
    6 Months 4.75% 5.25%
    9 Months 5.00% 5.50%
    12 Months 5.75% 6.25%
    15 Months 5.75% 6.25%
    18 Months 6.00% 6.50%
    21 Months 6.00% 6.50%
    24 Months 6.00% 6.50%
    27 Months 6.00% 6.50%
    30 Months 6.00% 6.50%
    33 Months 6.00% 6.50%
    36 Months 6.25% 7.00%
    60 Months upto 120 Months 6.25% 7.00%
  • What is the rate of RD for 2 years?

    The RD interest rates for a tenure of 2 years are as follows:
    Bank Name RD Interest Rates for General Public 
    State Bank of India (SBI) 7.00% 
    Punjab National Bank (PNB) 5.10% 
    Post Office RD 6.20% 
    ICICI Bank 7.10% 
    HDFC Bank 7.00% 
    Axis Bank 7.20% 
  • Do I need to create an account to use the Yes Bank RD Calculator?

    No, you do not need to create an account to use the Yes Bank RD Calculator. It is a free and publicly available tool that can be used by anyone.

Past 10 Year annualised returns as on 01-11-2023

^Tax benefit are for Investments made up to Rs.2.5 L/ yr and are subject to change as per 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
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