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.
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
Rate of Interest (Yearly)
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.
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.
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
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
Easy comparison of interest rates between banks for better decision-making
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]
P = Monthly Deposit Amount
R = Rate of Interest
N = Total number of quarters in the tenure
t = Tenure of the RD in years
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
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.
The Yes Bank Recurring Deposit account application form
PAN Card copies
Passport size photographs
Other relevant documents
|Period||Interest Rate (per annum)||Senior Citizen Rates (per annum)|
|60 Months upto 120 Months||6.25%||7.00%|
|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%|
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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