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Recurring Deposit Calculator Excel

 

The Recurring deposit account is an account in the bank (or a Post office) where an investor deposits a fixed amount of money every month for a fixed tenure (mostly ranging from one year to five years). This scheme is for investors who want to deposit a fixed amount every month, in order to get a lump sum after some years. The small monthly savings in the Recurring Deposit scheme enable the depositor to accumulate a good amount on maturity. Interest at term deposit rates is assessable on quarterly compounded basis.

Post office recurring deposit scheme calculator is an excel based calculator to calculate the interest amount one got on monthly installment every year as well as after five years. If you want to download this calculator click download.

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