RD Calculator

RD stands for Recurring Deposit

RD is slightly different from FD. In FD you have to deposit whole amount in one time on the other hand with RD you can deposit small amount in every month. It's best option for saving on Monthly basis with small amounts and at maturity you would get your deposited amount with interest. A person can open RD in post office and Bank.

Its a online Recurring Deposit (RD) calculator to calculate the maturity amount earned on your investment with interest rate. RD is used to save money with monthly basis. Calculate the interest earned and the amount of Post Office RD - Recurring Deposit you will accumulate using the scheme.

RD Features 

  • RD schemes are effective in making a regular habit of money saving.
  • The minimum amount that can be deposited in RD accounts may start from an amount as small as Rs.10. The minimum amount defers from bank to bank.
  • The minimum period of deposit starts from 6 months to period of 10 years.
  • RD interest rates are equal to that offered on a Fixed Deposit, which is generally higher than any other Savings schemes.
  • RD accounts do not allow premature or mid-term withdrawals. However, the bank may allow closing the account before the maturity period with a penalty for premature withdrawal.
  • RD offers an additional benefit to take a loan against the deposit.
  • RD can be funded periodically directly from your Savings or Current account.

Tax Treatment on RD

Tax are applicable as per income tax slab you fall into. There is not tax benefit on RD. We can say RD is a "TTT" type of investment for the purpose of tax rebate.

FD Interest Calculator

FD stands for Fixed Deposit

FD's are most common investment planning widely used by Indian's for future saving in Bank or Post office. There are many formulas and conditions are applied while calculating interest on FD amount. Different bank's offer different rates of Interest for different - different time period.

You can calculate and check the same with below FD Interest calculators. If you break FD before it's mature, banks impose some penalty in form of lower interest.

Be careful and acknowledged this from bank in advance, so when ever you stuck in such a situation, you will be prepare in advance and compare policies of various banks.

Want to know how much you can earn interest on specific amount on FD - Fixed Deposit in Bank or Post Office. Here is a online FD interest calculator which gives maturity amount and interest you can earn with various methods of interest compounding like -

1. Simple Interest
2. Compound Annually Interest
3. Compound Semi Annually Interest
4. Compound Quarterly Interest
5. Compound Monthly Interest

Tax Treatment on Fixed Deposits

There are two types of Fixed deposits

A. Fixed Deposit

In normal fixed deposit you have to pay tax on interest as per your income tax slab. There is no rebate in income tax. TDS is also deducted as per law for FD's. FD's are classified in "TTT" category. You have to pay tax for principle amount, for interest earned and for maturity amount also.

B. Tax Saving Fixed Deposit

There are Tax Saving FD are also available under Section 80c, in which you will get tax rebate for principle amount upto 1,50,000 (INR) in a financial year. Whatever interest you earned with Tax saving FD will attract tax as per your slab.

These Tax saving FD has a fixed 5 year period also. You can't break them in between. Tax saving FD's are classified under "ETT" category. Means only Investment is tax free, earned interest and maturity is not tax free.

EMI Calculator

EMI Stands for Equated Monthly Installment

 

If you are taking loan from bank for any purpose you have to pay it in Installment. Commonly known as EMI. By the way of EMI you can pay your loan amount in monthly basis.

Want to know how much amount of EMI you will need to pay on specific amount of Loan. The EMI includes repayment of the principal amount and payment of the interest on the outstanding amount of your Loan. Here is a online EMI calculator to Calculate the amount with variable time and interest rate. Now get Your EMI details for Home Loan, Car Loan, Auto Loan, Personal Loan and much more.

Interest Calculator

Want to know how much you can earn/pay interest  (ब्याज) on specific amount. Bank calculate interest on Quarterly basis, Interest can be counted in various method, it's not as easy as seen. Before taking any loan or making deposits in account you must check there interest formula, interest formula can make mush difference in what you get or what you pay in long term. Here is a online interest calculator with various methods like given below:

1. Simple Interest ( सरल ब्याज )
2. Compound Annual Interest ( वार्षिक चक्रवृद्धि ब्याज )
3. Compound Semi Annual Interest ( अर्द्धवार्षिक चक्रवृद्धि ब्याज )
4. Compound Quarterly Interest ( त्रेमासिक चक्रवृद्धि ब्याज )
5. Compound Monthly Interest ( मासिक चक्रवृद्धि ब्याज )

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