Reviewed by: David Chen, CFA
David Chen is a Certified Financial Analyst with over 10 years of experience in finance.
David Chen is a Certified Financial Analyst with over 10 years of experience in finance.
Enter the details below to calculate your recurring deposit (RD) maturity amount for Axis Bank.
Axis Bank RD Calculator
Not calculated yet.
Axis Bank RD Formula
Formula: Maturity Amount = P + (P × R × T) / 100
Formula Source: Investopedia
- P: Principal amount
- R: Interest rate
- T: Time period in months
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What is Axis Bank RD?
Axis Bank Recurring Deposit (RD) is a savings scheme that allows customers to make regular monthly deposits and earn interest on them. The maturity amount is the sum of the principal and interest earned over the period.
How to Calculate Axis Bank RD (Example)
- Step 1: Enter the principal amount, interest rate, and time period.
- Step 2: Click on “Calculate” to get the maturity amount.
Frequently Asked Questions (FAQ)
What is the minimum deposit amount for Axis RD? The minimum amount for RD is ₹500.
Can I change my monthly deposit amount? No, the deposit amount is fixed once the RD account is opened.