Recurring Deposit (RD) is a type of investment where you deposit a fixed amount every month and earn interest on it.
You deposit Rs.2000 every month for 3 years at 6%.
At the end you get maturity amount with interest.
Total deposit amount = Rs.72,000
Estimated Return = Rs.7,028
Enter the monthly investment, duration, and interest rate. You can also choose compounding frequency. Once you enter the details, you get the maturity value along with a pie chart for easy understanding.
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