Ask your Question
   (100 characters left)
Search for questions:      Advanced
Credit Cards
Car Loans
Home Loans
Personal Loan
Education Loans
Fixed Deposits
Savings Accounts
Miscellaneous
Bank ATM Auto Loan Bad credit Loan Recovery Recovery Agents Indian Bank Canara Bank Corporation Bank Loan Calculator credit card fraud HSBC Bank Vijaya Bank Deutsche Bank Credit history Credit score Used car loan Saving Account Fixed Deposit Loan Finance ICICI Bank RBI SBI Disha HDFC ABN Amro CitiBank EMI Calculator Kotak PNB Barclays Home Loan Personal Loan Credit Card Interest rate
Undecided Frozen Question:
Show me another
How to calculate recurring deposite
In Fixed Deposits  -  Asked by shridhar -  6 years ago
Frozen
Answers (2)
show:
Answer 1.
hey we could find out by the below mentioned formula also:

The interest on recurring deposit may be calculated as :

Let the amount deposited per month =Rs 1000/-

Cumulative sum of the amount for 12 months=Rs.12000/

Rate of interest = d
time = 12 months
1000*d*13
recurring interest = ----------------------------------------...
2400

or the general formula

(n+1 ) * Amount / month * %rate
= ----------------------------------------... 2400
6 years ago - By Vikram
Answer 2.
Hi, it's really simple to calculate the interest rate of recurring deposit. I just give you an example which would help you to understand more clearly:

Time=2 yrs=24 months
[abbreviations used=
MI=monthly income,
MA=matuarity amount
R=rate
p=premium]
1st p for Rs 10000 for 24 months=10000 x24 for 1 month
2nd p for Rs 10000 for 23 months=10000 x 23 for 1 month
|
|
|
|
|
|
|
Last premium for 10000 for 1 month=10000 x 1
_______
total=10000(24+23+_ _ +1)
=10000 x 24(24 +1)/2
=10000x 24x25/2
=3000000
interest=3000000 x 1/12 x 12/100
=30000
MA=(10000 x 24) + 30000
=270000


formula used=n(n+1)/2.............where n is the no of months.
6 years ago - By Parveen Rao
Answer: Open Questions RSS
PℂMℂ ESCORTS O7875OOO19O ~••~ O8888994383 Auℕdh Caℓℓ Girℓs In Baner ℂall Giℝls
/OpeN NoW $~O9971-Soo-498/Escℴℜt Seℜvice In Chanakyapuri -Five star HoteLs EscOrt SErvIce
/OpeN NoW $~O9971-Soo-498/Escℴℜt Seℜvice In Chanakyapuri -Five star HoteLs EscOrt SErvIce
/OpeN NoW $~O9971-Soo-498/Escℴℜt Seℜvice In Sushant Lok-Five star HoteLs EscOrt SErvIce
Girl /boy vashikaran specialist bengale baba ji +91-7733009913
View All
Discover: Resolved Questions RSS
jadoo spell specialist.+91-9983432002
I invest 4.5 lac in mis scheme in SBI how much amount received per month
FOR DEPOSIT OF 40,00000/- HOWMUCH IS MY INTEREST PER ANNUM
FEET @09780560514~@ Call GiRls ludhiana Female EsCoRt In ludhiana Female Escort Service In ludhiana
BaNg @~09780560514~@ Call GiRl In ludhiana EsCoRts In ludhiana Escort Services In ludhiana
View All
Vote: Undecided Questions RSS
JaℕaKℙuRℐ !~ VIP Sℯxy ~@समर9199II282129@~ FℯmaLe ℯsCoRt Agency SℯRViCe CaLL GiRLs in JaℕaKℙuRℐ
₮üℝďäÿ ℕïℊℎẗ ௹~* ➒1+➒➒II282I29 *~௹ ℰsℂℴℝt pitampura ℭaℓℓ Giℝℓs in pitampura ℰsℂℴℝt Sℯℜvℐℂℯ in pitam
99⋘1128⋙2129⋙ Laxmi Nagar Mahipalpur Karol Bagh Paharganj Call Girls in ℝajℐℕdℯr ℕagaℝ ⋘GℴRℊℯℴus ℐℕD
Ø⇚~-9911-282-129】 karol bagh ℭall Giℜls iℕ karol bagh Escℴℛt Sℰℛvicℰ karol bagh
09911282129russian ℂaℓℓ Giℜℓs in rohini ℰsℂℴℝt Sℯℜvℐℂℯ in rohini 09911282129russian ℂaℓℓ Giℜℓs in ro
View All
COMPARE RATES
Get best FD rates
Best FD rates by banks
Compare Car Loan Rates for a used car
Get best bank for Home Loan
Show All...
COMPARE QUICKLY
 Select a product:
 

CALCULATORS
Fixed Deposit Interest Income Calculator
Credit Card Balance Transfer Savings Calculator
Car Loan Amount by EMI Calculator
Car Loan Amount by Down Payment Calculator
More Calculators...
CALCULATE QUICKLY
 Select a product:
 

NEWS THIS WEEK
BMBSmartBanking – internet banking facility of the BMB bank Nov 20, 2014
Central Bank introduced two new products for its customers Nov 18, 2014
New Branch of BMB bank in Gujarat Nov 17, 2014
Deposits growth of the banks slowed down Nov 13, 2014
Federal Bank bagged CNBC TV18 Financial Inclusion Award. Nov 12, 2014
News Archive
EDITORS' PICKS
Carnival of Indian Personal Finance Blogs #1
Carnival of Indian Personal Finance Blogs #3
Children’s Saving Account- teaching...
Know all about non-bank fixed deposits
Need of nomination in bank accounts