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How is interest calculated on recurring deposit accounts in banks

I want to know how the interest is calculated on Recurring deposits made in banks and post offices in india? Also, give a few examples of calculation

Posted by kapil_gupta1 on

  • DLewis
    DLewis May 11, 2010

    It would depend on the institution holding the money. They have the option to offer interest and how to calculate it. Give me the name of the institution in India and I will search for their interest policy.

    For example some banks interest is calculated on the average balance during the month then that is calculated by .05 = 5% interest. However NO interest is offered if the balance in the account falls below a pre-determined dollar amount.

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Recurring deposit interest is calculation may vary depends on compounding period. You have to invest an amount every month interest will be calculated for the current holding in your recurring deposit account. And every compounding period interest amount will be added into holdings or available balance. You can calculate the Recurring deposit using this recurring deposit calculator

Posted on Sep 12, 2011

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It would depend on the institution holding the money. They have the option to offer interest and how to calculate it. Give me the name of the institution in India and I will search for their interest policy.

For example some banks interest is calculated on the average balance during the month then that is calculated by .05 = 5% interest. However NO interest is offered if the balance in the account falls below a pre-determined dollar amount.

Posted on Mar 27, 2009

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1 Answer

What is the method of calculating interest rate for fixed deposit?


Fixed deposit calculations can be done by both manual and automatic methods.Now let us figure out the fd calculation in both ways:
1.) Manual Calculation Technique: It is the conventional process to know your Fixed deposit interest calculation. The formula for manual fd calculation is used as below:

Where,A = Final Amount
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2.) Online Calculator Technique: Nowadays online FD calculator is very amazing technique and it is a very useful online tool that helps you to easily calculate your Fixed deposit return. Online FD calculators uses simple technique in which you need to put your amount, tenure, interest rate and can get accurate results instantly. You can easily calculate and compare the interest receivable by changing the deposit amount.

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