Monday, February 2, 2009

Recurring deposits returns Calculator


Calculator : Recurring deposits returns Calculator - Excel
Recurring deposit is one of the ways of saving. Through recurring deposit you invest a fixed amount every month. And after certain number of years, your investment will have grown to a good amount. Suppose if you invest Rs 2000 in a recurring deposit at the beginning of every month for 5 years, and if it gives an interest rate of 10 per cent per annum, compounded monthly then you will accumulate 154874. you should have invested totally 2000*12*5 = 120000.
Here is a simple Recurring deposit returns Calculator in excel format. Its very simple to use. This excel calculator can be downloaded from here

This is the view of the spreadsheet.

Download Recurring deposits returns Calculator - Excel spreadsheet

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Disclaimer: All the information given in this blog is only my ideas and knowledge what I got from internet or other sources. For any interest rate, charges etc check the particular service as the charge might have changed. Regarding the intraday trading tips, this is applicable for that day only and also shouldn't be taken as advice. All the actions taken by you is responsible by you only. Thanks.

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