Bandhan Bank Recurring Deposit Calculator

The Bandhan Bank Recurring Deposit (RD) Calculator is an easy-to-use online tool that helps you calculate the estimated maturity amount of your recurring deposit investments. By simply entering your monthly installment, interest rate, and deposit tenure, the calculator provides an accurate projection of your savings growth. This tool makes it easier for you to plan your finances, compare different investment options, and set realistic savings goals without any hassle.

Benefits of Bandhan Bank Recurring Deposit Calculator

• Easy to Use - Just enter the monthly deposit, tenure, and interest rate to get instant results.

• Saves Time - No need for manual calculations—get quick estimates in seconds.

• Accurate Maturity Estimates - Calculates maturity amount using the standard compound interest formula.

• Financial Planning Made Simple - Helps you plan and set savings goals by visualising the final amount.

• Compare Different Plans - Try different combinations of deposit amounts, tenures, and rates to find the best option.

• Free and Accessible Online - Use it anytime, from any device—mobile, desktop, or tablet—at no cost.

• Zero Errors - Eliminates the chances of mistakes common with manual calculations.

Features of Bandhan Bank Recurring Deposit

• Flexible Installment Amount: Start with as low as Rs 100 and increase in multiples of Rs 1 according to your convenience.
• Account Options: Choose between single or joint accounts, with the facility to add a nominee.
• Passbook Facility: A Convenient passbook is provided for easy tracking and management of your account.
• Flexible Tenure: Select a deposit period ranging from 6 months up to 10 years.
• Overdraft Facility: Available after 3 months of regular deposits, providing easy access to funds when needed.

How to Use Wishfin Bandhan Bank Recurring Deposit Calculator?

Using the Wishfin Bandhan Bank Recurring Deposit Calculator is straightforward. Here’s a quick step-by-step guide:

• Visit the Calculator Page - Go to the Wishfin Bandhan Bank Recurring Deposit Calculator .

• Enter Monthly Deposit Amount - Input the fixed amount you plan to invest every month (starting from ₹100).

• Select RD Tenure - Choose the duration for your Recurring Deposit, from 6 months to 10 years.

• Enter Interest Rate - Input the applicable RD interest rate (as per Bandhan Bank's latest rates).

• Get Instant Results - The calculator will instantly show you the maturity amount and total interest earned at the end of the tenure.

• Try Different Combinations (Optional) - You can adjust the amount, tenure, or rate to compare different scenarios and choose the best plan.

This tool helps you plan your savings smartly without doing complex math.

Formula For Calculating Bandhan Bank Recurring Deposit

The maturity amount of a Bandhan Bank Recurring Deposit (RD) can be calculated using the standard compound interest formula:

A = P × (1 + R/N) ^ (N × T)

Where:

• A = Maturity Amount
• P = Monthly deposit amount
• R = Annual interest rate (in decimal, i.e., 7% = 0.07)
• N = the number of times interest is compounded annually. For recurring deposits, it is typically compounded quarterly, which means N = 4.
• T = Tenure in years

This formula helps you estimate the total amount you'll receive at the end of your RD term, including the interest earned. Bandhan Bank compounds RD interest quarterly, so keep N = 4 for accurate results.

Tip: Instead of calculating manually, you can use the Wishfin Bandhan Bank Recurring Deposit Calculator for instant, error-free results.

Bandhan Bank Recurring Deposit Interest Rates

Notes:

• Interest is calculated daily on the end-of-day clear balance.
• Rates apply incrementally on balance slabs.
• Interest paid quarterly.
• Rates can change without prior notice.

Conclusion

The Bandhan Bank Recurring Deposit Calculator is a user-friendly online tool that makes it easy to estimate the maturity amount of your RD. Whether you're saving for a short-term objective or building long-term wealth, this calculator provides fast, reliable, and precise results without any hassle.  It helps you make informed financial decisions by letting you compare different deposit plans and tenure options. With its ease of use, accessibility, and precision, it’s an essential tool for anyone looking to manage their savings efficiently.