Yes Bank Recurring Deposit Calculator

The YES Bank Recurring Deposit (RD) Calculator is a digital tool designed to help customers estimate the maturity amount and interest earned on their recurring deposit investment. By entering key details such as the monthly deposit amount, tenure, and interest rate, users can get instant and accurate results.

This calculator is especially useful for individuals who prefer to save systematically each month and want to plan their future finances effectively. It simplifies complex compound interest calculations, enabling users to make informed decisions before opening a Recurring Deposit account with YES Bank.

Benefits of Using the YES Bank Recurring Deposit Calculator

The YES Bank Recurring Deposit Calculator offers several advantages that make financial planning easy and efficient:

• Accessible Anytime, Anywhere - The calculator is available online and can be used across all devices—mobile, tablet, laptop, or desktop—ensuring convenience on the go.

• Completely Free Tool - You don’t have to pay anything to use the calculator. It’s available for unlimited use to help you explore various investment options.

• User-Friendly Interface - Designed with simplicity in mind, the calculator requires only basic inputs, making it easy to use even for first-time investors.

• Accurate and Error-Free - It eliminates the risk of manual calculation errors by using a standard formula for compound interest, ensuring precise maturity estimates.

• Instant Results - The calculator provides quick and reliable outputs, saving time and helping you make fast, informed decisions.

• Enables Comparison and Goal Planning – Experiment with various monthly contributions, interest rates, and durations to evaluate different outcomes and select the most suitable option for your financial objectives.

Key Benefits of YES Bank Recurring Deposit

• Earn Attractive Interest Rates - Enjoy interest rates similar to Fixed Deposits, without needing to invest a lump sum.
• Invest Regularly with Ease - Build your savings systematically by investing a fixed amount every month at FD-like rates.
• Hassle-Free Payments - Set up a convenient monthly standing instruction with a minimum installment of just ₹1,000.
• Exclusive Benefits for Senior Citizens - Senior citizens can earn additional interest of up to 0.75% over standard rates.
• Enjoy flexible investing with Flexi Gain Recurring Deposit – No mandatory monthly installment commitment.

How to Use Wishfin YES Bank Recurring Deposit Calculator?

Looking to plan your savings with YES Bank’s Recurring Deposit? The Wishfin YES Bank  Recurring Deposit Calculator makes it super simple! Here’s how you can use it:

• Step 1: Visit the Calculator Page - Head over to Wishfin’s YES Bank RD calculator. It works smoothly on your phone, tablet, or computer—no downloads needed!
• Step 2: Enter Your Monthly Deposit - Type in the amount you want to save every month. Whether it’s ₹1,000 or ₹10,000, the calculator handles it all.
• Step 3: Choose the Interest Rate - Add the interest rate offered by YES Bank for your selected RD tenure. (Tip: Senior citizens usually get a slightly higher rate.)
• Step 4: Set the Deposit Duration - Pick how long you want to invest—6 months, a year, or up to 10 years. The calculator adjusts everything accordingly.
• Step 5: View Your Result - That’s it! Instantly see how much you’ll save, the total interest you’ll earn, and your final maturity amount. It’s quick, easy, and super clear.

Formula For Calculating YES Bank Recurring Deposit

When you open a Recurring Deposit (RD) with YES Bank, your monthly deposits earn compound interest, which is compounded quarterly. This means interest is calculated every three months on the accumulated balance.

YES Bank Recurring Deposit Compound Interest Formula

The maturity amount is calculated using a standard formula used across the banking industry:

M=R×1−(1+i)−1/3(1+i)n−1​

Where:

• M = Maturity amount (final amount receivable at the end of the RD tenure)
• R = Monthly deposit (installment)
• n = Total number of months (tenure of the RD)
• i = Rate of interest per month = Annual interest rate / (4 × 100) (as interest is compounded quarterly)

Key Points:

• The formula accounts for quarterly compounding.
• Earlier deposits earn more interest because they stay invested longer.
• The same formula powers the YES Bank Recurring Deposit Calculator available online.

YES Bank Recurring Deposit Interest Rates

Here are the latest YES Bank Recurring Deposit Interest Rates for 2025. Go through the table to:

Effective from 21st April, 2025

Important Notes:

• YES Bank reserves the right to revise interest rates at its discretion.
• Senior Citizen rates are applicable only for Resident Individual Deposits.
• YES Bank does not issue passbooks for both Recurring Deposit (RD) and FlexiGain Recurring Deposit accounts.

Conclusion

The YES Bank Recurring Deposit Calculator is a smart and efficient tool that simplifies financial planning by providing instant, accurate maturity value estimates. Whether you're saving for a short-term goal or a long-term investment, the calculator helps you understand how much your deposits will grow over time. With its easy-to-use interface, quick results, and flexibility to compare different deposit amounts and tenures, it empowers you to make informed decisions. It's an ideal companion for anyone looking to maximize returns from a YES Bank Recurring Deposit without the hassle of manual calculations.