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Axis Bank RD Calculator
The Axis RD Calculator is an online tool offered by Axis Bank to help customers calculate the maturity value of their recurring deposit investments. This calculator simplifies the process of determining the future value of your RD by considering the principal amount, interest rate, tenure, and compounding frequency.
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Generate wealth Earn 1 Cr# in maturity with Zero LTCG tax¶ -
Double tax savings^ On premiums (under 80C) and on maturity (under 10(10D)) -
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Axis Bank RD Calculator
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Interest Earned
Maturity Amount
The rate of interest may differ from bank to bank and decided by the bank only. But what if you can calculate Recurring deposit ROI on your own? Yes, it is possible with the help of RD Calculator
What is an Axis Bank RD Calculator?
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Axis Bank offers a Recurring Deposit account that enables individuals to save their hard-earned money by depositing a suitable amount for a pre-defined period of time.
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The Axis RD Calculator is a tool that helps compute the maturity amount of the RD account by simply entering a few basic details of the account holder and the RD account.
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The RD Calculator is easy to use and hassle-free, providing an accurate amount with almost no chance of error.
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Compared to manual calculations, using the RD Calculator is a better option as it saves time and ensures accuracy.
How to Use the Online Axis Bank RD Calculator?
The investor has to follow the below-mentioned simple procedure to calculate Axis Bank RD interest rate returns through the online Axis Bank RD Calculator:
Step 1: Open the Policybazaar Axis Bank RD Calculator
Step 2: Select the following details in the calculator
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Monthly recurring deposit amount
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Tenure of your RD investment
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Valid RD interest rates
Step 3: The Axis Bank Recurring Deposit Calculator will display the following details immediately:
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Total investment during the tenure
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Interest earned on Axis Bank RD interest rates
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Maturity returns
Maximize your investments with our SIP Calculator.
What are the Benefits of Axis RD Calculator?
The main advantages of using an Axis RD Calculator is:
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Saves time and energy compared to manual calculations.
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Easy-to-use tool with 100% accuracy and minimal complexity.
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Enables comparison of interest rates for better decision-making.
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Precisely calculates returns for future planning.
What is Axis Recurring Deposit Interest Formula?
An investor can also compute the maturity value manually with the help of the Yes Bank RD calculation formula mentioned below:
| Maturity value = P [(1 + RN-1)-(N*t) – 1] |
| Here, P = Monthly Deposit Amount R = Rate of Interest N = Total number of quarters in the tenure t = Tenure of the RD in years |
Illustration:
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In order to get the better estimate of RD investments, RD calculator online tool can be used to analyse the RD returns.
Eligibility Criteria of an Axis Bank RD Account
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Indian Resident
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Hindu Undivided Family (HUF)
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Non-Resident Indians (NRIs) with either NRO (Non-Resident Ordinary) or NRE (Non-Resident External) account
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Minor under the guidance of Parents or Legal Guardians
Documents Required
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The Axis Bank Recurring Deposit account application form
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KYC Documentation
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Passport size photographs
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Identification proof
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Address proof
RD (Recurring Deposit) Calculators
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Past 10 Years' annualised returns as on 01-12-2024
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).
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