Yes Bank RD Calculator

Yes Bank RD Calculator is an online tool that helps investors to calculate their potential returns from investing in a recurring deposit scheme offered by Yes Bank. Recurring deposits are a popular investment option for people who want to save money regularly and earn a fixed rate of interest on their savings. Yes Bank offers various recurring deposit schemes that cater to the different needs of investors.

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Investment Plans

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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Insurance Partners

4.2 Crore

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Top performing plans with High Returns^**

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We are rated^~

7.7 Crore

Registered Consumer

50

Insurance Partners

4.2 Crore

Policies Sold

Disclaimer: #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 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Yes Bank RD Calculator

Monthly Investment

₹500 ₹1L

Enter Monthly Investment

Rate of Interest (Yearly)

1% 10%

Rate of Interest (Yearly)

Time Period

1 Year 10 Years

Enter Time Period

Total Investment

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

Yes Bank RD Calculator

Yes Bank RD Calculator helps in the computation of the maturity amount just by entering a few basic details of the RD account and the account holder. RD Calculator is hands-down easy to use and hassle-free when compared to manual calculations as it reflects the accurate amount with almost no chance of error.

As the RD interest rate remains constant throughout the tenure, calculation of RD maturity amount becomes less complicated compared to other investment instruments.

Why is it Important to Use Yes Bank Recurring Deposit Calculator?

Yes Bank Recurring Deposit Calculator is a tool that helps you calculate the maturity value of your investment.
It takes into account various factors such as the deposit amount, tenure, interest rate, and frequency of deposit.
Using a RD calculator can help you plan your investment better and make informed decisions.
It enables you to compare the returns of different RD schemes and choose the one that best suits your financial goals.
It allows you to adjust the deposit amount, tenure, and frequency to see how it affects your returns, and make changes accordingly.
Using the Yes Bank RD calculator saves you time and effort and provides you with a quick and reliable estimate of your investment's returns.
It helps you avoid the tedious task of manually calculating the maturity value of your investment, which may lead to errors.
By using the Yes Bank RD calculator, you can make informed investment decisions, plan your finances, and achieve your financial goals.

How to Use the Online Yes Bank RD Calculator?

The investor has to follow the below-mentioned simple procedure to calculate Yes Bank RD interest rate returns through the online Yes Bank RD Calculator:

Step 1: Open the Policybazaar Yes Bank RD Calculator

Step 2: Select the following details in the calculator

Monthly recurring deposit amount
Tenure of your RD investment
Valid RD interest rates

Step 3: The Yes Bank Recurring Deposit Calculator will display the following details immediately:

Total investment during the tenure
Interest earned on Yes Bank RD interest rates
Maturity returns

Benefits of Yes Bank RD Calculator

The main advantages of using a Yes Bank RD Calculator is:

Saves time and energy compared to manual calculations
Easy-to-use tool with few complications
Guarantees accuracy
Easy comparison of interest rates between banks for better decision-making

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:

If you deposit Rs. 1,000 monthly in Yes Bank RD
For a period of 10 years
At a Yes Bank RD interest rate of 10% p.a.
Maturity amount = 1,000 X [(1 + 10) X 40 – 1] / 1 – (1 + 10) (-1/3)
Maturity amount = Rs. 2,06,552

Eligibility Criteria for a Yes Bank RD Account

Individuals
Indian residents
Hindu Undivided Family (HUF)

It is important to note that the above-mentioned categories are eligible only if they have an active savings account with Yes Bank.

Document Required to Open Yes Bank RD Account

The Yes Bank Recurring Deposit account application form
PAN Card copies
KYC Documentation
Passport size photographs
Identification proof
Address proof
Other relevant documents

FAQ's

What are the Yes Bank RD Interest Rates?

Recurring Deposit Interest Rates:

Period	Interest Rate (per annum)	Senior Citizen Rates (per annum)
6 Months	4.75%	5.25%
9 Months	5.00%	5.50%
12 Months	5.75%	6.25%
15 Months	5.75%	6.25%
18 Months	6.00%	6.50%
21 Months	6.00%	6.50%
24 Months	6.00%	6.50%
27 Months	6.00%	6.50%
30 Months	6.00%	6.50%
33 Months	6.00%	6.50%
36 Months	6.25%	7.00%
60 Months upto 120 Months	6.25%	7.00%

What is the rate of RD for 2 years?

The RD interest rates for a tenure of 2 years are as follows:

Bank Name	RD Interest Rates for General Public
State Bank of India (SBI)	7.00%
Punjab National Bank (PNB)	5.10%
Post Office RD	6.20%
ICICI Bank	7.10%
HDFC Bank	7.00%
Axis Bank	7.20%

Do I need to create an account to use the Yes Bank RD Calculator?

No, you do not need to create an account to use the Yes Bank RD Calculator. It is a free and publicly available tool that can be used by anyone.

RD (Recurring Deposit) Calculators

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†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 01-11-2024

^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).