Recurring Deposit Calculator app for iPhone and iPad

4.6 ( 7936 ratings )

Utilities Finance
Developer: Sarath Babu Shanmugam

Free

Current version: 1.5, last update: 7 years ago
First release : 18 Mar 2014
App size: 2.6 Mb

Recurring Deposit is a special type of deposit account which enables a investor particularly in fixed income group to save by paying into the account an agreed fixed sum of money monthly over a stipulated period.
The deposits in this type of account earn compound interest on quarterly basis.
A basic saving plan, which helps you regulate your savings and reap its benefits from time to time.
NO TDS (Tax Deducted at Source) is applicable in these accounts.