* Input the monthly deposit in RD, interest rate, interest compounding & period (months)
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AXIS Bank RD Calculator
Recurring Deposits (RD) can be a useful addition to your tax-saving & investment strategy, also, a wonderful way to save money for all your future necessities. Axis bank RD is a trusted scheme that is used for making regular (monthly) investments. Let’s figure out the details of AXIS bank RD calculator. Here:
Axis Bank RD Interest Rates
- Axis bank offers RD interest rates up to 7%
- Interest with Axis Bank RD is compounded quarterly
- For senior citizens – Axis bank offers interest up to 7.50% on RD
Features of Axis Bank RD
- Pre-mature withdrawal of money from the Recurring Deposit is allowed. NOTE: Axis Bank charges a penalty of 1% (on the interest applicable).
- The RD deposit tenure ranges from 6-120 months. You can choose according to your needs & requirements.
- The minimum monthly deposit must be stated in multiples of INR 10.
- Penalty on non-payment is INR 10- INR 1000 monthly.
How to use Axis Bank RD Calculator?
With Gulaq’s Axis bank RD calculator online is the best way to figure out the maturity value.
- Fill-in the details: Monthly deposit, interest rate, interest compounding, period in months.
- The maturity value will be displayed.
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Mutual fund investments are subject to market risks, read all scheme documents carefully.