Author: ifscco

How to Calculate RD An RD is an investment tool provided by banks and other financial institutions that comprise fixed monthly installments for a specific period. In return, the bank offers an interest rate and at the end of the tenure, the investment made is paid back with the interest payable on it. To determine the maturity amount of a Recurring Deposit (RD), the formula considers the monthly installment amount, the interest rate, and the tenure. Formula Used to Calculate RD The RD calculator uses a formula to compute the maturity amount of the recurring deposit. The formula for calculating…

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PPF (Public Provident Fund) is one of the most secure means of investment schemes in India, inclusive of tax exemption on the invested amount and the interest earned. It is not only backed by the Government of India but also ensures a guaranteed rate of returns. This makes PPF a good option for investors who want to avoid or minimise risks while growing their capital. Learn how to calculate PPF to make informed decisions. What is PPF (Public Provident Fund)? PPF is a long-term investment plan that is well-liked by people looking to generate significant but steady returns. The main…

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