# What is the Formula for Calculating Recurring Deposit?

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check the finanace calculator of banks online.

First find the total principle per month.

Formula- P[ n/2 (n+1)]

Then find the interest.

Formula- Total Principle calculated X rate/100 X 1/12

Then calculate the amount.

Formula- P X n + interest calculated

Here P stands for money deposited per month and n stands for no. of months!