MoneyLens / Deposits
Your deposit, explained.
Recurring deposit · Narmada Recurring Deposit · Narmada Bank Ltd · ••••5520
Illustrative
Recurring deposit · Bank
Receipt5 Nov
Next instalment
₹10,000
on 5 Nov 2026 · 12 of 24 paid
At maturity
₹2,57,658
on 5 Nov 2027
Interest after tax
₹12,361
estimate at a 30% slab
Insured today
₹1,23,790
fully, up to ₹5,00,000
48% of the term run380 days to maturity
A recurring deposit of ₹10,000 a month with Narmada Bank Ltd at 6.80% a year, growing to about ₹2,57,658 by 5 Nov 2027. Bank deposits are insured up to ₹5,00,000 per bank. Interest is taxed at your slab every year it's earned.
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