# BNB Recurring Deposit Calculator

Bhutan National Bank (BNB) is a limited bank in Bhutan. The bank offers various financial services to the people of Bhutan. This is an online BNB recurring deposit calculator to calculate the maturity amount gained through the Bhutan National Bank RD method. Recurring Deposit (RD) is a special kind of Term Deposit offered by banks for customers to earn interest on their investments. You can gain profit on this investment based on the interest rates provided by banks.

## Bhutan National Bank RD Calculation

Code to add this calci to your website

#### Formula :

M = P x ( 1 + R / N ) ^{Nt}

**Where,**
M = Maturity value
P = Monthly Installment
R = Interest rate/100
N = compounding frequency
t = Time duration in years

#### Example

**A person invests 1000 Nu initially for 36 months compounding annually at a interest rate of 7.5 %. What is the Bhutan National Bank RD Maturity Amount. **

=1000 x (1 +( 7.5/100)/1)^{1*(36/12)}

=40325

Hence, BNB Recurring Deposit Maturity Amount is40325 Nu