Calculate interest on recurring deposits.
Find the future value of a fixed amount saved twice a month. Simply enter the amount, number of semi-monthly payments and expected return rate to calculate the amount saved at the end of tenure with this semi-monthly savings calculator.
As is the case with ordinary annuities, the returns are compounded in line with the savings frequency i.e., semi-monthly.
Sample calculation: Savings of 2000 twice every month for 3 years at 10% per year.
Total Savings: 144000
Amount at the end of the tenure: 168226.55
Disclaimer:- The content of this website does not constitute financial advice and is solely meant for information purpose. The calculations are accurate as per the prescribed formula.