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Total deposited
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Interest earned
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Total instalments
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Growth on deposits
A DPS is a monthly recurring deposit; interest is compounded monthly. Figures are before any source tax / excise duty the bank may deduct, and assume the rate stays fixed for the whole term.
Frequently Asked Questions
How is a DPS maturity value calculated?
Each monthly deposit earns compound interest until maturity. We use the recurring-deposit formula M = P ร [((1+i)โฟ โ 1) รท i] ร (1+i), where P is the monthly deposit, i is the monthly interest rate and n is the number of months.
Is DPS interest taxed in Bangladesh?
Banks usually deduct source tax on the interest and a yearly excise duty depending on the balance. This calculator shows the gross maturity value before those deductions.
Estimate the maturity value of a monthly DPS (Deposit Pension Scheme) from your deposit, interest rate and tenure.