What is a DPS calculator?
DPS is the name commonly used in Bangladesh for a regular monthly deposit savings plan. This calculator projects equal monthly instalments. It shows total deposits, gross interest and net maturity. The RD name used on some international calculators refers to a similar recurring-deposit idea, but local product terms can differ.
How monthly deposits grow
Each instalment earns interest for the time it remains invested. The equivalent monthly rate is derived from the selected nominal rate and compounding frequency. Beginning-of-month deposits earn one more month of growth than end-of-month deposits.
For end-of-month deposits, FV = D × ((1+i)^m − 1)/i. At zero interest, FV = D × m. Beginning-of-month deposits multiply that result by (1+i).
A simple DPS example
Depositing ৳5,000 at the end of each month for 12 months with zero interest produces ৳60,000. A positive rate adds growth; withholding and fees reduce the payout. Use the schedule to see how opening balance, monthly contribution and interest produce each closing balance.
Check the institution’s maturity table
A bank may quote a contractual maturity amount with its own accrual dates and rounding. Missed payments, late fees, early encashment, excise duty and account charges are not inferred by this tool. Enter known deductions and compare this projection with the official product schedule before choosing a plan.
Frequently asked questions
Is this the same as an RD calculator?
It is a recurring-deposit model labelled DPS for Bangladesh. Actual product rules still depend on the institution.
Does the result include missed instalments?
No. It assumes every monthly instalment is paid on time.
Can I change the tax rate?
Yes. Enter a withholding percentage on total interest and any fixed deductions. Zero is only the default input.
Methodology: StockView calculation model 3.0. For planning and education; results depend on your inputs. No calculator inputs are submitted by this module.