How can I manage my Recurring Deposits in MProfit?

In this tutorial, we will explain how you manage Recurring Deposits (RD) in MProfit.

Follow the steps below:

Step 1: Login to your MProfit account and click the (+) sign.

Step 2: Select Add Transaction from the drop-down menu. 

Step 3: Type Deposits and select the appropriate Asset Class.

Step 4: Then, click Select. 

Step 5: Now, add Asset Name by clicking the (+) sign.

Step 6: Click the checkbox beside New Asset and then type in the asset name.

Step 7: In the next field, enter the Ref No and click Save.

Step 8: Specify the Interest Rate and the Interest Type.

Step 9: Now, mention the Interest Payment from the drop-down list.

Step 10: Select the Maturity Date and the Lock-in Period for the asset.

Step 11: Select the Date of the transaction.

Enter the Amount and click Save.

Similarly, you can categorize deposit entries as investments based on the selected period.

This is how you can manage Recurring Deposits (RD) in MProfit!