Fd Interest Rate Calculator

1 00 000 1 10 100 5 1 or rs.

Fd interest rate calculator. By simply providing certain information one can easily calculate fd interests. It is easier and faster compared to manual calculations which can be confusing or even give you the wrong answer. Enter the initial deposit amount. Enter the bank interest rate in percentage.

Fixed deposit maturity amount can be calculated using the fd calculator in a simple manner using the below steps. Fixed deposit calculator is a tool designed to get an estimate about the maturity amount that the investor should expect at the end of a chosen tenure for a specified deposit amount at the applicable rate of interest. For compound interest fd the fd return calculator uses the following formula m p p 1 i 100 t 1 where p is the principal amount. An fd calculator is an online tool that helps you arrive at an accurate and precise figure for the maturity amount of your fixed deposit given the interest rates offered by different banks for different tenures.

The interest rate is fixed for the whole maturity period and it s usually considered as an extremely safe investment. Fixed deposit calculator will help you calculate how much rate of interest you can earn by investing in an fixed deposit for a fixed tenure. It uses the deposit amount fd interest rate and tenure of the fixed deposit to calculate the maturity amount. Normal or senior citizen.

Compare latest fd rates of sbi icici bank hdfc bank and yes bank dec 03 2020 sbi share price jumps 4 after clsa maintains buy rating raises target to rs 360. Maturity amount is the amount one gets at the end of the fd tenure. Fixed deposit is a kind of term deposit with higher interest rate as compared to regular savings account and because of high interest rate and low risk it s quite a popular investment choice in india. Calculate your fd total upon maturity.

Enter the deposit period in months. Fixed deposit interest rates. Simply provide the following information and you can easily calculate fd interests. T is the tenure.

For example if you take the same variables the compound interest fd will accrue m rs. As per the terms conditions of fixed deposit accounts of the bank in case of premature closure of fixed deposit including sweep in partial closure the interest rate will be 1 00 below the contracted rate or the rate applicable for the period the deposit has remained with the bank whichever is lower except for the tenor of 7 14 days. Select the type of fixed deposit i e. Enter the amount of fd.

I is the rate of interest per period. Cumulative or interest payout quarterly monthly or short term fd. Fixed deposit calculator is an online tool that helps you calculate how much rate of interest you can earn by investing in an fd account for a fixed tenure.