Fixed Deposit Rate Calculator India

The formula for calculating the maturity amount with compound interest is a challenging one to understand and determine.

Fixed deposit rate calculator india. 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. For details on interest rates on fcnr b deposits please click here. For interest of deposits of 1 crore and above please click here. Let us now look at the features and benefits of the sbi fixed deposit calculator.

India post fd calculator online calculate india post fd interest rate using india post fixed deposit calculator 2020. State bank of india is the largest public sector bank in india. The calculator will provide the maturity for deposits of value up to 99 99 999. This fixed deposit calculator fd calculator tells you the maturity value of your invesment principal when compounding of interest is done on a monthly quarterly.

Si simple interest. Use this fixed deposit calculator to figure out how much you can earn from your investments or to get an estimate value of how much you need to. It is one of the most sought after investment options for many as it offers lucrative interest rates. Fixed deposit rates in india for senior citizens earn around 0 25 to 0 75 higher interest as compared to other fd accounts senior citizens can avail loan against their fd accounts premature withdrawals are allowed however a nominal penalty is applicable depending on the amount to be withdrawn tax saving fixed deposit account.

The calculator cannot be used for calculating the maturity value for fcnr deposits. P principal amount invested r rate of interest in t tenure time for which deposit is kept in fd account for example if a sum of rs 10 000 is invested for 3 years at 10 interest rate per annum then at the time of maturity si 10 000 10 3 100 rs 3 000. The sbi fd calculator makes your job easy. 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.

Indian bank fd calculator online calculate indian bank fd interest rate using indian bank fixed deposit calculator 2020. Sbi fixed deposits interest rates. Fixed deposit calculator it helps you calculate the maturity amount and interest earned for any fd account.