How much fixed deposit

This will ensure whether the selected investment option will serve the financial goal of the investor at the maturity or not. Calculate the return and interest on your fixed deposit on the maturity of the fixed deposit with our FD calculator.

You need to follow the following steps to get the maturity amount and an estimate of interest earning:. On the basis of the above details provided the online FD calculator calculates the following. By using the target amount approach you can estimate the investment amount you need to achieve the target maturity amount and the wealth i. All you need to do is provide the details of your investment goal as mentioned in the following steps:.

On the basis of the above details, the online FD calculator will provide you with how much you need to invest to receive the desired maturity amount. It also estimates the interest-earning on the investment amount. You can also refer to the Fixed Deposit Investment Graph. This graph provides a visualization of the maturity amount and the wealth gained at the end of the tenure of investment. The report will provide you with the opening balance, interest earned, and closing balance at the end of each payout period.

Investing in any scheme is a decision that you must make only after a thorough analysis and research. The investment scheme must fulfill your investment objectives.

You must use a calculator to know whether the investment scheme fulfills your investment goals or not. This way you will not only make a well-informed decision but also save yourself from any disappointments and surprises. Once you have the financial goal in his mind, he can also decide on which investment option to select. The bank interest rate on the bank fixed deposit is pre-determined at the time of making the investment.

Moreover, it remains constant over the period of investment. The following are a couple of factors that affect the fixed deposit interest rates :. Simple interest is the interest earned on the principal amount invested at the predetermined interest rate during the investment tenure.

Compound interest is the interest earned on the principal amount invested and the interest earned. The interest rate is raised to the number of periods years for which the interest will be compounded and multiplied to the principal amount invested. The maximum and minimum amount to invest in a fixed deposit varies from one bank to another.

However, if an investor wishes to invest above Rs 1 crore, he may ask for a customized interest rate from the bank. The customers can choose to invest their money for a minimum period of 7 days up to a maximum tenure of 10 years. Investments done by them are offered a higher rate of returns than whatever is fixed for a regular fixed deposit. The rate of interest for senior citizens is higher than the interest rate for other citizens.

Yes, the interest amount on a fixed deposit is taxable at the applicable slab rates. A fixed deposit provides interest higher than the interest on the savings account balance. So, it is better to invest in an FD than your money lying in a savings account. However, an investor must also evaluate other investment options that provide a return higher than a fixed deposit.

These other investment options are debt mutual funds, tax saving mutual funds. Note:- Resident customers:. You can use the FD Calculator to calculate interest and maturity amount on the Fixed Deposit as follows:. Fixed Deposit maturity amount can be calculated using the FD Calculator in a simple manner using the below steps:. Interest on Fixed Deposit is calculated on the basis of the tenure of FD and the prevailing interest rate applicable at the time of opening the FD. Interest is calculated as follows:.

ICICI Bank FD Interest Calculator is a simple tool to help customers determine the interest amount they would earn on their investment in deposits basis the amount, tenure and prevailing interest rate.

This can help in the calculation of the returns on their investments. Senior citizens are eligible for an additional rate of 0. Click here for the current interest rates offered for senior citizens. These interest rates are compounded periodically, and the formula supporting the FD interest rates calculator is listed below.

The Bajaj Finance Fixed Deposit interest calculator helps you determine the amount that you will receive on maturity of the deposit along with interest. It also helps you calculate and compare the interest receivable by changing the deposit amount, tenor and Interest payout frequency.

The FD interest rates calculator by Bajaj Finance is very easy to use. You can input the Fixed Deposit amount and tenor to calculate the amount receivable on maturity. It also helps you to calculate both cumulative as well as non-cumulative payouts. Yes, you can get monthly interest payouts, if you choose periodic payouts and select monthly frequency.

When you invest your money in FDs, you gain interest on your principal amount, which can be obtained periodically. Bajaj Finance Fixed Deposit enables you to choose the frequency of your tenor and you can see the returns you can make, by using the FD Calculator.

Using the Fixed Deposit calculator, your monthly interest can be computed easily. However, your interest rate changes based on your interest payout frequency. The more frequently you withdraw your interest, the lesser interest you gain. You can keep checking the Bajaj Finance FD Calculator to compute your returns beforehand, so you can plan your finances in advance. Senior citizens subject to provision of age proof enjoy an additional rate benefit of 0. When using the Bajaj Finance Fixed Deposit Calculator, you may have seen the option for cumulative and non-cumulative payout options, which determine your interest rates and maturity values.

Read on to know more about these schemes:. The scheme will be convenient for an individual who requires a periodic interest payout. This scheme is suitable for an individual, who does not require periodic interest payouts. It is important to determine your own needs before choosing a plan. The Bajaj Finance FD Calculator can help you plan your investments, by forecasting your returns based on the chosen deposit amount, tenor and payout frequency.

Simply provide the following information, and you can easily calculate FD interests. Online FD calculator is used to determine the maturity amount by applying compound interest on a monthly, quarterly, half-yearly or annual basis. Indicative interest rates for calculation only. Click here For latest interest rates for latest rates. The use of any information set out is entirely at the User's own risk. Axis Bank does not undertake any liability or responsibility to update any data.

No claim whether in contract, tort including negligence or otherwise shall arise out of or in connection with the services against Axis Bank. Fixed Deposit, a type of Term Deposit is popular quite a popular investment choice in India due to high interest rate as compared to regular savings account and low risk.

The interest rate is fixed for the whole maturity period and, it's usually considered as an extremely safe investment. The interest rates differ from bank to bank and the interest earned can be calculated Cumulative, Quarterly, Monthly and Standard. Currently, Senior citizens earn approximately 50 to 60 basis points higher rate of interest depending on the tenure chosen.

The Interest earned on a bank FD with a tenure of less than 6 months, is calculated at simple interest and is considered on the number of days. Whereas the interest earned on FDs having a tenure of 6 months and above, is compounded quarterly i. For monthly interest payout option, the interest paid will be calculated at a discounted rate over the standard rate.

In case you chose a quarterly payout option then interest is calculated and paid quarterly.