The FD schemes are excellent investment options for those who have surplus money and want to start investing. If you are planning for a long-term investment with high returns, you can invest in FD after calculating the interest earned on the fixed deposit calculator. *These are indicative numbers and may differ basis the actual number of days considered for calculation To arrive at the calculation, you can use this formulaĬompound Interest (CI) = P = Rs 3,469* for 5 years compounded quarterly, you will get Rs. For example, if you invest Rs 10,000 6% p.a. The compounding method enables you to earn interest on interest, and most banks offer compound interest to attract FDs. Simple Interest (SI) = P (Principal amount) x R (Rate of interest) x T (Tenure) divided by 100 or P x R x T/100įor instance, if you invest Rs 10,000 6% p.a. Under this method, you multiply the principal amount, interest rate and tenure to get the result. There are two methods of calculating interest on a fixed deposit, and they are: If you want to gain more from your investment, you should know how interest on FDs is calculated. The FD amount with cumulative FD interest will be calculated instantly.Fill in the deposit amount and tenure year or tenure days or use the slider to select them.There are four options to choose from - short-term, reinvestment, quarterly payout, or monthly payout. Next, you need to choose the type of deposit.For a senior citizen, the effective interest rate is higher by 0.50 percent. Choose the type of customer, whether you are a regular customer or a senior citizen. Follow these steps to use the FD calculator monthly interest tool: It is a user-friendly tool that consists of input fields that must be filled in for the result to be derived. The IDFC FIRST Bank online FD calculator helps you calculate the interest and accrued amount at maturity.
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