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IDFC Bank FD Calculator

Updated 06 Dec 2023

IDFC Bank is a leading private sector bank in India, providing a wide range of financial products and services. One of the popular products offered by IDFC Bank is Fixed Deposit (FD) accounts which of...Read More
₹1,00,000
1 year 1 day– 550 days
7 – 14 days15 – 29 days30 – 45 days46 – 90 days91 – 180 days181 days – 1 year1 year 1 day– 550 days551 days – 2 years2 years-1 day – 749 days750 days751 days – 3 years3 years 1 day – 5 years5 year 1 day - 10 years
7.5 %
Yes
No
Invst. Amount
Estd. Returns
Investment Amount
₹1,00,000
Estimated Returns
₹7,521
Maturity Amount
₹1,07,521

What is a Fixed Deposit Calculator?

A Fixed Deposit Calculator is a financial tool that calculates the maturity amount of your fixed deposit investment. It takes into account the principal amount, interest rate, and tenure to estimate the total amount you will receive at the end of the investment period.

How to Use the Fixed Deposit Calculator

Using the Fixed deposit Calculator is super simple. All you need to do is enter the following information:

 

Principal amount: The amount you wish to deposit in a fixed deposit.

Interest rate: The rate of interest offered by the bank or financial institution

Tenure: The time duration (number of months or years) you want to deposit your money for.

 

Once you have entered this information, the calculator will automatically calculate the maturity amount, which is the total amount you will receive at the end of the tenure, including the interest earned.

Features of the Fixed Deposit Calculator

User-friendly interface: Our Fixed deposit Calculator has a clean and simple interface that is easy to use for everyone. 
Accurate results: The calculator uses up-to-date interest rates and other relevant information to provide accurate and reliable results.
Mobile responsiveness: The calculator is designed to work on all devices, including smartphones and tablets, so that you can use it on any device you wish to. 
Shareable results: You can easily share your results on social media and other platforms, making it easy to compare different investment options and get feedback from friends and family.

Benefits of Using a Fixed deposit Calculator

Save time: With our Fixed deposit Calculator, you can quickly and easily estimate the maturity amount of your fixed deposit without the need for manual calculations or research.
Make informed decisions: By using the FD calculator to compare different investment options, you can make more informed decisions about where to invest your money and achieve your financial goals.
Track your progress: The FD calculator provides a clear and concise summary of your investment, making it easy to track your progress and monitor your returns over time.

Can the inputs be changed in a Fixed Deposit Calculator?

Yes, Wint Wealth’s Fixed Deposit Calculators allow you to change the inputs and see the updated results in real-time. This makes it easy to experiment with different scenarios and determine the best investment option for your needs.

Why Make a Fixed Deposit (FD) Investment?

Fixed Deposit interest rates booked at the time of account opening stay the same until maturity, regardless of any changes to the banks' FD card rates in the intervening period. For instance, if someone opens a 2-year fixed deposit with a bank at 7% annual interest, the interest rate will stay the same through the end of the 2-year term.

This provides FDs with a high level of income predictability that is even better than what is provided by the majority of small savings plans.

FAQs

How does the tenure affect the maturity amount in a Fixed Deposit Calculator?

Tenure is one of the key factors that affect the maturity amount in a Fixed Deposit Calculator. A longer tenure generally results in a higher maturity amount, as it allows for more time for interest to accrue.

How does the interest rate affect a fixed deposit calculator's maturity amount?

The interest rate is another key factor affecting a fixed deposit calculator's maturity amount. A higher interest rate will result in a higher maturity amount, representing a higher rate of return on your investment.

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Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.

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Earn upto 8.35% interest by investing in FDs with Wint Wealth.

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