The Term Deposit calculator gives an indication to the user about the interest which will be earned and total value of deposit at maturity if a particular amount is invested with the bank, over a fixed period of time. It calculates the total amount of the term deposit at the time of maturity. The User can compare different products to choose the one that suits him best.
How to reach here:
Toggle Menu > Accounts > Term Deposits > Overview > TDTerm Deposit is a deposit accepted by bank, for a fixed term, from customers. A term deposit is a liability of a bank with fixed maturity period. Calculator
Field Name |
Description |
---|---|
Amount |
Principal / deposit amount with default currency. |
Frequency |
Tenure in terms of Years / Months / Days. |
Interest |
The rate of interest applicable for the term deposit. |
Results |
|
Total Returns |
The total maturity amount. |
Principal Amount |
The principal component of the maturity amount of the term deposit. |
Interest Earned |
The amount of interest accrued till the maturity date. |
To calculate deposit value at maturity: