TD Calculator

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 at the bank over a fixed period of time. It calculates the total amount of the term deposit at the end of maturity. The User can compare different products to choose which suits best to them for opening a term deposit with the bank.

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Dashboard > 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 Description

Field Name	Description
Amount	Total deposit principal amount for deposit with default currency.
Frequency	Tenure in terms of Years / Months / Days.
Interest	The rate of interest applicable for the term deposit for which the total amount is to be calculated.
Results
Total Returns	The total maturity amount.
Principal Amount	The principal deposit amount of the term deposit.
Interest Earned	The amount of interest accrued till the maturity date.

To calculate deposit value at maturity:

In the Amount field, enter the deposit amount.
In the Frequency field, enter the relevant information years, months, and days.
In the Interest field, enter the rate of interest.
To calculate the total maturity amount, click Calculate.
The Total Returns, Principal Amount, and Interest Earned appears. Click Backto go to previous screen.

FAQs

Am I eligible to invest in a Term Deposit?

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