The Term Deposit calculator gives an indication to the customer about the amount that the customer can acquire at maturity, if a specific amount is invested in term deposits at the bank for a fixed period of time. The system calculates the total amount of the term deposit at the end of maturity period. The Customer can choose a term deposit product that suits their needs best among all the deposit products available with the bank.
How to reach here:
Dashboard > My Accounts Widget > Term Deposits > Deposit Calculator
Field Name |
Description |
---|---|
How Much would you like to Deposit |
|
Amount |
Total deposit principal amount with default currency. |
Years/ Months / Days |
The amount of time terms of Years / Months / Days. |
Interest |
The interest rate for which the total amount is to be calculated. |
You get back |
The value of your deposit at maturity. |
To calculate deposit value at maturity: