Deposit Calculator

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.

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Dashboard > My Accounts Widget > Term Deposits > Deposit Calculator

Field Description

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:

In the Amount field, enter the deposit amount.
In the Frequency - Years/ Months / Days fields, enter the relevant information.
In the Interest field, enter the rate of interest to be applied on the deposit. The Deposit Value at maturity appears.

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