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.
How to reach here:
Dashboard > My Accounts Widget > Term Deposits > Deposit Calculator
Field Description
|
Field Name |
Description |
|---|---|
|
How Much would you like to Deposit |
|
|
Amount |
Total deposit of principal amount for deposit with default currency. |
|
Frequency - Years/ Months/ Days |
Option to specify tenure in terms of Years / Months / Days. |
|
@Interest |
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.