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 a term deposit with the bank for a fixed period of time. The system calculates the total value of the term deposit at the end of the maturity period.
How to reach here:
Dashboard > My Accounts Widget > Term Deposits > Deposit Calculator
Field Name |
Description |
---|---|
How Much would you like to Deposit |
|
Amount |
Total amount that the customer is willing to deposit. |
Frequency: Years/ Months / Days |
The amount of time in years, months and/ or days that the customer is willing to deposit the amount. |
@Interest |
The interest rate to be applied on the deposit. |
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.
- Click
The estimated maturity value of the deposit is displayed.
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