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 > Term Deposits > Deposit Calculator
Field Description
|
Field Name |
Description |
|---|---|
|
How Much would you like to Deposit |
|
|
Amount |
The 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.