18.4 Term Deposit Calculator

This topic provides the systematic instructions for users to calculate the total amount of a term deposit at maturity.

The Term Deposit calculator gives an indication to the user about the maturity amount which will be available, if a particular amount is invested at the bank and left for a fixed period of time. It calculates the total amount of the term deposit at the end of maturity period. The user can choose amongst different products which suits his requirements best.

To calculate deposit value at maturity:

1. Perform anyone of the following navigation to access the Term Deposit Calculator screen.
   • From the Dashboard, click Toggle menu, click Menu, click Accounts, then click Deposits tab, and then click More Actions, and click Term Deposit Calculators.
   • From the Dashboard - Overview widget, click Term Deposits card, then click More Actions, and click Term Deposits Calculators.

   The Term Deposit Calculator screen appears.

   Figure 18-4 Term Deposit Calculator

   
   

   
   Description of "Figure 18-4 Term Deposit Calculator "

   
   

   Note:

   The fields which are marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 18-4 Term Deposit Calculator - Field Description

   Field Name	Description
   Deposit Amount	Total deposit of principal amount for deposit with default currency.
   Deposit Tenure ( Years/ Months / Days	Option to specify tenure in terms of Years / Months / Days.
   Interest Rate (In %)	Interest rate for which the total amount is to be calculated.
   Maturity Amount	The value of your deposit at maturity.

2. In the Deposit Amount field, enter the deposit amount.
3. In the Tenure (Years/ Months / Days) fields, enter the relevant information.
4. In the Interest Rate (In %) field, enter the rate of interest.
5. The application calculates and displays the deposit value at maturity.