3.4 Term Deposit Calculator

This topic describes the information about Term Deposit Calculator screen. User can calculates the total amount of the term deposit at the end of maturity period with this option.

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 3-4 Term Deposit Calculator


    Description of Figure 3-4 follows
    Description of "Figure 3-4 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 3-4 Term Deposit Calculator - Field Description

    Field Name Description
    TD Product The name of the product under which the term deposit is to be opened.
    Currency Currency in which the deposit is to be held.
    Term Deposit Amount (Gross Monthly Income) The customer is required to specify the amount for which the deposit is to be opened.
    Tenure Option to specify tenure in terms of Years / Months / Days.
    Maturity Amount The value of your deposit at maturity.
    Total Interest Displays the calculated amount as interest on the principal amount of deposit.
    Interest Rate (In %) Rate Interest applicable to the TD account to be opened.
    Pie Chart Displays the Principle Amount and Total Interest Amount in percentage (%).
  2. From the TD Product drop-down list, select the term deposit product under which the TD is to be opened.
  3. From the Currency drop-down list, select the desired currency in which the deposit is to be held.
  4. In the Term Deposit Amount (Gross Monthly Income) field, type or drag the slider to enter the deposit amount.
  5. In the Tenure fields, enter the relevant information in the (Years/ Months / Days) fields.
  6. Click Calculate.
    The application calculates and displays the deposit value at maturity.

    Note:

    Click on the Apply Now to open a new term deposit.

Parent topic: Calculators