Fixed Deposit Calculator

The guidelines to calculate premature withdrawal of Fixed Deposit are:

• To maximize your interest earnings, keep your deposit until maturity. Withdrawing between 6 months and 1 year incurs a 3% penalty on the interest rate.
• Withdrawals made after 1 year but before the maturity date incurs a 2% penalty on the rate of interest.
• Funds cannot be withdrawn during the initial 3 months of the deposit term.
• Withdrawals made between 3 and 6 months will not receive any interest.

Your fixed deposit grows based on two factors: the interest rate offered and how often that interest is added to your principal (interest payout frequency). This repeated addition of interest, called compounding, can significantly boost your earnings over time.

The formula for fd interest calculator is :

A=P(1+r/n)^n*t,

where A is the maturity amount

P is the principal

r is the rate of interest

t is the number of years

n is compounded interest frequency

Online Fixed Deposit calculator in india is an excellent online tool that allows you to know the exact Fixed Deposit interest rate you earn from your investment in a fixed deposit scheme. It also allows you to know the total maturity value at the end of the investment term.

Using this tool is quite easy and you can do it if you have prior experience or technical expertise. To use our Fixed Deposit rate calculator and compute the maturity value, you just have to follow the below steps –

• Choose the investor type
• Enter the amount you wish to invest
• Choose the investment tenure. It can be between 12 and 60 months
• Select the interest payout period; it can be monthly, quarterly, half-yearly or annually.

It is that simple.

To know the exact FD maturity amount, you can calculate the fd rates manually using the following formula –

M = P (1+r/n) ^ (n * t)

In the above formula,

• M is the maturity amount
• P is the principal amount
• R is the interest rate and
• N is the number of years

Alternatively, you can use the FD calculator. It is an easy-to-use online tool that allows you to do the calculation within seconds and get accurate results. To get the interest amount and maturity value using the FD calculator, you must enter a few details like interest rate, investment tenure and investment amount.

The working of Mahindra Finance fixed deposit interest calculator is the same as the other similar calculators you may have used.

Our calculator has a simple interface and is extremely easy to use. People of all groups can use it even if they have no prior experience. Our FD rate calculator uses the most advanced algorithm to provide accurate and reliable results.

To use the calculator, you just have to enter the following details –

• Investor type – senior citizen or not (senior citizen FD rate is 0.25% higher)
• Investment amount – you can invest any amount from Rs. 5000 to Rs. 25 crore
• Investment tenure – you can choose the period between 12 and 60 months
• Interest payout term – you can choose when you want to receive the interest – monthly, quarterly, half-yearly or annually

At Mahindra Finance, we offer Fixed Deposit for all salaried employees or self-employed individuals. You can start an Fixed Deposit with an amount as small as Rs. 5000. It is the minimum amount required. But it is better to invest a higher amount to suit your capacity; you can invest up to Rs. 25 crore.

The higher the amount you invest, the higher the maturity value. Apart from giving you the flexibility in choosing the investment amount, we also allow you to choose your own investment term. You can invest for 12 or 60 months, i.e., 5 years.

Fixed deposit interest rate calculator in india is an invaluable tool for all who wish to invest in a fixed deposit scheme. It not only helps you know the exact interest you earn from the deposit and the maturity value but also allows you to plan your finance more effectively.

By knowing the exact amount, you get at the end of the deposit term, you can choose to invest more so that you get the desired returns, or you can also reinvest the amount for a few more years till you get the desired amount.

The calculator also tells you how long you need to be invested to get the returns that can meet your goals.

No matter if you are a senior citizen and want to invest in FD, you must be aware that there is no different FD rate calculator. The tool is easy to use and can be used by anyone.

To know the interest earned and the maturity value, you just have to enter a few details the interest rate, the investment tenure, and investment amount. As soon you enter the details, you can see the results within a couple of minutes.

Also, in terms of a different tax-saving FD scheme, there is no such scheme at Mahindra Finance. But we do offer a higher interest rate for senior citizens fd.