Fixed Deposits (FDs) are a reliable and secure investment option offered by Indian Bank, ensuring consistent returns. Whether you’re planning for short-term goals or long-term financial security, the Indian Bank FD Calculator helps you estimate the maturity amount and total interest earned on your deposit in seconds.
Invested Amount: ₹100,000
Maturity Amount: ₹0
Total Interest: ₹0
What is an Indian Bank FD Calculator?
The Indian Bank FD Calculator is an online tool designed to simplify your investment planning. By entering basic details like the principal amount, tenure, and interest rate, you can calculate:
- Maturity Amount: The total amount you will receive at the end of the FD term.
- Total Interest Earned: The returns earned on your investment over the selected tenure.
This tool is tailored specifically for Indian Bank’s FD schemes and takes into account the bank’s latest interest rates and payout options.
How to Use the Indian Bank FD Calculator?
Using the calculator is quick and easy. Just follow these steps:
- Enter the Principal Amount: This is the amount you wish to deposit.
- Select the Interest Rate: Use the latest rates offered by Indian Bank for FDs.
- Choose the Time Period: The tenure for which you plan to keep the FD.
- Pick an Interest Payout Option:
- Reinvestment: Interest is compounded and added to the principal.
- Quarterly/Monthly Payout: Interest is paid at regular intervals.
Click on the “Calculate” button to instantly view the maturity amount and interest earned.
Why Choose an FD with Indian Bank?
Indian Bank offers competitive interest rates, making it a preferred choice for FD investors. Here are some benefits of investing in an Indian Bank FD:
- Flexible Tenure Options: Choose from periods ranging from 7 days to 10 years.
- High Safety: Fixed Deposits are one of the safest investment options with assured returns.
- Senior Citizen Benefits: Higher interest rates for senior citizens.
- Multiple Payout Options: Reinvestment, quarterly, and monthly payout options available.
Indian Bank FD Interest Rates (2025)
| Tenure | Regular Rates (% p.a.) | Senior Citizen Rates (% p.a.) |
|---|---|---|
| 7 days to 45 days | 3.00% | 3.50% |
| 46 days to 90 days | 3.25% | 3.75% |
| 1 year to 2 years | 6.50% | 7.00% |
| 5 years and above | 6.75% | 7.25% |
(Note: Rates are indicative and subject to change. Please verify with Indian Bank for the latest rates.)
Example Calculation Using Indian Bank FD Calculator
Let’s assume you invest ₹1,00,000 for a tenure of 5 years at an interest rate of 6.5% per annum (reinvestment option).
- Invested Amount: ₹1,00,000
- Maturity Amount: ₹1,38,144
- Total Interest Earned: ₹38,144
This shows how your wealth grows steadily with an Indian Bank FD.
Features OF Calculator
- Customizable: Adjust inputs like tenure, rate, and payout options to see real-time results.
- Accurate: Provides precise maturity and interest calculations based on Indian Bank’s rates.
- User-Friendly: Easy-to-use interface suitable for all types of investors.
- Visual Insights: Donut charts display the breakdown of invested amount vs. interest earned.
FAQs
1. Can I use the calculator for tax-saving FDs?
Yes, you can calculate returns on tax-saving FDs with a 5-year lock-in period.
2. Are the results accurate?
The calculator provides accurate estimates, but the actual amount may vary slightly due to compounding rules.
3. How often is interest compounded?
Indian Bank compounds interest quarterly for reinvestment FDs.
4. What is the minimum amount to start an FD with Indian Bank?
The minimum deposit amount is ₹1,000.
Start Planning Your Financial Future Today
The Indian Bank FD Calculator makes it easy to plan your investments and achieve your financial goals. Whether you’re saving for your child’s education, a dream home, or retirement, Fixed Deposits provide a secure path to grow your money.
Calculate now and see how your investment can grow with Indian Bank!