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How to calculate Fixed Deposit (FD) maturity amount?

Fixed Deposit maturity amount can be calculated using the FD Calculator in a simple manner using the below steps:

  • Customer will have to select the Customer Type i.e. Normal or Senior Citizen
  • Select the type of Fixed Deposit i.e. Cumulative or Interest Payout (Quarterly/Monthly) or Short Term FD
  • Enter the amount of FD
  • Enter the required tenure of FD i.e. in combination of Years/Months/Days or in Days only
  • The applicable interest rate, interest amount, maturity date and maturity amount are displayed to the customer.