Indusind Bank FD calculator

The future value of investment will be

Invested Amount

Estimated Return

What is the IndusInd Bank FD calculator?

Fixed deposits have been the go-to investment option over any other financial instrument for an average Indian investor. The primary reason for this preference is the involvement of low-risk investment with guaranteed returns. As fixed deposits are not associated with the stock market performance, they do not expose an investor’s hard-earned income to any unexpected volatilities. Hence, FDs have remained the ideal choice for investors who are not well-versed with the market and wish to limit their risk exposure. Though investing in FDs seems easier, an average investor finds it confusing to calculate the returns on an FD. That said, calculating returns has never been easier with the help of online FD calculators.

The IndusInd Bank which started in April 1994, provides fixed deposit schemes where they offer guaranteed return on investment with competitive benefits so that the investors work for them. They have flexible investment tenures, thereby making it easier for investors to meet their short-term and long-term goals.

How Does an Indusind Bank Fixed Deposit Calculator Work?

Well, calculating the returns on an FD scheme is perhaps the most crucial and interesting aspect for an investor. Interest on FDs is of two types - simple interest and compound interest. While both are used invariably, we often observe that investors either prefer cumulative FDs where the interest is received at maturity along with the principal investment amount, or noncumulative FDs where interest payouts are done periodically, i.e., monthly, quarterly, half-yearly, annually, and the principal amount at maturity.

The IndusInd Bank FD calculator calculates returns on FD and the amount to be received upon maturity based on the consideration of variables like principal investment amount, tenure of investment, and the interest rate offered by the bank.

What is the Indusind Bank FD Calculator Formula?

The FD formula considers three factors - principal amount, interest rate, and tenure.

Here’s the FD formula:

m = p (1 + r/n) ^ nt

Where,

m = the amount you will receive upon maturity
p = the amount you are looking to invest
r = rate of interest
n = frequency of compounding
t = tenure of the deposit

How to Use the IndusInd Bank FD Calculator Online?

Using the online IndusInd Bank FD calculator has never been easier. Here are the steps to follow:

Let us suppose that you want to invest Rs. 1,00,000 in an FD with IndusInd Bank for 2 years. The interest rate is 8% p.a. Considering these values, you can estimate your interest and maturity proceeds using the online IndusInd Bank FD calculator as follows.

Step 1: Visit the IndusInd Bank FD Calculator on Angel One.

Step 2: Enter Rs. 1,00,000 in the "Total Investment" field.

Step 3: Choose the duration of the FD as 2 years.

Step 4: Select the interest rate as 8%.

Step 5: You can instantly view your interest and maturity proceeds. While the estimated interest would be Rs. 17,166, the total maturity amount comes to Rs. 1,17,166.

Benefits of Using an Indusind Bank FD Calculator

Safety is the paramount feature of an FD. Some of the benefits that come with using an FD calculator are:

Fast & Error-Free Calculations:
Online FD calculators provide quick and accurate results. You can use them anytime from your mobile or computer. No matter how many times you calculate, the results remain error-free and instant. It is a free tool that can be used unlimited times.
Know Your Estimated Earnings:
Investors can save time and effort by avoiding manual calculations. The calculator allows you to try multiple tenures, different investment amounts, and varying interest rates to estimate returns easily.
Comparative Analysis:
The FD calculator helps compare different FD schemes, interest rates, and tenures, enabling investors to make informed decisions and choose the best investment option.

Types of IndusInd Bank FD Schemes

Regular Tenure Schemes:
This is a normal fixed deposit offered by the bank with multiple tenure options, starting from a minimum of 7 days. Senior citizens receive an additional 0.50% interest across all FD schemes for deposits up to ₹5 crores.
Recurring Deposits:
IndusInd Bank offers recurring deposits where the tenure is in multiples of months, and the applicable interest rate is the corresponding FD rate. The minimum RD amount is ₹500, and subsequent deposits must be in multiples of ₹100.
Five-Year Tax Saving FD:
The Indus Tax Saver Scheme has a lock-in period of five years and offers tax benefits under Section 80C of the Income Tax Act. Investors can deposit up to ₹2 crores under this scheme.
FCNR / RFC Deposits:
These deposit accounts allow you to hold funds in six currencies — USD, CAD, GBP, EUR, AUD, and JPY — with full repatriation of principal and interest. Deposits of ₹2 crores (or equivalent) and above are accepted at the bank’s discretion.
Non-Callable Deposits:
Premature or partial withdrawals are not allowed for these deposits. The minimum deposit amount required is ₹5 crores or more.

Factors Influencing Indusind Bank FD Earnings

Principal: It is the amount you invest at the beginning. It is vital to understand that a higher investment amount attracts higher interest.
Interest rate: It is the rate that determines how much money you will receive beyond the principal investment amount. It is a given thing that a higher interest rate results in higher earnings.
Tenure: FDs usually have high interest rates for longer tenures, which results in higher earnings.
Compounding frequency: This talks about the frequency or instances interest is calculated on your investment and hence, a higher compounding frequency means higher earnings.
Taxation: As an instrument, FD attracts tax on its interest. So, the tax liability decreases your earnings.
Inflation: FDs have always been unable to provide decent returns that can even meet inflation and if the inflation rate exceeds the FD interest rate, investor’s earnings will wear down.