The future value of investment will be
0
Invested Amount
Estimated Return
A fixed deposit is a fixed-income investment whose returns can be estimated well in advance. While you can calculate the returns manually, human errors are possible. However, an online FD calculator can give quick and accurate results, making planning for your goals convenient. The Yes Bank FD calculator can help estimate the interest and maturity amount even before opening an FD account.
By comparing estimated returns on varied terms of an FD, you can choose the best option that suits your needs.
A fixed deposit calculator works based on the compound interest formula. It considers variables like the principal, tenure, and interest rate offered by the bank to calculate the interest and total amount receivable on maturity
The Yes Bank FD calculator formula depends on the type of interest that the bank is offering on your deposit. Generally, FD interest is calculated on a compounding basis. The formula for this method is:
Maturity Amount=p (1+r/n)^nt
Where,
p = Principal amount
t = Time Period
n = Frequency of compounding in each time period
r = Rate of Interest
Using the online Yes Bank FD calculator is easy and swift. Here are the steps to follow:
Let’s suppose you want to invest Rs. 20,00 in a fixed deposit with Yes Bank for 2 years. The interest rate is 5% p.a. Considering these values, you can estimate your interest and maturity proceeds using the online Yes Bank FD calculator as follows.
Step 1: Visit the Yes Bank FD Calculator on Angel One.
Step 2: Enter Rs. 20,000 in the "Total Investment" field.
Step 3: Choose the duration of the FD as 2 years.
Step 4: Select the interest rate as 5%.
Step 5: Instantly view your interest and maturity proceeds. While the estimated interest is Rs. 2,090, the total maturity amount will be Rs. Rs. 22,090.
The online Yes Bank FD calculator is an online tool that helps investors ascertain their estimated interest earnings and maturity amount on their FD investments with the bank. You can also use this tool to compare various FD investment options to choose the best one for your goals.
Using the Yes Bank FD calculator online is simple. All you have to do is enter the basic details like principal amount, expected interest rate, and tenure. Once you do this, the calculator gives the results in no time.
Yes. The calculator is free to use. You can use it anytime and from anywhere using a mobile or desktop.
The interest rate on FDs for senior citizens differs from bank to bank. As a general rule, the interest rate is higher than the regular rates by a few basis points.
The minimum investment varies across financial institutions offering the fixed deposit. While some offer deposits of a few hundred rupees, others require you to invest thousands.
Yes. To get monthly interest on a fixed deposit, you will have to select the non-cumulative interest and monthly payout option.
You can do it manually using the compound interest formula or an online FD calculator. The latter is an easy and quick way to get accurate results.
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