Use the Axis Bank FD Calculator to determine the maturity amount for your FD by providing the Invested FD Amount, interest rate (p.a), and tenure details.

₹

%

Maturity Date | : |

Invested Amount | : ₹10,000 |

Interest Amount | : ₹666 |

Maturity Amount | : ₹10666 |

The Axis Bank FD Calculator is a user-friendly digital tool, readily accessible to anyone seeking to estimate potential returns on their **fixed deposits**. It simplifies the process by allowing users to check the FD Maturity amount instantly by providing key details, such as the principal amount, interest rate, and chosen tenure in years.

You can swiftly compute the projected maturity amount using the **Fixed Deposit Calculator**. The tool empowers users, by helping them calculate their FD maturity amount and take a well planned decision. It's a streamlined approach to financial planning, ensuring that one can align their investments with their goals and preferences while maximizing returns.

This online tool employs compound interest computation methods on a quarterly basis to provide an accurate estimation of the maturity amount.

Here is the table with the competitive interest rates offered by Axis Bank, providing a lucrative way for growing your savings securely.

Tenure | Interest Rates for Public | Interest Rates for older adults |
---|---|---|

7 days to 14 days | 3.00% | 3.50% |

15 days to 29 days | 3.00% | 3.50% |

30 days to 45 days | 3.50% | 4.00% |

46 days to 60 days | 4.25% | 4.75% |

61 days <3 months | 4.50% | 5.00% |

3 months <4 months | 4.75% | 5.25% |

4 months <5 months | 4.75% | 5.25% |

6 months <7 months | 5.75% | 6.25% |

7 months <8 months | 5.75% | 6.25% |

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Calculating your Axis Bank FD maturity amount is a breeze with our speedy and efficient FD calculator. Just follow these steps:

**Step1:**Input the investment amount.**Step2:**Enter the interest rate.**Step3:**Specify the tenure in years.**Step4:**The maturity amount & interest earned will be instantly displayed.

The maturity amount of Fixed Deposits can be calculated either manually or using an online calculator. In order to calculate your Axis Bank FD maturity amount, you should input the principal amount, interest rate, and tenure. However, please note the **Axis Bank interest rate for fixed deposit** varies according to the tenure you choose.

Let's begin the calculation assuming a principal amount of ₹100,000, a 5-year tenure, at an interest rate of 7.10%.

Here, the formula to understand your maturity amount will be:

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

Here,

A is the maturity amount,

P is the principal amount,

r is the annual interest rate,

n is the number of times interest is compounded per year,

t is the tenure in years.

**Example:**

Suppose you invest ₹1,00,000 in an Axis Bank FD with an annual interest rate of 7.10%, compounded quarterly for 5 years. Using the formula:

A= ₹100,000 × (1 + 7.10/(4*100))^(4×5)

A ≈ 1,00,000×(1.01775)^20

A ≈ 1,42,175/-

Therefore, the maturity amount for an investment of ₹100,000 in an Axis Bank FD with a 7.10% annual interest rate compounded quarterly over 5 years would be approximately ₹1,42,175/-

To determine the maturity amount of an FD, you can use the Axis Bank FD Rate Calculator. The mathematical formula for calculation is:

For instance, assuming a principal amount of ₹1,00,000, a fixed interest rate of 7.10%, and a 5-year tenure, you can use the Axis Bank FD Rate Calculator to calculate the maturity amount.

Here’s how you calculate the:

**C.I = P {(1 + r/100)^t – 1}**

Here,

C.I represent the compound interest,

P is the principal amount,

r is the annual interest rate, and

t is the tenure in years.

**Example:**

Let's consider an example where you invest ₹100,000 in an Axis FD with an annual interest rate of 7.10% for a tenure of 5 years. Let’s assume that the amound is compounded quarterly. Using the compound interest formula.

C.I = ₹ 100,000 x { (1 + 7.10/(4*100))^(4*5)} − ₹100,000

C.I = ₹ [1,00,000 × 1.4217] − ₹100,000

Calculating the value:

C.I≈ ₹42,175/-

Here, the compound interest earned on the investment over the 5-year tenure would be approximately ₹42,175/-. Understanding the interest calculation helps you gauge the returns on your Axis Fixed Deposit accurately.

Axis Fixed Deposit offers distinct interest rates for domestic customers and Non-Resident Indians (NRIs), catering to their specific financial needs.

FD Scheme | Interest Rates |
---|---|

Axis Bank Digital Fixed Deposit | 5%-6% |

Axis Bank Express Fixed Deposit | 5%-6% |

Axis Bank Tax Saver Fixed Deposit | 6.10%-6.85% |

Axis Bank Fixed Deposit Plus | 6.10%-6.85% |

Axis Bank Regular Fixed Deposit | 3.00%-7.75% |

Axis Bank Auto Fixed Deposit | 3.00-7.10% |

Axis Bank Fixed Deposit Schemes for NRIs | Interest Rates |
---|---|

NRE Rupee Deposit (Below ₹2 crores) | 6.70% |

NRO Rupee Deposit (Below ₹2 crores) | 3.00% |

Foreign Currency Non Resident Deposit (Below 1million USD*) | 5.60% |

NRI - Pro Foreign Currency Deposit (Below ₹2 crores) | 7.45% |

Resident Foreign Currency Term Deposit (Below 1 million) | 5.60% |

One of the major advantages of using an FD calculator is that it helps you to foresee your fixed deposit returns, empowering smarter investment choices and optimizing your savings.

Here is the list of other such benefits of the FD calculator:

**Accurate Projections:**Provides precise and accurate projections of maturity amounts, considering the principal, interest rate, and tenure.**Time Efficiency:**Saves time by swiftly calculating potential returns, avoiding the need for manual and complex calculations.**Informed Decision-making:**Enables informed decisions by showing how different variables affect the maturity amount, aiding in goal alignment and financial planning.**Ease of Use:**User-friendly interface that allows individuals to input their details easily and obtain calculated results effortlessly.**Comparative Analysis:**Facilitates comparison of various FD options by different banks or financial institutions to choose the most beneficial one.**Goal Planning:**Helps align FD investments with specific financial goals by projecting the maturity amount for different investment scenarios.**Scenario Simulation:**Allows users to experiment with different principal amounts, interest rates, and tenures to find the optimal investment strategy.**Flexibility:**Provides flexibility to change inputs and experiment with various combinations to see how they affect returns.

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