Fixed Deposit (FD) Calculator
Years
Months
Days
The Equitas Small Finance Bank Fixed Deposit Calculator is a must-have tool for anyone seeking to calculate the potential returns on their fixed deposit. This user-friendly calculator allows individuals to determine the maturity amount of their fixed deposits, taking into account various compounding frequencies.
With the help of the Equitas FD Calculator, you can make well-informed financial decisions, compare different options, and strategically plan your investments. It serves as a reliable companion, providing guidance and support in navigating the world of fixed deposits.
Equitas Bank FD Rates
Equitas Small Finance Bank extends budget-friendly fixed-rate choices for domestic, NRO, and NRE deposits up to Rs 2 crore. The table below illustrates the different FD interest rates based on the deposit duration for easy understanding.
| FD Tenure | Interest Rates % (p.a.) | Annualised Yield % (p.a.) |
|---|---|---|
| 7 – 14 days | 3.50% | 3.50% |
| 15 – 29 days | 3.50% | 3.50% |
| 30 – 45 days | 4.00% | 4.00% |
| 46 – 62 days | 4.50% | 4.50% |
| 63 – 90 days | 4.50% | 4.50% |
| 91 – 120 days | 5.25% | 5.25% |
| 121 – 180 days | 5.25% | 5.25% |
| 181 – 210 days | 6.25% | 6.35% |
| 211 – 270 days | 6.25% | 6.35% |
| 271 – 364 days | 6.25% | 6.35% |
| 1 year (365 days) | 8.20% | 8.46% |
| 1 year 1 day | 8.00% | 8.24% |
| 1 year 2 days to 443 days | 8.20% | 8.46% |
| 444 Days | 8.50% | 8.77% |
| 445 Days to 18 Months | 8.20% | 8.46% |
| 18 Months 1 day to 2 years | 7.75% | 7.98% |
| 2 years 1 day to 887 days | 8.00% | 8.24% |
| 888 days | 8.25% | 8.51% |
| 889 days to 3 years | 8.00% | 8.24% |
| 3 years 1 day to 4 years | 7.50% | 7.71% |
| 4 years 1 day to 5 years | 7.25% | 7.45% |
| 5 years 1 day to 10 years | 7.25% | 7.45% |
NOTE – Be sure to check with the bank for the latest rates before investing. Rates are subject to change
How to Use Equitas Small Finance Bank FD Calculator
The Equitas Small Finance Bank FD Calculator simplifies the process of determining the maturity amount, making it efficient and hassle-free. This user-friendly tool empowers you to explore a wide range of investment options that align with your financial preferences and goals.
To make informed decisions, follow these step-by-step instructions for using the Equitas Small Finance Bank FD Calculator:
Step 1: Visit the FD Calculator page.
Step 2: Input the principal amount you intend to invest in the fixed deposit.
Step 3: Choose the desired interest rate and duration for the fixed deposit.
Step 4: Review the results and experiment with different investment scenarios by adjusting the principal amount and tenure.
By utilizing the Equitas Small Finance Bank FD Calculator, you can confidently plan your investments, maximize your returns, and achieve your financial objectives.
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Benefits of Using Equitas Bank FD Calculator
1. Maturity Amount Calculation: The calculator helps you determine the maturity amount of your fixed deposit by taking into account factors such as the invested amount, interest rate, and tenure.
2. Accurate and Quick Results: With just a few inputs, the calculator provides accurate and instant results, saving you time and effort in manual calculations.
3. Comparison of Options: You can use the calculator to compare different fixed deposit options offered by Equitas Small Finance Bank. By adjusting the parameters, you can see how different investment amounts or tenures impact the maturity amount.
4. Financial Planning: The calculator enables you to plan your finances effectively by exploring various scenarios. You can experiment with different interest rates and investment tenures to see which option aligns best with your financial goals.
5. Informed Decision-Making: By using the Equitas Small Finance Bank FD Calculator, you can make informed decisions about your fixed deposit investments based on the projected maturity amounts.
Formula to Calculate Equitas Bank FD Maturity Amount
Choosing Equitas Small Finance Bank Fixed Deposits offers a secure and trustworthy way to grow your savings. To effectively plan your finances, it’s important to understand the potential returns. The Equitas Small Finance Bank FD Calculator simplifies this by effortlessly calculating the maturity amount for you.
Alternatively, if you prefer to compute the maturity amount manually, you can use the following formula:
A = P [(1 + r/n)nt
where,
A = maturity amount,
P = principal amount,
r = annual interest rate,
n = number of times interest is compounded per year,
t = Tenure in years.
Let’s take an example of a fixed deposit of ₹6,00,000 held for three years at Equitas Small Finance Bank. The annual interest rate for this FD is 8%, compounded every quarter. By inputting these values into the equation, we can determine the following:
A = 6,00,000 * [1 + 0.08/4]^(4*3) ]
Calculating the value:
A = 7,60,945
After 3 years, a ₹6,00,000 fixed deposit in Equitas Small Finance Bank, with an 8% annual interest rate compounded quarterly, will grow to around ₹7,60,945.
Equitas Small Finance Bank FD Interest Calculation
In order to make informed financial decisions, it is crucial to have a comprehensive understanding of how interest is calculated on Equitas Small Finance Bank Fixed Deposits. To accurately calculate compound interest, you can rely on the following formula as a valuable tool:
Total Interest = Maturity Amount – Principal Amount
Using the previous calculation, the total interest can be calculated as follows:
Total Interest = ₹7,60,945 – ₹6,00,000
Total Interest = ₹1,60,945
A three-year Fixed Deposit of ₹6,00,000 with Equitas Bank earning 8% annual interest compounded quarterly would yield a total interest of ₹1,60,945.
Also, check Other Small Finance Banks FD Calculators from below:
| Ujjivan Small Finance Bank FD Calculator | AU Bank FD Calculator |
|---|---|
| Fincare Bank FD Calculator | Utkarsh Bank FD Calculator |
| ESAF FD Calculator | – |
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