This calculator facilitates you to view complete details of Flexi Deposits issued, Interest return before and after TDS with indicative amount of yearly and quarterly Interest accured / payable and TDS. (Bank deducts TDS if total interest earning on all Fixed Deposits in a Financial Year exceeds Rs. 50000/- of Sr. Citizen and Rs. 10000/- of a person age below 60 years.)
A flexi fixed deposit is a combination of a fixed deposit and a savings account, ensuring customers to get the benefit of high interest rates offered by Fixed Deposits plus liquidity offered in saving accounts.
To Calculate - Auto Sweep Flexi Deposit Amount, Interest, Maturity Value with Interest Earning in Saving Bank Account change the defaults values entered here as per your bank's norms or as per your calculations requirement.
(The width of fields to enter your details will auto increase when you are viewing it horizontally in your MOBILE)
|Select number of rows you require to calculate Your Flexi Linked SB A/c (default selected 6)|
|Opening Balance||Date (as on)|
|Flexi Time (Months)|
(Default selected 12 months)
|A/C Minimum Balance For|
Auto Flexi Deposit be Issued
(Default entered 25000)
|Enter Rate of Interest Payable in Your SB A/C|
(Default selected 3.5)
|Flexi Deposits |
be Issued in Multiple of
(Default selected 1000)
In case Date of Transactions is entered hereunder with the amount of transaction - It will calculate the amount of interest earned on your saving bank balance on the saving bank interest rate entered as above.
The following simple step will help to calculate your saving bank interest and amount of total flexi deposit issued and maturity value of flexi deposits and side by side date wise effective balance (balance available in SB a/c + face value of felxi deposit) with total amount of interest payable on gross flexi deposits issued during the period entered therein and interest return before and after TDS with indicative amount of TDS
This calculator is dividend in two parts - Following five steps are related with auto flexi deposits be issued from your account / interest payable in saving bank account :-
In second part of the calculator you are required to enter in three fields related with date wise account operations for issuance of flexi deposits on reaching the required balance to display total amount of flexi deposits issued / maturity value / effective balance date wise / total interest to be earned on felxi deposits and saving bank deposits for the period of transactions entered.
(In banks when the account balance exceed the amount of minimum balance required for flexi deposit as per your mandate / bank norms the auto flexi be issued. Likewise this calculator will calculate and display the amount of issuance flexi deposit in account and the available balance in saving bank will redcue by this amount and simultaneously the effective balance in your account will be displayed inclusive of this amount.
DisclaimerThe above calculator is only enables users to have tentative and indicative amount of calculations of flexi deposits issued etc. and TDS calculation. Maxutils.com does not make any claim that the calculations provided here are correct calculation in all circumstances and up-to-date. The contents of this site cannot be treated or interpreted as a statement of law. In case, any loss or damage is caused to any person due to his/her treating or interpreting the contents of this site or any part thereof as correct, complete and up-to-date statement of law out of ignorance or otherwise, this site will not be liable in any manner whatsoever for such loss or damage.