Time Deposit / Fixed Deposit / Recurring Deposit and many more Calculators
We have provided here number of Time Deposit (TD) / Fixed Deposit (FD) & Recurring Deposit (RD) along with Crorepati, ELSS, SIP calculators as listed below for our valued visitors to help them in their investments planning. You can calculate online maturity value interest earned etc.
In banks interest on Term or Time Deposits is compounded at quarterly intervals. Usually retirees wants (any depositor can also opts) interest payment at monthly intervals, in this case (monthly intervals) interest is paid at discounted rate and if depositor wants the interest payable at quarterly intervals, the interest is paid without any discounting rate i.e. on the rate the deposit is issued.
List of calculators are provided hereunder: To calculate select it from drop-down list across the Select Calculator
- Fixed or Time Deposit Calculator (Default on page load)- It calculates maturity value of deposit and also displays year wise value of accrued value of deposit at the rate of interest selected over the period /tenure selected
- Recurring Deposit (RD) Calculator - It calculates maturity value of a Recurring Deposit and also displays year wise value of accrued value of deposit at the rate of interest selected over the period /tenure selected
- Deposit Maturity of 400/500/600 days Maturity and Interest Earned calculator - Now a days special interest rate has been offered for deposit of period in such days. Please note that here interest is reinvested after 180 days; i.e. interest is compounded quarterly.
- Deposit Interest Monthly / Quarterly Payment Calculator - Monthly & Quarterly Interest Payable Calculator
In banks interest on Term or Time Deposits is compounded at quarterly intervals. Usually retirees wants (any depositor can also opts) interest payment at monthly intervals, in this case (monthly intervals) interest is paid at discounted rate and if depositor wants the interest payable at quarterly intervals, the interest is paid without any discounting rate i.e. on the rate the deposit is issued.
- Crorepati Calculator - It Calculates what should be your monthly Savings to become a Crorerpati
- Multi Deposits Total Maturity & Face Value - It calculates maturity values of upto 10 deposits at one page and displays total of Maturity Values and Face Value of Deposits
- SIP Calculator - A SIP (Systematic Investment Plan) is investment in mutual fund scheme at regular intervals (say each month) over a set period of time. When the price is low you will get more units and when the price is high you will get less units.
Your returns at the end of period will be the units hold in your account are multiplied with the latest NAV value of that scheme.
TDS on Fixed Deposit ?
If the interest amount for the entire financial year exceeds Rs 40,000 TDS is deducted. Senior Citizens (those above 60) can get up to Rs 50,000 per year in FD interest tax-free and no TDS will be deducted for interest received up to Rs 50,000 per annum.
Rate of TDS ?
1. 10% when the PAN is furnished - In above calculation it is assumed that PAN is updated in Bank records.
2. 20% if the PAN is not provided.
3. No surcharge, education cess shall be added to the above rates. Hence, tax will be deducted at source at the basic rate.
Interest Income Exemption ?
For senior citizens, interest income from SB/RDs/FDs up to Rs 50,000 per annum is exempt under Section 80TTB of Income Tax Act.
Above calculations are based on standard rule for period : Month = year/12 and Quarter = Year/4
More Useful Calculator for you are : 1. Flexi Deposit Calculator 1. Deposit Maturity Value Calculator of Incremental Interest Rates or Period or Both 2. Loan EMI & Loan Repayment Details Calculator 3. Calculate How to be Debt free early (क़र्ज़ मुक्त )
The calculators provided in this section are - Fixed or Time Deposit Matuirty Value Calculator displaying year wise value of accrued interest, Recurring Deposit (RD) Calculator, Crorepati Calculator, Multi Deposits Total Maturity & Face Value, ELSS Return Calculator and SIP Calculator
ELSS Return Calculator - An Equity Linked Savings Scheme (ELSS) is an open-ended Equity Mutual Fund that not only help to save tax, but also gives you an opportunity to grow your money.
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