Indusind Bank FD Calculator

Fixed deposits have been the go-to investment option over any other financial instrument for an average Indian investor. The primary reason for this preference is the involvement of low-risk investment with guaranteed returns. As fixed deposits are not associated with the stock market performance, they do not expose an investor’s hard-earned income to any unexpected volatilities. Hence, FDs have remained the ideal choice for investors who are not well-versed with the market and wish to limit their risk exposure. Though investing in FDs seems easier, an average investor finds it confusing to calculate the returns on an FD. That said, calculating returns has never been easier with the help of online FD calculators.

The IndusInd Bank which started in April 1994, provides fixed deposit schemes where they offer guaranteed return on investment with competitive benefits so that the investors work for them. They have flexible investment tenures, thereby making it easier for investors to meet their short-term and long-term goals.

Using the online IndusInd Bank FD calculator has never been easier. Here are the steps to follow:

Let us suppose that you want to invest Rs. 1,00,000 in an FD with IndusInd Bank for 2 years. The interest rate is 8% p.a. Considering these values, you can estimate your interest and maturity proceeds using the online IndusInd Bank FD calculator as follows.

Step 1: Visit the IndusInd Bank FD Calculator on Angel One.

Step 2: Enter Rs. 1,00,000 in the "Total Investment" field.

Step 3: Choose the duration of the FD as 2 years.

Step 4: Select the interest rate as 8%.

Step 5: You can instantly view your interest and maturity proceeds. While the estimated interest would be Rs. 17,166, the total maturity amount comes to Rs. 1,17,166.

Safety is the paramount feature of an FD. Some of the benefits that come with using an FD calculator are:

1. Fast, error-free math:
   Online FD calculators facilitate error-free calculations. You can do it from the comfort of your home using a mobile device or computer. Regardless of the number of times you calculate, it will always result in error-free calculations, and it takes a second to get desired output. It’s a free tool that can be used many times.


2. Know estimated earnings:
   As an investor, you can save time and efforts involved in manual calculations by opting for the calculator using multiple tenures, different amounts, and various interest rates.


3. Comparative Analysis:
   The FD calculator enables ease of calculations on your investment within different types of FD schemes as well as other variations in interest and tenure, allowing the investor to make an informed decision on which FD scheme to choose from the available offerings.

1. Regular Tenure Schemes:
   This is the normal FD offered by the bank - where it has multiple durations with the least one starting from 7 days. Senior citizens receive an additional 0.50% across all FD schemes with different tenures and up to 5 crores.


2. Recurring Deposits:
   The IndusInd bank allows recurring deposits where the tenure of RD is in multiples of months and the corresponding rate of FD will be applicable. The minimum value of RD is Rs 500 and thereafter in multiples of 100.


3. Five-Year Tax Saving FD:
   The Indus Tax Saver Scheme (5 years) allows you to save taxes under Section 80C of the Income Tax Act. It has a five-year lock-in period. Currently, an investor can deposit an amount up to 2 crores only under this scheme.


4. FCNR/RFC Deposits:
   The IndusInd FCNR/RFC deposit accounts will allow you to hold money in six different currencies such as USD, CAD, GBP, EUR, AUD, and JPY, and repatriate the principal and interest. Any high value of Rs 2 Crs (or equivalent) & above shall be accepted at the sole discretion of the bank.


5. Non-Callable Deposits:
   No premature or partial withdrawals are allowed in case of such deposits where the minimum deposit amount is Rs. 5 crores or more.

1. Principal: It is the amount you invest at the beginning. It is vital to understand that a higher investment amount attracts higher interest.


2. Interest rate: It is the rate that determines how much money you will receive beyond the principal investment amount. It is a given thing that a higher interest rate results in higher earnings.


3. Tenure: FDs usually have high interest rates for longer tenures, which results in higher earnings.


4. Compounding frequency: This talks about the frequency or instances interest is calculated on your investment and hence, a higher compounding frequency means higher earnings.


5. Taxation: As an instrument, FD attracts tax on its interest. So, the tax liability decreases your earnings.


6. Inflation: FDs have always been unable to provide decent returns that can even meet inflation and if the inflation rate exceeds the FD interest rate, investor’s earnings will wear down.