Idfc Fd Rates Calculator

by

IDFC FIRST Bank FD Calculator

Calculate your maturity amount and interest earnings accurately

Years
Months
Quarterly (Standard) Monthly Half-Yearly Annually

Total Interest Earned

₹0

Maturity Amount

₹0

function calculateIDFCFD() { var p = parseFloat(document.getElementById('fd_principal').value); var r = parseFloat(document.getElementById('fd_rate').value); var y = parseFloat(document.getElementById('fd_years').value) || 0; var m = parseFloat(document.getElementById('fd_months').value) || 0; var n = parseFloat(document.getElementById('fd_compounding').value); if (isNaN(p) || isNaN(r) || (y === 0 && m === 0)) { alert("Please enter valid investment details."); return; } // Convert total tenure to years var t = y + (m / 12); // Formula for Compound Interest: A = P(1 + r/n)^(n*t) var rateDecimal = r / 100; var maturityAmount = p * Math.pow((1 + (rateDecimal / n)), (n * t)); var totalInterest = maturityAmount – p; document.getElementById('res_interest').innerText = "₹" + totalInterest.toLocaleString('en-IN', {maximumFractionDigits: 0}); document.getElementById('res_maturity').innerText = "₹" + maturityAmount.toLocaleString('en-IN', {maximumFractionDigits: 0}); document.getElementById('fd_results').style.display = 'block'; }

How to Use the IDFC FD Rates Calculator

Planning your savings with IDFC FIRST Bank requires precision. This calculator helps you estimate the returns on your Fixed Deposit based on the latest interest rates offered by the bank. Whether you are looking for short-term liquidity or long-term wealth creation, understanding your maturity value is crucial.

Steps to Calculate Your Returns

  • Principal Amount: Enter the sum you wish to invest (e.g., ₹1,00,000).
  • Interest Rate: Input the current IDFC FD rate. As of recent updates, IDFC offers competitive rates ranging from 3.00% to 7.50% depending on tenure. Senior citizens usually get an additional 0.50%.
  • Tenure: Specify how long you want to keep the money locked in (Years and Months).
  • Compounding Frequency: IDFC typically follows a quarterly compounding cycle for FDs longer than 6 months.

Example Calculation

If you invest ₹2,00,000 at an interest rate of 7.25% for a tenure of 3 years with quarterly compounding:

Principal Amount ₹2,00,000
Tenure 3 Years
Interest Rate 7.25% p.a.
Maturity Value ₹2,48,111
Total Interest ₹48,111

Why Choose IDFC FIRST Bank FDs?

IDFC FIRST Bank is known for offering some of the highest interest rates in the private banking sector. Features include:

  • Monthly Interest Payouts: Option to receive regular income.
  • Senior Citizen Benefits: Higher yields for individuals above 60 years.
  • Digital Process: Open an FD instantly via the mobile app or net banking.
  • Safety: Regulated by RBI and covered under DICGC insurance up to ₹5 Lakh.

Note: Fixed Deposit rates are subject to change. Always verify the current rates on the official IDFC FIRST Bank website before investing. This calculator provides an estimate based on mathematical formulas.

Leave a Comment