Calculate your Fixed Deposit maturity amount and interest earnings.
Current rates typically range from 3.50% to 7.50%
Quarterly (Standard)
Monthly
Half-Yearly
Yearly
Saraswat Bank FDs usually compound Quarterly.
General Public
Senior Citizen (+0.25-0.50%)
Principal Amount:₹0
Total Interest Earned:₹0
Maturity Value:₹0
Understanding Saraswat Bank Fixed Deposit Rates
Saraswat Co-operative Bank is one of India's leading urban co-operative banks, offering competitive interest rates on Fixed Deposits (FDs). Investing in an FD is a secure way to grow your savings with guaranteed returns unaffected by market fluctuations.
How to Use This Calculator
This tool helps you estimate the returns on your investment based on the current applicable rates. Follow these steps:
Deposit Amount: Enter the total lump sum amount you wish to invest (e.g., ₹1,00,000).
Interest Rate: Input the annual interest rate applicable to your tenure. Check the bank's official website for the latest rates.
Tenure: Specify the duration of your deposit in years and months.
Compounding: Select 'Quarterly' as this is the standard compounding frequency for most Indian bank FDs.
FD Calculation Formula
The calculator uses the standard compound interest formula for cumulative FDs:
A = P * (1 + r/n)^(n*t)
Where: A = Maturity Amount P = Principal Investment r = Annual Interest Rate (in decimals) n = Number of times interest compounds per year (4 for Quarterly) t = Tenure in years
Senior Citizen Benefits
Saraswat Bank typically offers an additional interest rate benefit for Senior Citizens (aged 60 and above). This premium usually ranges from 0.25% to 0.50% over the standard card rate, making FDs an attractive income source for retirees.
Indicative Interest Rate Table (Example)
Tenure
General Public Rate (p.a.)*
Senior Citizen Rate (p.a.)*
1 Year to less than 2 Years
7.00%
7.25%
2 Years to less than 3 Years
7.10%
7.35%
3 Years & Above
7.25%
7.50%
*Note: Rates are subject to change by the bank. Please verify with the official Saraswat Bank branch or website before investing.
Taxation on FD Interest (TDS)
Interest earned on Fixed Deposits is fully taxable. If the interest income exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year, the bank deducts Tax Deducted at Source (TDS). Submitting Form 15G/15H can prevent TDS deduction if your total income is below the taxable limit.
function adjustRateSuggestion() {
// This is a UX helper to remind users about senior citizen rates
var type = document.getElementById('seniorCitizen').value;
var rateInput = document.getElementById('interestRate');
var currentRate = parseFloat(rateInput.value);
// Only adjust if a rate is already entered
if (!isNaN(currentRate) && currentRate > 0) {
if (type === 'senior') {
// Logic: Users often enter the base rate.
// This function is purely optional to prompt user, but let's not auto-change
// values destructively. We will just leave it to the user.
}
}
}
function calculateFD() {
// 1. Get Input Values
var principal = parseFloat(document.getElementById('depositAmount').value);
var ratePercent = parseFloat(document.getElementById('interestRate').value);
var years = parseInt(document.getElementById('tenureYears').value) || 0;
var months = parseInt(document.getElementById('tenureMonths').value) || 0;
var frequency = parseInt(document.getElementById('compoundingFreq').value);
// 2. Validation
if (isNaN(principal) || principal <= 0) {
alert("Please enter a valid Deposit Amount.");
return;
}
if (isNaN(ratePercent) || ratePercent <= 0) {
alert("Please enter a valid Interest Rate.");
return;
}
if (years === 0 && months === 0) {
alert("Please enter a valid Tenure (Years or Months).");
return;
}
// 3. Logic Calculation
// Convert total tenure to years (decimal)
var timeInYears = years + (months / 12);
// Convert rate percentage to decimal
var r = ratePercent / 100;
// Calculate Maturity Amount: A = P * (1 + r/n)^(n*t)
// Math.pow(base, exponent)
var base = 1 + (r / frequency);
var exponent = frequency * timeInYears;
var maturityAmount = principal * Math.pow(base, exponent);
// Calculate Total Interest
var totalInterest = maturityAmount – principal;
// 4. Display Results
// Format to Indian Currency Style
var formatter = new Intl.NumberFormat('en-IN', {
style: 'currency',
currency: 'INR',
maximumFractionDigits: 0
});
document.getElementById('resPrincipal').innerText = formatter.format(principal);
document.getElementById('resInterest').innerText = formatter.format(totalInterest);
document.getElementById('resMaturity').innerText = formatter.format(maturityAmount);
// Show result box
document.getElementById('results').style.display = 'block';
}