.svc-calculator-wrapper {
max-width: 800px;
margin: 0 auto;
font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif;
color: #333;
background: #f9f9f9;
padding: 20px;
border-radius: 8px;
border: 1px solid #e0e0e0;
}
.svc-calc-header {
text-align: center;
background-color: #0056b3;
color: white;
padding: 15px;
border-radius: 8px 8px 0 0;
margin-bottom: 20px;
}
.svc-calc-header h2 {
margin: 0;
font-size: 24px;
}
.svc-input-grid {
display: grid;
grid-template-columns: 1fr 1fr;
gap: 20px;
margin-bottom: 20px;
}
@media (max-width: 600px) {
.svc-input-grid {
grid-template-columns: 1fr;
}
}
.svc-form-group {
margin-bottom: 15px;
}
.svc-form-group label {
display: block;
margin-bottom: 8px;
font-weight: 600;
color: #444;
}
.svc-form-group input, .svc-form-group select {
width: 100%;
padding: 10px;
border: 1px solid #ccc;
border-radius: 4px;
font-size: 16px;
box-sizing: border-box;
}
.svc-form-group input:focus {
border-color: #0056b3;
outline: none;
}
.tenure-group {
display: grid;
grid-template-columns: 1fr 1fr 1fr;
gap: 10px;
}
.svc-btn {
display: block;
width: 100%;
background-color: #d32f2f;
color: white;
border: none;
padding: 15px;
font-size: 18px;
font-weight: bold;
border-radius: 4px;
cursor: pointer;
transition: background 0.3s;
}
.svc-btn:hover {
background-color: #b71c1c;
}
.svc-results {
margin-top: 30px;
background: white;
padding: 20px;
border-radius: 8px;
box-shadow: 0 2px 5px rgba(0,0,0,0.1);
}
.svc-result-row {
display: flex;
justify-content: space-between;
padding: 10px 0;
border-bottom: 1px solid #eee;
}
.svc-result-row:last-child {
border-bottom: none;
font-size: 1.2em;
font-weight: bold;
color: #0056b3;
}
.svc-result-label {
color: #666;
}
.svc-result-value {
font-weight: bold;
}
.svc-article-content {
margin-top: 40px;
line-height: 1.6;
background: white;
padding: 25px;
border-radius: 8px;
border: 1px solid #eee;
}
.svc-article-content h3 {
color: #0056b3;
border-bottom: 2px solid #eee;
padding-bottom: 10px;
}
.svc-article-content h4 {
color: #d32f2f;
margin-top: 20px;
}
.svc-highlight {
background-color: #e3f2fd;
padding: 10px;
border-left: 4px solid #0056b3;
margin: 15px 0;
}
function calculateSVCDetails() {
// 1. Get Inputs
var pInput = document.getElementById('svcPrincipal');
var rInput = document.getElementById('svcRate');
var yInput = document.getElementById('svcYears');
var mInput = document.getElementById('svcMonths');
var dInput = document.getElementById('svcDays');
var cInput = document.getElementById('svcCompounding');
// 2. Parse Values
var principal = parseFloat(pInput.value);
var rate = parseFloat(rInput.value);
var years = parseFloat(yInput.value) || 0;
var months = parseFloat(mInput.value) || 0;
var days = parseFloat(dInput.value) || 0;
var compoundingFreq = parseInt(cInput.value);
// 3. Validation
if (isNaN(principal) || principal <= 0) {
alert("Please enter a valid deposit amount.");
return;
}
if (isNaN(rate) || rate <= 0) {
alert("Please enter a valid interest rate.");
return;
}
if (years === 0 && months === 0 && days === 0) {
alert("Please enter a valid tenure (at least 1 day).");
return;
}
// 4. Calculate total tenure in years (decimal)
var tenureInYears = years + (months / 12) + (days / 365);
var maturityAmount = 0;
var interestEarned = 0;
// 5. Calculation Logic
if (compoundingFreq === 0) {
// Simple Interest Logic (Maturity / Short Term)
// Formula: P + (P * R * T / 100)
interestEarned = (principal * rate * tenureInYears) / 100;
maturityAmount = principal + interestEarned;
} else {
// Compound Interest Logic
// Formula: A = P * (1 + r/(100*n)) ^ (n*t)
var ratePerPeriod = rate / (100 * compoundingFreq);
var totalPeriods = compoundingFreq * tenureInYears;
maturityAmount = principal * Math.pow((1 + ratePerPeriod), totalPeriods);
interestEarned = maturityAmount – principal;
}
// 6. Formatting for Display (Indian Currency Format)
var formatOptions = {
style: 'currency',
currency: 'INR',
maximumFractionDigits: 0
};
// Handle display logic
document.getElementById('svcResultSection').style.display = 'block';
document.getElementById('resPrincipal').innerText = principal.toLocaleString('en-IN', formatOptions);
document.getElementById('resInterest').innerText = interestEarned.toLocaleString('en-IN', formatOptions);
document.getElementById('resMaturity').innerText = maturityAmount.toLocaleString('en-IN', formatOptions);
}
SVC Bank Fixed Deposit Calculator
Quarterly (Standard)
Monthly
Half-Yearly
Yearly
Simple Interest (On Maturity)
Principal Amount:
₹0
Total Interest Earned:
₹0
Maturity Value:
₹0
Understanding SVC Bank Fixed Deposit Rates
The Shamrao Vithal Co-operative (SVC) Bank offers fixed deposit schemes that serve as a secure investment avenue for individuals looking to grow their savings with guaranteed returns. Unlike market-linked instruments, an FD with SVC Bank offers a predetermined interest rate that remains unaffected by market volatility during the tenure of the deposit.
Note on Compounding: Most SVC Bank fixed deposit schemes calculate interest on a quarterly compounding basis. This means the interest you earn every three months is added to your principal, helping your money grow faster over time.
How This Calculator Works
This tool uses the standard compound interest formula applied by Indian banks to estimate your returns. The formula depends on your selected frequency:
- Principal (P): The initial lump sum amount you invest.
- Rate (r): The annual interest rate offered by SVC Bank (varies by tenure and customer category).
- Frequency (n): How often interest is calculated (usually Quarterly, i.e., 4 times a year).
- Time (t): The total duration of the deposit in years.
Formula used: A = P × (1 + r/n)^(n×t)
Benefits of SVC Bank FDs
Investing in an FD with SVC Bank comes with several distinct advantages:
- Senior Citizen Benefit: SVC Bank typically offers an additional interest rate premium (often 0.50%) for senior citizens over standard rates.
- Liquidity: Depositors can avail of loans against their fixed deposits or choose premature withdrawal (subject to penalty) in case of emergencies.
- Flexible Tenure: You can choose investment periods ranging from as short as 7 days to as long as 10 years depending on your financial goals.
- DICGC Cover: As a cooperative bank, deposits up to ₹5 Lakhs are insured by the DICGC, adding a layer of safety to your investment.
Taxation on Fixed Deposits (TDS)
It is important to remember that interest earned on FDs is fully taxable. Banks are required to deduct Tax Deducted at Source (TDS) if the interest income exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). If your total income is below the taxable limit, you can submit Form 15G or 15H to avoid TDS deduction.