The RBL Bank FD calculator is free to use as many times as you like. Compare the payouts you could receive by adjusting different FD terms, such as deposit amount, interest rate, and tenure. This could help you find fixed deposit terms tailored to your financial needs.
Here are some details you need to enter in the FD calculator:
The fixed deposit amount that you are comfortable investing
The FD interest rate offered to you
The tenure for how long you want to invest
Upon submitting these details, the calculator will display results based on your chosen parameters and financial goals.
Here is an example to better understand how it works:
Suppose you invest ₹1,50,000 in an RBL Bank FD at an interest rate of 7.80% p.a. for a tenure of 2 years. Here’s what your payout at maturity would look like:
Fixed Deposit amount: ₹1,50,000
Interest Rate: 7.80% p.a.
- Tenure: 2 years (24 months)
The calculator will display the payout you will receive at maturity, which is approximately ₹1,74,312. This amount includes the total interest earned, i.e. ₹24,312, and the annual interest payout.