The Shriram Finance FD calculator is a free online tool that helps estimate the returns on your fixed deposit investments. This easy-to-use calculator requires minimal information, such as the deposit amount, applicable interest rates, and preferred FD tenure. You can compare potential earnings by selecting an investment option that aligns with your financial goals. The Shriram Finance FD calculator simplifies financial planning and helps you make informed investment decisions.
Here is how to use the Shriram Finance FD calculator:
Enter the amount you wish to deposit
Input the offered interest rate
Select a tenure you're comfortable with
Once you submit these details, the calculator will apply the formula and display an estimated payout at maturity. You can adjust the terms as many times as needed to find the best option that aligns with your financial goals.
Here is an illustration that will better help you understand how an FD calculator works:
If a senior citizen is looking to invest ₹4,00,000 in a fixed deposit with Shriram Finance for a tenure of 5 years at an interest rate of 9.00% p.a., here’s what the payout at maturity would look like:
After entering these details, the calculator will display a total payout of ₹6,15,449 upon maturity. This includes ₹2,15,449 as interest earned, along with the principal amount of ₹4,00,000.