Bandhan Bank FD Calculator

• Enter your deposit amount and tenor

The Bandhan Bank FD interest calculator will compute results for the rate of interest and the tenor.

Formula to Calculate Bandhan Bank FD Maturity Amount

Here’s how you can calculate the FD maturity amount manually:

Fixed deposit interest formula is A = P (1 + r/n)^nt

Here,

A = Maturity amount

P = Principal

r = Rate of interest

n = Number of times interest has compounded

t = Total tenor of the investment

The manual process of calculating the FD maturity amount can be error-prone and time-consuming. Hence it is best to use our Bandhan Bank FD calculator.

Example of Bandhan Bank FD Calculation

To understand the manual calculation of the Bandhan Bank FD, here is an example. Consider that a non-senior citizen invests ₹5 Lakhs in a standard Bandhan Bank FD scheme for a tenor of 3 years. The applicable interest rate for this tenor would be 7.25% per annum. 

Based on the formula, P = 5,00,000, r = 0.0725 (7.25%), n = 1, t = 3. The maturity amount will be: 

A = 500000(1 + 0.0725/1)^1*3

A = 500000(1+ 0.0725)3

A = 616824.91

The maturity amount is ₹6,16,824.91, and the interest earnings is ₹1,16,824.91.

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