Deutsche Bank FD Calculator

Here are the key features of fixed deposit schemes offered by Deutsche Bank:

• You can invest in Deutsche bank FD with a minimum amount of ₹20,000

• It offers 4 types of FD schemes, namely regular FD, senior citizen FD, NRI FD, and tax-saver FD

• It provides an overdraft of up to 95% of the fixed deposit

• The minimum overdraft amount is ₹25,000

• Deutsche Bank allows you to invest in an FD online 

Here’s a step-by-step guide to using the Deutsche Bank FD calculator:

• Step 1: Visit the ‘Deutsche Bank FD Calculator’ page 

• Step 2: Select the type of deposit—NRO, NRE, or Indian resident

• Step 3: Enter the deposit amount and the tenor

• Step 4: Select the type of interest payout you need

• Step 5: Provide personal details like name, mobile number, Email ID, etc.

• Step 6: Click on the ‘Calculate Your Earnings’ button

The Deutsche Bank FD rates calculator uses the following formula to calculate the FD maturity amount:

A = P (1 + r/n) ^n*t

where,

• A is the maturity amount

• P means the principal amount

• r the rate of interest

• n stands for the number of times interest gets compounded

• t is the total tenor of the investment

While you can use the formula to calculate your earnings, the manual process can be cumbersome and can lead to errors. You can simply avoid this by using the online Deutsche Bank FD calculator.

To help you understand how easily you can assess your maturity amount, consider an investment of ₹2 Lakhs for a tenor of 5 years. See the table below for a better understanding of the interest earnings at maturity.

Disclaimer: The earnings have been calculated using the Deutsche Bank FD calculator.

All you have to do is enter your payment mode, the investment amount and a chosen tenor to calculate your earnings. On the contrary, calculating these results manually can be time-consuming. 

Plus, you may find it difficult to compare your earnings as you need to tweak the parameters manually before calculating. 

However, computing your earnings through the Deutsche Bank fixed deposit calculator is comparatively simple and easy. Alternatively, you may use the calculator on Bajaj Markets.

Here’s how the Deutsche Bank fixed deposit calculator can be beneficial to you:

• Since it is an automated tool, there is no scope for error

• The Deutsche Bank FD calculator saves you from manually calculating and comparing returns for different tenors

• It is a free online tool that can be accessed at any time and from anywhere

As it is an online tool, you can instantly calculate your earnings and maturity amount. Moreover, with Deutsche Bank offering various FD products, you may find it difficult to pick the right plan.

That’s precisely where the Deutsche Bank FD calculator comes into play. Remember that the interest rate on your deposit depends on two main factors:

• Tenor 

• Interest payout mode

With the help of an online FD calculator, you can easily assess at what tenor you may get higher interest rates. Generally, the interest rate offered increases with tenor. So, using the calculator helps you maximise your earnings by choosing a longer timeline at higher interest rates.