Jana Small Finance Bank FD Calculator

The FD calculator is an online computational tool that helps estimate your returns. Here are a few parameters that can help you calculate your returns. All you have to do is input values for each variable.

 

However, before using the FD calculator, you need to know the FD rates on offer. This way, you can compare your interest earnings across tenors without any ambiguity. 

 

Know that your FD interest rates vary based to these major factors:

• Type of FD

• Tenor

• Invested amount

 

Generally, longer tenor options have a higher rate, and lead to better returns. For instance, when you book a Jana Small Finance Bank FD for 500 days, you get an interest rate of 8.15% p.a. If you are a senior citizen, you get an additional rate of 0.70% p.a. over the regular rates which makes it 8.85% p.a.

Another crucial factor is the FD type. Here, you get to choose either a cumulative or non-cumulative FD. Suppose you opt for a cumulative or payout at maturity; your interest earnings are higher compared to a non-cumulative FD. 

 

This is because with a cumulative FD, the power of compounding comes into play. Here, your interest is reinvested periodically, and accrues interest as well. At maturity, you get the interest earned along with the principal amount.

 

However, the interest is paid on a regular basis in a non-cumulative FD. This depends on the payout frequency you opt for, such as monthly, quarterly, half-yearly or annually. In such cases, the interest rate applicable is lesser when compared to the cumulative option. 

 

The Jana Small Finance Bank FD calculator helps you compute the right amount based on the applicable interest rates. Understanding the parameters affecting your interest earnings is crucial before you book an FD.

With the Jana Small Finance Bank FD calculator, you can compute your results instantaneously. This helps you save time and avoid errors you may normally come across when calculating manually.

 

Using the Jana Small Finance Bank FD rates calculator is a smart way to get error-free results in an instant! This online digital tool helps you make strategic financial decisions, as it lets you compare various options before zeroing in on a suitable FD scheme. 

 

Simply change the parameters to arrive at the right amount that best aligns with your financial goals. 

 

Assume you want to compare the interest earnings of a regular and senior investor. You may easily calculate them using the Jana Small Finance Bank FD calculator. 

 

With an FD calculator, you don’t have to worry about such issues. 

 

As mentioned, the Jana Small Finance Bank FD rates calculator computes your returns depending on these parameters.

• Applicable interest rates, according to FD rates prescribed by Jana Small Finance Bank

• Investment  amount

• Tenor

• Type of fixed deposit

• Investor type (senior citizen or non-senior citizen) 

 

While higher interest rates can increase your earnings, a higher investment amount also aids in maximising your returns. Whether you opt for a cumulative or a non-cumulative FD type also has a say in your interest earnings. 

The FD calculator of Jana Small Finance Bank calculates your interest earnings using certain formulae. Here is a detailed view of the formulae using which your FD calculations become easy. 

• Simple Interest Formula

M = P + (P x r x t/100)

Here, ‘M’ indicates the maturity amount, ‘P’ stands for the principal deposit amount, ‘r’ for the interest rate and ‘t’ for the tenor of your fixed deposit. 

 

To help you understand the formula better, consider the following hypothetical example:

 

P = ₹2 Lakhs

T = 5 years

r = 10% 

M = 2,00,000 + (2,00,000 x 10 x 5/100)

M = ₹2,50,000 or ₹2.5 Lakhs

• Compound Interest Formula

M = P + P [(1 + r/100) ^(t) - 1] 

Substituting the same values and assuming the FD has a non-cumulative payout mode, here are the values you get:

 

P = ₹2 Lakhs

T = 5 years

r = 10% 

Here, M = ₹2,61,000 or ₹2.61 Lakhs

Using an online FD calculator helps you compare returns quickly. You can use the Jana Small Finance Bank FD calculator to compare your returns across tenors at different interest rates. 

 

Assume an investment amount of ₹5 Lakhs for various tenors at applicable Jana Small Finance Bank FD rates.

Disclaimer: Returns mentioned are subject to change as per the latest rates on offer.Tax/TDS implications are not considered while displaying the returns by the calculator. The returns computed by this calculator is only on FDs with cumulative interest option which is held till maturity.

 

Considering the same example of ₹5 Lakhs for a senior citizen investor, here is a look at your returns. 

Disclaimer: Returns mentioned are subject to change as per the latest rates on offer.Tax/TDS implications are not considered while displaying the returns by the calculator. The returns computed by this calculator is only on FDs with cumulative interest option which is held till maturity.

 

This way, you can easily compare your returns and choose the FD terms that best suit your financial requirements.

Here is a detailed breakdown of how your interest will compound across years using the Jana Small Finance Bank FD rates calculator. 

 

Consider an investment of ₹2 Lakhs by both senior and non-senior citizens. The maturity amounts for the same as per the applicable interest rates are as follows. 

Disclaimer: Returns mentioned are subject to change as per the latest rates on offer.Tax/TDS implications are not considered while displaying the returns by the calculator. The returns computed by this calculator is only on FDs with cumulative interest option which is held till maturity.

Here are some unique advantages of using this online FD calculator:

• Provides error-free results instantly

• Helps you compare FD rates across tenors

• You can avoid doing the cumbersome manual calculations

• Helps you choose the right FD plan to grow your investment corpus

 

Alternatively, you may use the FD calculator at Bajaj Markets to compute your FD earnings and choose a suitable plan.