RBL Fixed Deposit Calculator

If you want a low-risk type of investment with assured returns, a fixed deposit is your ideal option. With attractive interest rates, you can start growing your money in a safe way. RBL bank offers a plethora of financial services to its customers. One of the most popular schemes offered by RBL bank is a fixed deposit. That’s not all. You can also calculate the returns from your investment beforehand by using the RBL FD calculator.

In this article, we will talk about the benefits of using the RBL bank FD calculator and how to use it. Before we get into that, let’s first understand the features of a fixed deposit offered by RBL bank.

Mentioned below are the features of fixed deposit in RBL bank:

• If you are an RBL bank account holder, you can start the fixed deposit through net banking

• You can choose to receive the interest income either monthly, quarterly or keep it invested till maturity

• The tenor of fixed deposit at RBL bank ranges between 7 days to 20 years

• You can also avail the nomination facility on a fixed deposit

• Premature withdrawal of fixed deposit can also be done in RBL bank

• You can also avail the overdraft against the term deposit facility

The RBL fixed deposit calculator is very user-friendly and easy to use. You just have to enter the basic details of your FD like amount, tenor, type of FD, etc. in the RBL bank FD rates calculator and the entire break up of your maturity amount and earned interest income will be shown on the screen. Given below is a step-by-step guide on how to use the RBL FD calculator.

• Step 1: Go to the official website of the RBL bank and look for the link of FD calculator RBL or visit the link, https://www.rblbank.com/RblCalculator/FdCalc.jsp

• Step 2: Select the type of customer from Senior Citizen and General

• Step 3: Select the type of fixed deposit from Reinvestment, Quarterly Payout or Monthly Payout

• Step 4: Select the date of fixed deposit

• Step 5 Choose the tenor of your fixed deposit

• Step 6: Enter the amount of deposit

• Step 7: Your applicable FD interest rate will be automatically adjusted

• Step 8: Click on ‘Calculate’

• Step 9: Your breakup of FD maturity amount will be displayed on the screen

In the RBL bank FD rates calculator, you do not have to worry about adding the FD interest rates every time as they are auto-adjusted based on the type of customer, FD and tenor. Mentioned below are the FD interest rates offered by RBL bank on which the RBL bank fixed deposit calculator is based.

FD Interest Rates in RBL Bank for Deposits up to ₹3 crore

The FD interest calculator RBL bank uses a specific formula to calculate the interest income earned and the maturity amount of your fixed deposit. By using the RBL FD interest calculator, you save the time and trouble of manually calculating the FD maturity amount. Let’s have a look at the formula used to calculate the FD maturity amount.

The formula to calculate FD maturity amount in the RBL bank FD calculator is A = P (1 + r/n)^n*t

where,

A = Maturity amount

P = Principal

r = Rate of interest

n = Number of times interest gets compounded

t = Total tenor of the investment

The RBL FD calculator has various benefits to offer. Given below are some of the important benefits of FD calculator RBL:

• By using the RBL FD calculator, you compare different fixed deposit options and then decide on what tenor and amount you want to invest your money in

• You get the exact amount of maturity and interest income earned beforehand by using the RBL bank FD calculator

• The interface of the FD calculator RBL is very user-friendly. Even the first time visitors or amateurs can also easily calculate their FD returns

• The calculations of the RBL fixed deposit calculator are usually done within seconds thus saving your time

• You can easily adjust the different parameters in the RBL bank FD rates calculator and then make an informed decision about your fixed deposit

Bajaj Finance fixed deposit offers one of the best FD interest rates available in the market that are as high as 8.60%. You can invest in a flexible tenor ranging from 12 months to 60 months with a minimum deposit amount of ₹15,000. You can then choose to receive the interest income either on maturity or on periodic interest payouts of monthly, quarterly, half-yearly or annually. With facilities like Loan against Fixed Deposit, Bajaj Finance FD also offers you great liquidity and flexibility in your investment. You can also make use of the Bajaj Finance FD calculator to estimate the exact returns from your investment.