Axis Bank FD Calculator

Total investment
Rate of interest (p.a)
%
Time period
Years
Invested amount
Est. returns
Total value
Total investment
Total returns

Axis FD Calculator

Fixed deposits are one of the most popular savings instruments as it provides high security of funds and relatively higher interest rates. Since these instruments are not subject to market fluctuations, the principal amount is guaranteed to increase over time. Several tax benefits are also applicable on this deposited amount, provided it is invested in a fixed deposit scheme of tenure longer than five years.

Comparing the interest rates provided by various financial institutions, you can choose one offering the highest returns. Axis Bank provides one of the highest interest rates available in the market. Axis Bank Fixed deposit account can be opened easily at any Axis Bank Branch available across India. A benefit such as the Axis bank FD calculator which is available online is also provided to aid the investors in the process.

Also Read, Axis Bank FD Interest Rates

Axis Bank Fixed Deposit Calculator Formula

Returns generated on the total investment amount can be easily calculated by an FD in the Axis bank calculator. Such calculators use the following formula to determine the final amount receivable by an investor:

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

where:

A = Final amount

P= Principal amount invested

r= Rate of interest

t= Tenure of investment

n= Frequency of compounding interest. If interest is compounded monthly, the value of n would be 12, while yearly compounding inputs the value of n as 1.

Let us consider an example. Suppose Pubali invests Rs. 50,000 in a fixed deposit with Axis Bank for five years. Interest is compounded half-yearly at a rate of 7% per annum. Axis FD calculator determines the final amount receivable in the following method:

P= Rs. 50,000

r= 7

n=1

t=5

Therefore:

A = 50,000(1+7%/2) ^2×5

=Rs. 70,529.938

=Rs. 70,530 (approx.)

As per Axis Bank fixed deposit calculator, Pubali will receive Rs.70, 530 on an investment of Rs. 50,000 on maturity.

Advantages of Groww Axis Fixed Deposit Calculator

There are several benefits of using Axis Bank FD calculator, such as:

  1. Hassle-free nature.
  2. Readily accessible from the official website of Groww.
  3. Shows total returns generated on maturity.
  4. In the case of tax deductions on the final amount, real returns are displayed after TDS.

The main advantage of investing in an FD scheme is that returns generated on deposited amounts are higher than other instruments provided by commercial banks. If you are looking for entirely risk-free investment schemes providing a high-interest income, you can opt for fixed deposits. Also, using the Axis Bank Fixed Deposit calculator, you can determine the total returns generated with accuracy.

Fixed Deposit

Types of Fixed Deposit

Overdraft Against FD

Monthly Interest on 1 Lakh Fixed Deposit

Non Callable Fixed Deposits

Fixed Deposit(FD) Sweep-in

Auto Renewal of Fixed Deposit

Flexi Fixed Deposit

Senior Citizen FD Interest Rates

Fixed Deposit Double Scheme

Monthly Interest Payout Fixed Deposit(FD)

ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 5.5.3
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ