| Invested amount | ₹ |
| Est. returns | ₹ |
| Total value | ₹ |
Fixed deposits are the most widely used investment vehicles in India. For many years, FDs have been linked with investment since they are regarded as secure, give assured returns over time, and are also flexible in terms of length.
These term deposits are offered for a variety of time periods ranging from 7-14 days to 10 years. A term deposit is another name for a fixed deposit. With FD investments, you may earn interest on interest, resulting in greater returns and faster money multiplication.
Equitas Small Finance Bank, founded in 2007, provides microfinance services. Domestic, NRI, and NRO fixed deposits are available from the bank.
The Equitas Bank FD calculator is a digitized tool that can help a customer determine the maturity amount that he or she expects at the rate of interest provided by the bank. It will allow a customer to decide on the investment amount and relevant returns. FD calculator of Equitas Small Finance Bank is a quick, accurate, and reliable device that saves time and resources.
Through the Equitas Small Finance Bank FD Calculator, a customer can determine:
– A suitable investment plan.
– The tenure to invest in the FD.
– The suitable interest rate.
– The amount received at maturity.
Also Read, Equitas Bank FD Interest Rates
To use the calculator a customer is required to enter the data requested by the Equitas Small Finance Bank FD Calculator and then further click on ‘calculate.’ Within minutes. You can know the maturity value and other data in regards to the investment. The calculator is simple to use, and anyone can handle it effortlessly.
In order to use the Groww Equitas Small Finance Bank FD Calculator, you need to:
Step 1: Enter the amount you want to invest in the fixed deposit
Step 2: Choose the rate of interest you want to set the scheme to
Step 3: Choose the tenure you want to lock in your money
After the above-mentioned details are entered, you can see the amount you will receive at maturity and your interest earned
The Groww Equitas Small Finance Bank FD Calculator uses the below-mentioned formula to calculate:
A = P(1+r/n)^n*t
where,
A = The amount received at maturity.
P = The amount you invest.
r = The annual interest rate.
n = Compounding of the interest.
t = The tenure of the investment.
For instance, if you choose to invest ₹10,000 for a tenure of 5 years at the rate of 6.5% annually compounded.
So,
P = ₹10,000
r = 6.5%
n = 1
t = 5
According to the calculating formula, the end result will show
A = 10,000 (1+6.5/1)^1*6.5%
= ₹13,804
The Equitas Small Finance Bank FD Calculator is a tool that can help a customer determine the right decisions in terms of investing in the FD, and without physically clarifying FD-related doubts. With the Equitas Small Finance Bank FD Calculator, you can:
– You can find instant results to the total amount you would receive at maturity.
– The interest rates can be set based on your preferences.
– You can set the number of times the rate is compounded.