Bandhan Bank Fixed Deposit (FD) Interest Calculator

Bandhan Bank offers many options and a good amount of interest. The impact of investing and the final amount or investment yield one will receive after maturity can be calculated using the Bandhan Bank FD Calculator.

How Does a Bandhan Bank FD Calculator Work?

Bandhan Bank offers flexibility and freedom to choose the investment option according to the investor’s will and requirements. Bandhan Bank FD Calculator displays the amount of yield one will receive after maturity. For this, one needs to fill in the information like the date of stating the FD, Amount to be deposited, Term, and payment of interest. The interest rate is applied based on the filled information, and one gets to know the benefits one will receive on that investment.

Fixed Deposit interest rates for domestic customers are different from the rates applicable for NRIs. Senior citizens can get higher rates of interest. Bandhan Bank FD Calculator Chart is as follows:

For Deposit Amount of Rs.2 Crore, Bandhan Bank FD rates are-

These interest rates are applicable on deposits below Rs 2 Crore. To get the information on deposits above Rs 2 Crore, one must visit the Bank. Interest in Non-Resident External (NRE) and Non-Resident Ordinary (NRO) is the same as applied to domestic term deposits in Bandhan Bank.

Bandhan Bank Foreign Currency Non-Resident (FCNR) FD Interest Rates are:

If one withdraws the FCNR deposit before one year is completed, no interest will be paid on the Deposit. The rates mentioned above are for May 2021.

The charts show the investment amount, term, compounding frequency, and the applicable interest play an essential role in the final calculation. The Bandhan Bank FD Calculator asks questions related to these factors. It will then display the outcome.

Simple Interest and Compound Interest

Fixed Deposits can earn Simple as well as Compound interest. The simple Interest method is used when the amount or the term of Deposit is quite less. Interest is denoted in percentage. It is a fixed rate earned on the amount deposited with the bank. This amount invested initially is called the 'Principal'. Simple Interest: The percentage earned on principal amount regularly for the defined period.

• I = PNR is the formula to calculate simple interest,where ‘I’ is the simple interest, p is the principal amount invested, n denotes the tenure, and r  stands for the prevailing interest rate.
• Compound Interest:The interest earned in the previous period is added to the Principal. The principal amount for the next period becomes Principal + Compound interest earned in the previous period.

The formula calculates the returns the investors will receive. Compound Interest is generally higher than the other interest.

For Deposits whose tenure is 1 year, Simple Interest is applied by the Bandhan Bank FD Calculator according to the Bank's rules. After that, the interest is compounded Half-yearly.

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

Here:

• A is the amount one will receive on maturity
• P stands for Principal Amount
• r is the interest rate
• n represents the frequency of compounding in a year/ number of times the interest is compounded
• t denotes the tenure

Plan better with: SIP Calculator

How can one operate Bandhan Bank FD Calculator using Policybazaar?

The Bandhan Bank FD Calculator makes use of the vital information needed to calculate accurate results. A similar principle is employed at the Policybazaar Bandhan Bank FD Calculator to help investors find suitable plans and earn higher returns. The process is easy and user-friendly. The steps to be followed are straightforward and definite for any layman to use. One can compare the various options and make the best-informed decision. The steps to be followed are:

• Go to the bank portal.
• Choose an FD
• Choose Bandhan Bank FD Calculator.
• Enter the principal amount to be invested.
• Select the tenure of investment.
• Choose the pay-out option.
• Click on the calculate button.
• The results will be generated.
• There is no limit to usingthis Calculator.

Investors can study the outcome, compare, and make rational decisions.

Advantages of Bandhan Bank Fixed Deposit Calculator

Bandhan Bank FD Calculator is an essential tool to compare various investment plans and select the best one. Investors can analyse the results and make a promising investment. Students can study various interest rates prevailing in the market and learn about fixed deposit returns. As the calculations are done by the Bandhan Bank FD Calculator online, one is relieved from the process of searching applicable rates and doing manual calculations. Bandhan Bank FD calculator considers all the important factors and displays the final output, which is simple to understand. It is friendly to operate.

• It is accessible online.
• It shows the final yield value that the investor will receive
• TDS is also taken into consideration, wherever applicable
• The outcome is easy to understand and accurate.

How Can Bandhan Bank Fixed Deposit Calculator Help?

Bandhan Bank has various options to make a sound investment. The interest rate depends mainly on the tenure of the investment. There are many flexible options provided by Bandhan Bank that yield different amounts and charge different interest rates. Investors often wish to know which option to finalize to earn maximum yield. Bandhan Bank FD Calculator helps them compare different rates and get to know the yield amount depending on the amount invested and tenure. The figures help to understand the market scenario and choose the best fit option.

Bandhan Bank FD calculator is a platform that provides information about applicable interest rates and the total yield so that the investor can make a firm decision. Rs.1000 is the minimum amount one must deposit in the Bandhan Bank. An investor can easily access Bandhan Bank FD Calculator from the official website, and it is easy to understand and operate.

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