NRI FD Calculator

Fixed Deposits or FDs, as popularly known, is one of the financial instrument options offered by almost every Indian bank and NBFCs (Non-Banking Financial Companies). Even though the (ROI) Rate of Interest varies from one provider to another, FDs relatively provide a higher interest rate as compared to most of the other saving investment options.

Read more
Best Investment Options
  • Save upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD+

We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns+
+91
Secure
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

Many Indian banks and NBFCs are also coming up with an option to offer Fixed Deposit Accounts to NRIs (Non-Resident Indians) so that they can also earn fixed interest on the deposited amount in their respective banks. The NRI Fixed Deposit rates may vary from the FD rates for Indian residents from one lender to another.

NRI FD Calculator

Total Investment

₹500 ₹30L
Enter Total Investment

Rate of Interest (Yearly)

1% 15%
Rate of Interest (Yearly)

Time Period

1 Year 15 Years
Enter Time Period
Total Investment
Interest Earned
Maturity Amount

What Is Fixed Deposit?

Fixed Deposits are a type of investment account offered by various Indian banks and NBFCs. In general, the deposited amount in the FD account of an investor comes with a lock-in period that varies from 7 days to 10 years. Even though premature withdrawals are allowed by paying penalty, it is advisable not to discontinue an FD account for better returns.

To calculate the maturity amount of the Fixed Deposit at the end of the desired tenure, FD Calculator can be used for accurate results.

What Is FD Calculator?

The FD Calculator basically guides the investor about how much amount they will save in the future with their current investments. An easy-to-use and hassle-free tool, Fixed Deposit Calculator allows the investor to know the interest on income even before the investment.

Guaranteed return plan Guaranteed return plan

How to Use NRI FD Calculator?

The FD Monthly Interest Calculator is an easy-to-use tool that helps in calculating the exact amount receivable at the time of maturity effortlessly. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate NRI Fixed Deposit rates:

  • The amount that is invested monthly

  • The Rate of Interest offered

  • The tenure of the Fixed Deposit Account

  • The compounding period, that is, yearly, half-yearly, quarterly, or monthly

  • The FD Amount

Once entered the following details, an investor will come to know:

  • The maturity value of the FD

  • The total wealth gains during the complete tenure

Benefits of FD Calculator

The main advantages of using an FD Calculator are:

  • Save time and energy

  • Easy to use

  • Gives accurate results

  • Helps in future planning with accurate return estimations

NRI FD Calculation Formula

There are 2 types of Fixed Deposits available in the financial market;

  • Simple Interest Fixed Deposits

  • Compound Interest Fixed Deposits

Let us have a look at the formula for both kinds of FDs.

  1. Simple Interest Fixed Deposit Formula

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

    Here,

    M = The maturity value

    P = The principal amount deposited

    r = The Rate of Interest offered by the bank or NBFC

    t = The tenure (in years)

    Illustration:

    Mr. Rajeev deposits a sum of Rs. 1,00,000 in his Fixed Deposit account for the period of 5 years. Let us assume that the Rate of Interest offer during the tenure was 10%, hence the maturity value et the end will be:

    Maturity value = 1,00,000 (1,00,000 X 10 X 5 / 100)

    Maturity value = Rs. 1,50,000

  2. Compound Interest Fixed Deposit Formula

    M = P + P {(1 + i / 100) t – 1}

    Here,

    M = The maturity value

    P = The principal amount deposited

    i = The rate of interest

    t = The tenure

    Illustration:

    Taking the above example in consideration, the compound interest FD value will be:

    Maturity value = 1,00,000 + 1,00,000 {(1 + 10 / 100) 5 – 1}

    Maturity value = Rs. 1,61,051

    The above-mentioned formula is very useful and can be used instead of the Fixed Deposit Calculator by the investor if they trust their own calculations only and are not dependent on the digital platforms.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

FD Rates articles

Recent Articles
Popular Articles
Monthly FD Interest on ₹1 Crore

15 Apr 2024

A Fixed Deposit (FD) scheme helps to earn monthly FD interest on
Read more
Monthly FD Interest on ₹50 Lakh

11 Apr 2024

This article will help you to explore the potential returns of
Read more
How to Make the Most of Your Fixed Deposits with a Fixed Deposit Calculator in 2024

08 Jan 2024

Fixed deposits, with their guaranteed returns and relative
Read more
Mistakes To Avoid While Choosing Corporate Fixed Deposit

08 Jan 2024

When it comes to choosing Corporate Fixed Deposits, steering
Read more
How Does an FD Calculator Help Select the Right FD Scheme in 2024?

08 Jan 2024

In 2024, the role of Fixed Deposit calculators becomes
Read more
SBI NRI Fixed Deposits
The State Bank of India (SBI) values its customers not only in India but overseas as well and hence offers a wide
Read more
Yes Bank NRI Fixed Deposit Rates
Yes Bank offers a plethora of schemes to their customers residing in India and NRIs (Non-Resident Indians). NRIs
Read more
HDFC NRI Fixed Deposits
HDFC Bank, a reputed private bank, offers HDFC NRI Fixed Deposits to all their NRI customers. The FD rates range
Read more
Axis Bank NRI Fixed Deposits
Axis Bank offers a plethora of FD schemes for NRIs where they can safely invest their money and earn decent
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL