How Can HDFC FD Calculator Help You?

An FD calculator helps determine how much an investment tool such as an FD will fetch after maturity. The HDFC FD interest calculator helps you in the following ways:

• Time-saving: As a financial tool, it saves you time and resources for calculating returns on investment.
• Easy assessment: The HDFC FD calculator will help you assess the date of maturity and the total amount.
• Seamless functioning: You can calculate returns based on time and also on the nature of FD, i.e., short-term, reinvestment and payout.

How Does The HDFC Bank FD Calculator Work?

Using an HDFC Bank FD calculator is quite easy. You can calculate the estimated maturity amount in four simple steps:

• Input the ‘Total Investment’ box with the amount you wish to invest in HDFC FD.
• Select the investment tenure by dragging the cursor across under the ‘Number of years’ box.
• Enter the interest rate according to the chosen tenure.
• The results will be displayed on the page.

Your ‘Invested Amount’, ‘Estimated Return’, and ‘Total Value’ will be shown depending on your provided inputs.

How To Use HDFC Fixed Deposit Calculator?

Using an HDFC FD calculator is simple; you have an estimated maturity amount displayed in a few seconds. Here’s how you can calculate your FD maturity amount using the HDFC FD calculator:

Step 1: Enter your deposit amount into the calculator.

Step 2: Choose an interest rate and tenor.

Step 3: Click on ‘Calculate’ and find your maturity amount along with estimated interest returns displayed on your screen.

Formula To Determine HDFC FD Returns

The  HDFC FD online calculation process is hassle-free, as you are not required to solve complicated formulas. This online tool calculates FD returns using the same complex procedure seamlessly.

The formulas used to calculate the HDFC Bank fixed deposit interest rate is as follows: A = P (1 + r/n) ^ n x t

In which,

P= the invested amount

r= the annual interest rate

n= the frequency of compounding FD interest

A= the amount you receive on FD maturity

Example:

Let’s assume that you invest Rs 1,00,000 in HDFC fixed deposit for a tenure of two years at an interest rate of 7.30%. The maturity amount, when calculated using the interest formula, will be:

A = 1,00,000 (1 + 7.30%/1) ^ 1 x 2

Therefore, the maturity amount is Rs 1,15,567.

It is important to note that to calculate the interest rates accurately, ensure that you enter the accurate inputs in the proper fields.

HDFC Domestic Term Deposit Rates: (Below Rs.2 crore)

Note:  *Extra 0.25% above the existing interest rates is under the Senior Citizens Care FD for senior citizens.

All interest rates shown above are as on October 1, 2023

Benefits of the HDFC FD Calculator

An HDFC FD Calculator will aid investors in estimating the maturity amount from the investment and enable them to make a well-informed decision. A few of the benefits of using the HDFC FD Calculator include:

Easy to operate: The HDFC FD calculator is a simple tool where an investor just has to enter the relevant inputs, and it displays the output. Also, the HDFC FD calculator has sliders to adjust the tenure and interest rate, making it quite flexible to use in multiple scenarios.

Free to use: The online HDFC FD calculator is free to use at the investor's convenience.

Comparing results:  Investors can use the HDFC deposit calculator for comparing results by making changes in the interest rate or tenure to see which scenario will be useful for them to reach their goals. They can also compare the the HDFC FD calculator results with the other investments and see which investment provides higher returns.

Other Banks FD Calculators:
1. Fixed Deposit (FD) Calculator
2. SBI FD Calculator
3. ICICI Bank FD Calculator
4. Axis Bank FD Calculator
5. Punjab Bank FD Calculator
6. Kotak Bank FD Calculator
7. Canara Bank FD Calculator