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### Yes Bank FD Calculator

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MONTHS
%
Total interest
Deposit amount
Maturiity amount

A lot of pеoplе likе fixеd dеposits bеcausе thеy givе back your monеy safеly & with little risk. But sometimes, it is tough to figurе out how much intеrеst you'll gеt еspеcially if you want to comparе different amounts and timе pеriods. That's whеrе thе Yes Bank FD calculator comеs in handy. It makes things еasiеr by quickly giving you thе right answers with just a few clicks.

## How Does a Yes Bank FD Calculator Work?

The operation of an FD calculator is rather straightforward. The payment amount, length of time (in days, months, or years), and interest rate are all critical details to add. Using these inputs and the applicable technique, the tool calculates the maturity amount, the total of your initial investment (capital), and the interest earned over the specified period.

Most FD tools, like the one provided by Yes Bank, calculate earnings using compound interest. Compound interest is calculated by adding the capital to the interest earned during prior periods. This is why, over time, compound interest outperforms basic interest.

## How to Use Yes Bank Fixed Deposit Calculator?

Using the Yes Bank FD calculation is very easy. Just follow these easy steps:

• Go to the FD tool by visiting the Yes Bank official website.
• Put in the desired amount to spend (in Rupees).
• Choose the deposit period in terms of days, months, or years.
• The program will quickly retrieve the most recent effective interest rates.
• 'Calculate' to see the anticipated maturity amount and interest yield at maturity.

You can keep changing the spending amount and term to explore different situations until you find a choice that best matches your financial goals. Apart from this, you can also use the ClearTax FD calculator.

## Formula to Determine Yes Bank FD Returns

The formula used by the Yes Bank FD calculator for compound interest:

Maturity Amount = Principal * (1 + Rate/100)^Tenor

Where:

Principal = Initial investment amount

Rate = Annual interest rate

Tenor = Deposit tenure in years

For Example:

Let's say you want to invest Rs. 5,00,000 in a Yes Bank Fixed Deposit for 3 years at an interest rate of 7.25% per annum.

Using the formula:

Maturity Amount = Principal * (1 + Rate/100)^Tenor

Substituting the values:

Maturity Amount = 5,00,000 * (1 + 7.25/100)^3

= 5,00,000 * (1.0725)^3

= 5,00,000 * 1.2327

= Rs. 6,16,350

Therefore, if you invest Rs. 5,00,000 in a 3-year Yes Bank FD at 7.25% interest rate, the maturity amount you will receive at the end of the tenure is Rs. 6,16,350.

The interest earned can be calculated as:

Interest Earned = Maturity Amount - Principal

= Rs. 6,16,350 - Rs. 5,00,000

= Rs. 1,16,350

So, by investing Rs. 5 lakh for 3 years in a Yes Bank FD at 7.25% per annum, you will earn Rs. 1,16,350 as interest, and the total maturity proceeds will be Rs. 6,16,350.

## Benefits of the FD Calculator

The key benefits of using the Yes Bank FD tool include:

• Accessibility from any location, ensuring convenience
• Precise calculations eliminating handwritten mistakes
• Capability to assess results across different financial amounts and tenures
• Enhances financial planning and goal-setting efforts
• Transparency and instant access to the most latest bank FD rates
• Saves more time than manual calculations

## Yes Bank Fixed Deposit Interest Rates

YES Bank offers FD interest rates of 3.25-7.75% p.a. to regular citizens and 3.75-8.25% p.a. to senior citizens on tenures ranging from 7 days to 10 years.  To know more about Yes Bank FD rates, Click here.

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