Fixed deposit interest rate formula
Fixed Deposit is a kind of Term Deposit with higher interest rate (as compared to regular savings account) and because of high interest rate and low risk, it's quite a popular investment choice in India. The interest rate is fixed for the whole maturity period and, it's usually considered as an extremely safe investment. I have invested some money as a Fixed deposit in HDFC Bank and the interest rate is not that much great because they are giving interest as compared to others. I have invested the money of Rs. 3L and there is a locking period of 5 years. Its 7% interest rate. If they are increasing the interest rate, it would be fine. Important factors for fixed deposit rate calculation. To determine the income generated from fixed deposit interest rates, the online calculator relies on the following factors to compute the results – Deposited amount; The interest of your FD is calculated based on the amount deposited in your fixed deposit account.