IDBI Bank Fixed Deposit Calculator
The IDBI Bank Fixed Deposit Calculator is a free online tool designed to help users estimate the maturity amount and interest earnings from their fixed deposit investments with IDBI Bank.
By inputting simple details like the deposit amount, duration, and applicable interest rate, users can quickly determine their total returns. This tool simplifies financial planning by offering quick and accurate projections, helping investors choose the right FD option based on their goals.
Benefits of IDBI Bank Fixed Deposit Calculator
- Quick and Accurate Estimates - Instantly calculates the maturity amount and interest based on your input, helping you plan your investment with precision.
- Easy to Use - Simple interface—just enter the deposit amount, interest rate, and tenure to get immediate results.
- Free of Cost - The calculator is available online at no charge, accessible to anyone.
- Helps in Financial Planning - Allows you to compare returns for different tenures and amounts to choose the best option for your goals.
- Time-Saving Tool - Saves you from manual calculations and complex formulas by providing quick results.
- Accessible Anytime, Anywhere - Being an online tool, it can be used 24/7 from your phone, tablet, or computer.
- No Personal Information Needed - You can use the calculator without registering or sharing personal details.
Key Features of IDBI Bank Suvidha Fixed Deposit Advantage
- Flexible Access: With this key feature of IDBI Bank, you can enjoy access to your fixed deposit funds.
- Wide Tenure Range: Choose a deposit term from 7 days to 20 years, with a minimum investment of ₹10,000.
- Attractive Interest Rates: Earn competitive returns on your investment.
- Extra Benefit for Senior Citizens: Get 0.50% additional interest on regular rates.
- Premature Withdrawal: Available with applicable penalty charges.
- Overdraft Facility: Avail overdrafts against your FD at competitive interest rates.
- Auto-Renewal Option: Automatically renew your deposit on maturity for uninterrupted growth.
- Multiple Deposit Choices: Select from various options tailored to your financial needs.
How to Use Wishfin IDBI Bank Fixed Deposit Calculator?
To use the Wishfin IDBI Bank Fixed Deposit Calculator, follow these steps:
Visit the Calculator Page:
- Search for the Wishfin IDBI Bank Fixed Deposit Calculator.
Enter Deposit Details:
The calculator will prompt you to fill in some basic details about the fixed deposit. These usually include:
- Deposit Amount : Enter the amount you plan to invest in the fixed deposit.
- Tenure : Choose the duration for which you want to lock your money (usually between 7 days to 10 years).
- Interest Rate : The calculator may automatically fill in the interest rate based on the current rates offered by IDBI Bank, or you can manually enter it if you have the rate.
- Frequency of Interest Payout : Select how often you'd like the interest to be paid (monthly, quarterly, or annually).
Click on "Calculate":
Once you've entered all the details, click the Calculate button. The calculator will display:
- Maturity Amount : The total amount you will receive at the end of the term, including the principal and interest earned.
- Interest Earned : The total interest you’ll earn over the FD tenure.
Adjust Parameters:
If needed, you can adjust the deposit amount, tenure, or interest rate and click Calculate again to compare the results.
By using this tool, you can easily estimate your returns from an IDBI Bank fixed deposit based on the parameters you provide.
Formula for Calculating IDBI Bank Fixed Deposit Maturity Amount
IDBI Bank typically uses compound interest to calculate returns on Fixed Deposits. The standard formula used is:
A = P (1+r/n)^n x t
Where:
- A = Maturity amount
- P = Principal amount (initial deposit)
- r = Annual interest rate (in decimal, e.g., 7% = 0.07)
- n = Number of times interest is compounded per year (e.g., n = 4 for quarterly)
- t = Tenure of the deposit in years
IDBI Fixed Deposit Interest Rates 2025
Here is the IDBI Bank Fixed Deposit interest rate for amounts less than 3 crores. Have a look to understand better -
|
Retail Term Deposits (< 3 Cr) |
||
|
Tenure |
General Customers |
Sr. Citizen |
|
0-6 Days |
NA |
NA |
|
07-30 days |
3.00 |
3.50 |
|
31-45 days |
3.25 |
3.75 |
|
46- 60 days |
4.50 |
5.00 |
|
61- 90 days |
4.75 |
5.25 |
|
91 days to 6 months |
5.50 |
6.00 |
|
6 months 1 day to 270 Days |
6.00 |
6.50 |
|
271 days to < 1 year |
6.25 |
6.75 |
|
1 Year to 2 Years (except 444 Days, 555 days & 700 Days) |
6.80 |
7.30 |
|
> 2 Years to < 3 years |
7.00 |
7.50 |
|
3 years to 5 years |
6.50 |
7.00 |
|
>5 years to 10 years |
6.25 |
6.75 |
|
>10 years to 20 years$ |
4.80 |
5.30 |
|
Tax Saving FD |
||
|
5 Years |
6.50 |
7.00 |
Note:
- Senior citizens receive an extra 0.50% interest over the standard deposit rates.
- This additional interest benefit is not available on NRO deposits.
Frequently Asked Questions (FAQs)
