Fixed Deposit Calculator

Shriram Unnati Fixed Deposit Interest Rate Calculator helps you estimate the returns on your FD based on your investment amount, interest rate, tenure, and payout frequency providing a clear overview of potential earnings.

Interest for cumulative deposits is calculated from the effective date up to the end of the calendar quarter. For each following quarter, interest accrues on the total of principal and net interest (after TDS, if any) until the next calendar quarter or maturity date, whichever is earlier. For non-cumulative deposits, interest is compounded monthly and paid out on fixed dates—last day of the month for monthly, last day of each quarter for quarterly, last day of March and September for half-yearly, or last day of March for yearly options—with payouts strictly via NEFT. Interest (net of TDS) is credited to the depositor’s ledger only on these scheduled dates.
 

Using the Fixed Deposit Investment Calculator from Shriram Finance takes less than a minute. Simply enter your investment details, and the calculator will quickly provide an estimate of your returns.

To use Shriram Unnati Fixed Deposit Calculator online, enter your details such as investment amount, tenure, and interest payout frequency. The calculator will then generate a summary of your investment returns.

The minimum amount required to invest in Shriram Unnati Fixed Deposit is ₹5000 and can be increased in multiples of ₹1000.

Shriram Unnati Fixed Deposit Calculator helps you estimate your potential returns based on various investment parameters, making it easier to plan and optimise your financial strategy.

A Fixed Deposit (FD) calculator is an online tool that helps you estimate the returns on your fixed deposit investment based on several input factors. By entering details such as the principal amount, interest rate, tenure (duration), and compounding frequency, the FD calculator shows the maturity amount and the total interest earned. Shriram FD calculator provides a quick and accurate way to plan investments and compare different FD options, making it easier for investor to make informed financial decisions.

It is easy to calculate the fixed deposit (FD) maturity amount using a FD calculator. Simply follow the below steps:

• Principal Amount: Start with the amount you are depositing (principal amount). This is the initial investment you decide to invest in FD
• Tenure: Determine the tenure or duration for which the deposit is kept. It could typically range between a year to a maximum of 5 years. Longer tenures typically offer higher interest rates.
• Interest Calculation: Depending on whether the interest is calculated under cumulative or non-cumulative scheme, the interest will be added to the principal under cumulative scheme and in non-cumulative the interest will be paid at selected frequency.
• Maturity Amount: The FD calculator will display the maturity amount (the sum of the original principal and the accumulated interest earned over the deposit period). If it's a simple interest FD, you’ll get the interest earned directly on the principal. In compound interest FDs, the accrued interest will grow faster due to compounding

The Rule of 72 is a simple way to estimate the number of years it will take for an investment, such as a Fixed Deposit (FD), to double, based on a fixed annual interest rate. The formula is:

Years to double = 72/Interest Rate (in percentage)

Shriram FD currently offers an interest rate of up to 8.15%* p.a. (including 0.50%* p.a. for senior citizens and 0.05%* p.a. for women depositors), the calculation would be:

Years to double=72/8.15 = ≈8.83 years

So, it will take approximately 8.83 years for your FD to double at an interest rate of 8.15%* p.a. You can also use a Shriram FD calculator to check maturity amount for various tenures.

A 5-year Fixed Deposit (FD) can be a good investment option for investors seeking stable and predictable returns over a medium-term horizon. It offers a fixed interest rate, making it ideal for those who prefer low-risk investments. Additionally, a 5-year FD often provides higher interest rates compared to shorter tenures, allowing investors to benefit from compounding interest.

Before investing, it’s helpful to use Shriram FD Calculator to estimate the maturity amount based on the interest rate, investment amount, tenure & interest payout frequency. This tool ensures you have a clear understanding of your returns and helps in better financial planning

Yes, you can invest ₹20 lakh in a Fixed Deposit (FD). It is a reliable and popular investment option for those looking for stable returns. It is essential to choose an FD with a tenure and interest rate that aligns with your financial goals. You can also use an FD calculator to estimate the potential returns and compare different schemes based on the interest rate, tenure & interest payout frequency. This will help you make an informed decision and maximise the benefits of your investment

Shriram Fixed Deposit Calculator does not factor in partial withdrawals. It’s best to reach out to your branch for partial withdrawal and to know the revised interest rate and updated maturity amount, as the FD calculator will only provide estimates for the original deposit. Additionally, if you need urgent funds, you can also consider Loan on Deposit.

No, Shriram Fixed Deposit calculator is designed to calculate the returns for a specified tenure. If you opt for automatic renewal, the calculator won’t reflect the compounding of interest for the subsequent terms. 

Most FD calculators allow you to select the compounding frequency—whether it's On Maturity, yearly, half-yearly, quarterly, or monthly. Based on your selection, the calculator will adjust the interest calculation to reflect your choice.

No, a FD calculator does not factor in inflation. It simply provides the estimated maturity value of your fixed deposit based on the amount, tenure, interest rate & interest payout frequency. To understand the real purchasing power of your returns, you would need to consider inflation separately.

Yes, if you select the senior citizen option in the FD calculator, the tool will apply the higher interest rate typically offered to seniors, resulting in different (and usually higher) maturity amounts.

Yes, the Fixed Deposit calculator allows you to choose between cumulative and non-cumulative options. In a cumulative FD, the interest is compounded and paid at maturity, while in a non-cumulative FD, the interest is paid out periodically. The fixed deposit calculator adjusts the results based on your choice.