Use Shriram Unnati Fixed Deposit Calculator Online.
Fixed Deposit Calculator
The Shriram FD Calculator is an essential resource for potential investors, offering a comprehensive view of how your investment will grow over a chosen tenure, from 12 to 60 months. By simply inputting the investment amount, interest rate, and tenure, this calculator quickly and accurately estimates the interest earned and the final maturity amount.
Calculate Your Fixed Deposit Maturity Amount
STEP 01
I am a Senior Citizen
STEP 02
I am a Woman
STEP 03
Investment amount
STEP 04
Tenure up to
STEP 05
Interest payout term
Investment Summary
Interest Rate %
Deposit
Invested Amount
₹ 50,000
How to Use Shriram Unnati Fixed Deposit Calculator Online
Calculating your maturity amount is a simple 5-step process with the online Shriram Unnati Fixed Deposit Calculator:
Step 1: Select (Yes/No) to specify if you are a Senior Citizen (age 60 and above).
Step 2: Select (Yes/No) to specify if you are a Woman Depositor. (If both apply, you can select both options.)
Step 3: Enter your desired investment amount. Shriram Finance allows you to start an FD with a minimum of ₹5000.
Step 4: Select the tenure for your FD, ranging from 12 to 60 months (about 5 years).
Step 5: Choose how often you'd like to receive your interest payouts: yearly, on maturity, monthly, or quarterly
The FD rate calculator will display a detailed summary of your investment, including the maturity value, total interest earned, and the breakdown of interest payouts based on the selected frequency. You can use the results from our FD calculator to understand the growth of your investment and plan your finances effectively.
Benefits of Using Fixed Deposit Calculator
The benefits of using an FD calculator online are many. Besides understanding how your savings are faring and the interest you are earning, a fixed deposit calculator can help you plan for the long-term, like building a retirement fund, or planning for your child’s higher education.
Shriram Unnati Fixed Deposit Calculator—one of the best FD calculators in the NBFC sector—brings the best features on the table for you:
User-friendly Interface
Our calculator is intuitive and easy to navigate, allowing you to feed numbers and calculate the desired results seamlessly.
Time-saving
With our online FD calculator, you can eliminate the need for manual calculations and significantly reduce the time needed to estimate returns.
Accurate Calculations
Shriram Unnati Fixed Deposit Calculator provides precise estimates, eliminating any margin of error.
Transparency
The results you get from using our FD payout calculator clearly outline the breakdown of principal and interest, offering a transparent view of your investment growth.
Ease of Comparison
Our calculator offers flexibility in adjusting parameters like the interest rate, tenure and payout options, thus helping you compare the maturity value and interest earned for different interest rates and tenures.
Shriram Unnati Fixed Deposit Interest Rate for Cumulative Fixed Deposit (w.e.f 9th April 2024)
Period (Months) | Rate % (monthly) | Effective yield % p.a. | Maturity value for Rs. ₹ 5000/- |
---|---|---|---|
12 | 7.59 | 7.85 | 5,392 |
(Digital Only)15 | 7.87 | 8.24 | 5,515 |
18 | 7.73 | 8.16 | 5,612 |
24 | 7.87 | 8.49 | 5,849 |
30 | 8.05 | 8.88 | 6,110 |
36 | 8.38 | 9.49 | 6,423 |
42 | 8.42 | 9.75 | 6,706 |
50 (JUBILEE) | 8.47 | 10.10 | 7,107 |
60 | 8.47 | 10.50 | 7,625 |
Shriram Unnati Fixed Deposit Interest Rate for Non-Cumulative Fixed Deposit (w.e.f 9th April 2024)
Period (Months) | Rate % (monthly) | Quarterly % p.a. | Half-Yearly % p.a. | Yearly % p.a. |
---|---|---|---|---|
12 | 7.59 | 7.63 | 7.71 | 7.85 |
(Digital Only)15 | 7.87 | 7.92 | 8.00 | 8.15 |
18 | 7.73 | 7.77 | 7.85 | 8.00 |
24 | 7.87 | 7.92 | 8.00 | 8.15 |
30 | 8.05 | 8.10 | 8.18 | 8.35 |
36 | 8.38 | 8.43 | 8.52 | 8.70 |
42 | 8.42 | 8.47 | 8.56 | 8.75 |
50 (JUBILEE) | 8.47 | 8.52 | 8.62 | 8.80 |
60 | 8.47 | 8.52 | 8.62 | 8.80 |
Points to Note:
- Senior citizens (completed 60 years on the date of deposit/renewal) will receive an additional interest benefit of 0.50%*p.a.
- For deposits that have matured and are renewed, an additional interest of 0.25%*p.a. will be paid.
- Women depositors will get additional interest of 0.10%*p.a. over and above the proposed rate.
- Deposits will be accepted in multiples of ₹1,000, subject to a minimum amount of ₹5,000.
- Shriram Finance provides higher FD interest rates than banks and other Non-Banking Finance Companies (NBFCs), providing higher yield for the same investment amount.
Frequently Asked Questions (FAQs)
How can I calculate FD interest earned for 12 months?
To calculate FD interest earned for 12 months, enter the investment amount, interest rate, and tenure in the calculator. It will provide the total interest earned for one year.
What is Shriram Unnati Fixed Deposit Interest Rate 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.
Is FD interest rate calculated monthly or yearly?
Fixed deposit interest can be calculated either monthly, quarterly, yearly, or on maturity, with Shriram Unnati Fixed Deposit Calculator, depending on your selected payout frequency. This is a criterion that affects how often you receive interest payments.
How much time does it take to use the fixed deposit investment calculator?
Using the fixed deposit investment calculator from Shriram Finance typically takes just a couple of minutes. Simply enter your investment details, and the calculator will quickly provide an estimate of your returns.
How can I use Shriram Unnati Fixed Deposit Calculator online?
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.
What is the minimum amount that I can invest in a Shriram Unnati Fixed Deposit?
The minimum amount required to invest in a Shriram Unnati Fixed Deposit is ₹5000.
How can Shriram Unnati Fixed Deposit rate calculator help you?
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.
What is a fixed deposit (FD) calculator?
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 individuals to make informed financial decisions.
How to calculate the fixed deposit maturity amount?
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
- Interest Rate: Input the interest rate offered by the financial institution. The rate can be either simple or compounded. Compounding can be done monthly, quarterly, or annually.
- 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 compounded or calculated as simple interest, the interest will be added to the principal. In compounding, interest earned on the principal is added to the next period’s balance, increasing the amount on which future interest is calculated.
- Maturity Amount: The FD calculator 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
How many years will FD double?
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 9.40%* p.a. (including 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors), the calculation would be:
Years to double=72/9.40 = ≈7.66 years
So, it will take approximately 7.66 years for your FD to double at an interest rate of 9.40%* p.a.
You can also use a Shriram FD calculator to check maturity amount for various tenures.
Is FD for 5 year good?
A 5-year Fixed Deposit (FD) can be a good investment option for individuals 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 an FD calculator to estimate the maturity amount based on the interest rate, investment amount, and tenure. This tool ensures you have a clear understanding of your returns and helps in better financial planning
Can I invest 20 lakh in FD?
Yes, you can invest ₹20 lakh in a Fixed Deposit (FD). It is a safe 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 and tenure. This will help you make an informed decision and maximize the benefits of your investment
How much will my FD of 10,000 earn for 5 years?
If you invest ₹10,000 in a Shriram Unnati Fixed Deposit (FD) at current interest rate of 9.40%* p.a. (including 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors) for 5 years, the FD calculator will help you estimate the total returns. With this rate, your FD would grow over time due to the compounding of interest. After 5 years, your earnings will be around ₹5,715, resulting in a total maturity amount of ₹15,715.
How does the FD calculator handle partial withdrawals?
Shriram Fixed Deposit calculator does not factor in partial withdrawals. If you make a partial withdrawal, it’s best to consult with your bank/NBFC for the revised interest rate and updated maturity amount, as the FD calculator will only provide estimates for the original deposit.
Will the FD calculator account for automatic renewals?
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. You may need to run a new calculation after renewal.
Does the Fixed Deposit calculator show interest compounded annually, quarterly, or monthly?
Most FD calculators allow you to select the compounding frequency—whether it's annually, semi-annually, quarterly, or monthly. Based on your selection, the calculator will adjust the interest calculation to reflect your choice.
Does the Fixed Deposit calculator take inflation into account?
No, an FD calculator does not factor in inflation. It simply provides the estimated maturity value of your fixed deposit based on the amount, tenure, and interest rate. To understand the real purchasing power of your returns, you would need to consider inflation separately.
Will the FD calculator give different results for senior citizens?
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.
Is there a difference between cumulative and non-cumulative options in the FD calculator?
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.
Disclaimer
With regards to deposit taking activity of Shriram Finance Limited (’SFL’), Viewers may refer to detailed information and T&C provided in our application form available at FD form download
The Company is having a valid Certificate of Registration dated 31st January 2023 issued by the Bank under section 45-IA of the RBI Act. However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.
Maximise savings with a Fixed Deposit
- Home
- Investments
- Fixed Deposit
- FD Calculator