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Post Office FD Calculator - Post Office Fixed Deposit calculator helps one estimate the amount of returns that one can get for an FD of a specific tenure. Calculate interest earned and amount of fixed Deposit you will accumulate by using Online Calculator for Post Office FD at Groww.in.
- To use the FD calculator available here, one should need to have the following details beforehand: Total investment (the amount you invested) Numbe...
- The minimum amount required to open an FD account in the post office is ₹200 and in multiples thereof. However, there is no upper limit on the depo...
- Yes, the interest income is taxable.
- Premature withdrawal or closure of the post office FD account is permitted after the completion of six months of opening the deposit. If a time dep...
Learn about the various saving schemes offered by India Post, such as SB, RD, FD, PPF and more. Find out the interest rates, eligibility, features, benefits and FAQs of each scheme.
6 days ago · Calculate the maturity value and interest amount for different Post Office FD tenures and rates. Compare Post Office FD with other bank FDs and get a secured credit card with 90% of FD amount.
- Features of Post Office FD Calculator
- How to Calculate Interest on Post Office FD?
- Example
- How to Use Post Office FD Calculator
- Post Office FD Investment Rules
- Benefits of Using Post Office Fixed Deposit Calculator
Post office fixed deposit (POFD) is a fixed return savings scheme provided by India Post. The plan is available at all the Indian Post offices. You can open an FD account at your nearest post office branch and expect guaranteed returns. Here are some of the important features of POFD: 1. The interest rate provided in POFD ranges between 6.9% and7.7...
Calculating returns from post office fixed deposits (POFDs) is done using the following formula: M = P x (1 + i/4)^(n x 4) In which, M = Final value of the maturity P = Principal invested amount i = Interest rate offered in the FD n = tenure of investment in years Note: The above formula is for interest compounded quarterly.
Let’s assume you want to invest Rs 2 lakh in the post office fixed deposit for a tenure of five years, on which you will get an interest rate of 7.7% per annum. P = 2,00,000 i = 7.7 n = 5 Therefore, M = 2,00.000 x (1 + 7.7/4)^(5 x 4) M = Rs 2,77,000
Individuals can use post office FD calculator in the following steps: 1. Enter the amount, FD tenure and FD interest rates 2. Click on ‘Calculate’ 3. The FD maturity amount and interest amount earned will be displayed
A few of the rules related to Post Office FD investment are as follows: 1. Post Office Fixed Deposit (POFD)can be opened offline by cash or cheque. 2. For deposits made via cheques, the date of realization of the cheque will be the opening date of the FD. The interest will be calculated from this particular date only 3. Transfer from one post offic...
Some of the benefits of using the online FD calculator are as follows: Accuracy in outcomes: An online Post Office fixed deposit calculator can save time and provide accurate results within a few seconds. Helps to get customised results: Post Office FD provides various investment tenures with different interest rates. Using an FD calculator, you ca...
The post office FD calculator is used to find the post office FD returns and maturity value on an investment.
Calculate INDIA POST fixed deposit interest rate and final amount using this online tool. Enter the date, amount, frequency and term of your FD and get the results instantly.
People also ask
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Aug 21, 2019 · Calculate the maturity amount and interest earned on your post office fixed deposit using this online tool. Enter the investment amount, rate of interest, tenure and compounding frequency to get the results.
