Fd Calculator Sbi Online

SBI Fixed Deposit (FD) Calculator

Quarterly Half-yearly Annually Monthly

Enter your details and click 'Calculate FD Returns' to see your maturity amount and interest earned.

function calculateFD() { var principalAmount = parseFloat(document.getElementById("principalAmount").value); var annualGrowthRate = parseFloat(document.getElementById("annualGrowthRate").value); var tenureYears = parseFloat(document.getElementById("tenureYears").value); var compoundingFrequency = parseInt(document.getElementById("compoundingFrequency").value); if (isNaN(principalAmount) || principalAmount <= 0) { document.getElementById("fdResult").innerHTML = "Please enter a valid Investment Amount."; return; } if (isNaN(annualGrowthRate) || annualGrowthRate <= 0) { document.getElementById("fdResult").innerHTML = "Please enter a valid Annual Growth Rate."; return; } if (isNaN(tenureYears) || tenureYears <= 0) { document.getElementById("fdResult").innerHTML = "Please enter a valid Investment Period."; return; } var rateDecimal = annualGrowthRate / 100; var maturityAmount = principalAmount * Math.pow((1 + rateDecimal / compoundingFrequency), (compoundingFrequency * tenureYears)); var totalInterestEarned = maturityAmount – principalAmount; document.getElementById("fdResult").innerHTML = "Maturity Amount: ₹" + maturityAmount.toFixed(2) + "" + "Total Interest Earned: ₹" + totalInterestEarned.toFixed(2) + ""; }

Understanding SBI Fixed Deposits (FDs) and How This Calculator Works

A Fixed Deposit (FD) is a popular investment option offered by banks like the State Bank of India (SBI) that allows you to deposit a lump sum of money for a fixed period at a predetermined annual growth rate. It's considered a safe investment choice, providing guaranteed returns and capital protection.

Key Features of SBI FDs:

• Guaranteed Returns: The annual growth rate is fixed at the time of investment, ensuring predictable returns.
• Flexible Tenure: SBI offers FDs for various periods, typically ranging from 7 days to 10 years.
• Compounding Interest: Interest is usually compounded quarterly, meaning the interest earned in one quarter is added to the principal for the next quarter's interest calculation, leading to higher overall returns.
• Safety: FDs are generally considered very safe as they are backed by the bank.
• Liquidity (with penalty): While designed for fixed periods, premature withdrawal is usually possible, though it may incur a penalty.

How Our SBI FD Calculator Helps You

Our SBI FD calculator is designed to help you quickly estimate the maturity amount and the total interest you will earn on your Fixed Deposit investment with SBI. By inputting a few key details, you can get a clear picture of your potential returns.

Inputs Explained:

1. Investment Amount (₹): This is the principal amount you plan to deposit in your SBI FD.
2. Annual Growth Rate (%): This is the annual percentage rate at which your investment will grow. SBI's FD rates vary based on tenure, amount, and current market conditions. Always check the latest rates on the official SBI website.
3. Investment Period (Years): This is the duration for which you intend to keep your money invested in the FD. You can enter values in years, including decimals for periods like 0.5 years (6 months).
4. Interest Compounding Cycle: This refers to how frequently the interest is calculated and added back to your principal. For most SBI FDs, interest is compounded quarterly. Our calculator allows you to select Quarterly, Half-yearly, Annually, or Monthly to accommodate different scenarios or specific SBI schemes.

Calculation Logic:

The calculator uses the compound interest formula to determine your returns:

A = P * (1 + r/n)^(nt)

• A = Maturity Amount (the total amount you receive at the end of the tenure)
• P = Principal Amount (your initial investment)
• r = Annual Growth Rate (as a decimal, e.g., 6.5% becomes 0.065)
• n = Number of times interest is compounded per year (e.g., 4 for quarterly, 2 for half-yearly, 1 for annually, 12 for monthly)
• t = Investment Period in years

The Total Interest Earned is simply the Maturity Amount minus the Principal Amount (A – P).

Example Calculation:

Let's say you invest ₹1,00,000 in an SBI FD for 5 years at an annual growth rate of 6.5%, with interest compounded quarterly.

• P = ₹1,00,000
• r = 6.5% or 0.065
• t = 5 years
• n = 4 (for quarterly compounding)

Using the formula:

A = 1,00,000 * (1 + 0.065/4)^(4*5)

A = 1,00,000 * (1 + 0.01625)^(20)

A = 1,00,000 * (1.01625)^20

A ≈ ₹1,38,041.90

Total Interest Earned = ₹1,38,041.90 – ₹1,00,000 = ₹38,041.90

This calculator provides a quick and easy way to estimate these figures, helping you make informed investment decisions for your SBI Fixed Deposits.