Barclays Bank FD Calculator
Barclays Bank Interest Rates for Domestic Term Deposits Less than Rs.2 Crore
| Tenure | Interest Rates (p.a.) |
| 7 days to 14 days | 2.55% |
| 15 days to 29 days | 2.60% |
| 30 days to 44 days | 2.65% |
| 45 days to 59 days | 2.69% |
| 60 days to 89 days | 2.73% |
| 90 days to 119 days | 2.80% |
| 120 days to 149 days | 2.85% |
| 150 days to 179 days | 2.89% |
| 180 days to 209 days | 2.93% |
| 210 days to 239 days | 2.96% |
| 240 days to 269 days | 2.99% |
| 270 days to 299 days | 3.02% |
| 300 days to 329 days | 3.04% |
| 330 days to 364 days | 3.07% |
| 365 days to 399 days | 3.10% |
| 400 days to less than 18 months | 3.16% |
| 18 months to less than 2 years | 3.46% |
| 2 years to less than 3 years | 3.82% |
| 3 years to less than 4 years | 4.31% |
| 4 years to less than 5 years | 4.59% |
| 5 years to less than 6 years | 4.83% |
| 6 years to 7 years | 5.07% |
Note: The FD interest rates are effective as of 2 August 2021
Barclays Bank NRE Fixed Deposit Interest Rates for Deposits Less than Rs.2 Crore
| Tenure | Interest Rates (p.a.) |
| 365 days to 399 days | 3.10% |
| 400 days to less than 18 months | 3.16% |
| 18 months to less than 2 years | 3.46% |
| 2 years to less than 3 years | 3.82% |
| 3 years to less than 4 years | 4.31% |
| 4 years to less than 5 years | 4.59% |
| 5 years to less than 6 years | 4.83% |
| 6 years to 7 years | 5.07% |
Note: The FD interest rates are effective as of 2 August 2021
Barclays Bank NRO Fixed Deposit Interest Rates for Deposits Less than Rs.2 Crore
| Tenure | Interest Rates (p.a.) |
| 7 days to 14 days | 2.55% |
| 15 days to 29 days | 2.60% |
| 30 days to 44 days | 2.65% |
| 45 days to 59 days | 2.69% |
| 60 days to 89 days | 2.73% |
| 90 days to 119 days | 2.80% |
| 120 days to 149 days | 2.85% |
| 150 days to 179 days | 2.89% |
| 180 days to 209 days | 2.93% |
| 210 days to 239 days | 2.96% |
| 240 days to 269 days | 2.99% |
| 270 days to 299 days | 3.02% |
| 300 days to 329 days | 3.04% |
| 330 days to 364 days | 3.07% |
| 365 days to 399 days | 3.10% |
| 400 days to less than 18 months | 3.16% |
| 18 months to less than 2 years | 3.46% |
| 2 years to less than 3 years | 3.82% |
| 3 years to less than 4 years | 4.31% |
| 4 years to less than 5 years | 4.59% |
| 5 years to less than 6 years | 4.83% |
| 6 years to 7 years | 5.07% |
Note: The FD interest rates are effective as of 2 August 2021
Barclays Bank FCNR Interest Rates
| FCY | 12 months < 18 months | 18 months < 24 months | 24 months < 36 months | 36 months < 48 months | 48 months < 60 months | 60 months |
| USD | 0.01% | 0.09% | 0.22% | 0.57% | 0.30% | 0.72% |
| GBP | 0.01% | 0.05% | 0.25% | 0.50% | 0.65% | 0.65% |
| EUR | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
Note: The FD interest rates are effective as of 2 August 2021
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Barclays Bank FD Calculator
Considering its stable and guaranteed returns, fixed deposits have been one of the most preferred investment options in India. With fixed deposit schemes, you have the liberty to invest your chosen amount for a preferable tenure at attractive interest rates. Barclays Bank fixed deposit from Barclays Bank come with attractive rates and beneficial features.
When planning to open an FD account, always choose a reliable bank with years of reputation. Barclays Bank is a renowned name in the Indian investment banking sector since 1990. This UK-based 300 years old bank offers FDs at competitive interest rates.
Here’s more about the Barclays Bank fixed deposit and its interest calculation procedure!
Barclays Bank Fixed Deposit (FD) Calculator
With Barclay Bank, you can invest for a short-term holding period of one week at a minimum interest rate of 4.80%. However, as you invest for longer tenures, you start earning higher returns on your invested amount. You can earn a maximum interest of 5.52% for a long-term tenure of 7 years. This is applicable for deposits of less than ₹2 crore. There are no special rates for senior citizens.
Thus, you can notice that the interest rates offered by this bank will depend on the tenure you choose. Considering these differences, it can be quite hectic for you to calculate the total interest earned manually. In this regard, you can switch to an online Barclays Bank fixed deposit calculator for a hassle-free and precise calculation procedure.
How Does the Barclays Bank FD Calculator Work?
Let’s take a look at the FD interest calculation formula.
Fixed deposit interests are calculated using a simple interest formula and a compound interest formula depending on the type of FD you are investing in. Here are the formulas for better understanding:
- Simple Interest Formula: M= P+ (PXRXT/100)
- Compound Interest Formula: A = P (1 + r/n) ^ n*t
Here’s an example to illustrate the compound interest formula:
Let’s assume, Sheela has invested ₹10, 20,100 for a tenure of 6 years at a 5.07% interest rate. So, the interest earned will be calculated as follows:
Total interest earned = A – P
Here, A = 10, 20,100 (1+ 5.07%/1) ^1*5
= ₹14, 32,594
As per the formula interest earned is A-P (14, 32,594 – 10, 20,100), i.e., 4, 12,494.
So, Sheela will earn an interest of ₹4, 12,494 on the maturity of her fixed deposit.
Now, let’s take a look at how to use the Barclays Bank fixed deposit calculator. Here are the steps to follow:
1. First, you need to fill the “Total Investment” column with the amount you are depositing in your FD account
2. Next, drag a purple line under the “Number of years” tab to adjust the investment tenure
3. Then, enter the rate of interest manually or by dragging the purple line across the ‘Interest Rate’ section
4. You can find the interest earned, total maturity amount, etc. on the right side of the page
Note: You can alter the figures to compare the returns from various FD scheme with varying tenures and interest rates.
Benefits of An Online Barclays Bank FD Calculator
Now that you have already learned how to calculate the interest amount using Barclays Bank FD calculator, let’s take a look at the advantages of this online tool:
- Calculating FD interest becomes easier and faster when you use Upstox Barclays Bank fixed deposit calculator. It is designed with an easy user interface for your convenience. You can get an accurate interest amount in no time upon entering the right figures on the right boxes.
- This online tool is free of cost. You can take better investment decisions without spending a single penny. Moreover, these tools can be used multiple times. You can calculate FD interest multiple times without any restrictions.
- You can compare the interests accumulated for different FD schemes and deposit amount.
- It is completely safe to use this tool as it does not ask for any personal details like name, contact number, etc. So, you don’t need to reveal your personal details to know the estimated fixed deposit maturity amount.
- The tool is accessible at any time and from anywhere.
If you wish to determine returns before investing in Barclays FD, choose an online Barclays Bank fixed deposit calculator for error-free interest calculation. Input the suitable tenure, deposit amount and interest rate and start investing.
Frequently Asked Questions
What is the highest interest rate on Barclays Bank FD?
The highest interest rate offered by Barclays Bank is 5.52% for an investment tenure of 400 days to less than 18 months.
What is the minimum amount of investment for FDs under Barclays Bank?
You can start investing in Barclays Bank fixed deposits with an initial investment amount of ₹10,00,000 for a minimum period of 7 days to 14 days.
Do we have a premature withdrawal facility on Barclays Bank FD?
Yes, Barclays Bank offers a premature withdrawal facility against a minimum penalty.
What is the penalty for early withdrawal in Barclays Bank FD?
This bank charges a penalty of 1% against premature withdrawal of fixed deposits. So, when you withdraw your fixed deposit amount before the maturity period, you need to pay a penalty of 1% on the interest amount.
Can a customer open a term deposit account online at Barclays Bank?
Yes, you can log in to the official website and navigate the term deposit page. Next, you need to download the form to apply for term deposits. However, make sure you have an internet banking facility activated.
Does Barclays Bank provide an auto-renewal facility for fixed deposits?
Yes, Barclays Bank provides an auto-renewal facility on the maturity of fixed deposits. So, you can renew the deposit amount for the same investment period as the previous one.
Who are eligible to open a Barclays Bank Fixed Deposit Account?
Any Indian citizen above 18 years of age can open a fixed deposit account in Barclays Bank.
Are there any special rates for senior citizens?
Unlike other banks, Barclays Bank does not provide any additional facility for senior citizens in terms of interest rates. So, they do not pay any additional interest to senior citizens on the general rates.
Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.