Bharat Bank FD Calculator
Bharat Bank Fixed Deposit Rates for Deposits Below Rs.15 lakh - General Public
| Period | Interest Rate for General Public |
| 7 days – 29 days | 3.5 |
| 30 days – 60 days | 3.75 |
| 61 days – 90 days | 4 |
| 91 days – 180 days | 4.25 |
| 181 days – less than 1 year | 4.75 |
| 1 year – 2 years | 5.25 |
| Above 2 years – 3 years | 5.5 |
| Above 3 years – 5 years | 5.75 |
| Above 5 years | 6 |
Bharat Bank Fixed Deposit Rates for Deposits Below Rs.15 lakh - Senior Citizens
| Period | Interest Rate for Senior Citizens |
| 7 days – 29 days | 3.5 |
| 30 days – 60 days | 3.75 |
| 61 days – 90 days | 4 |
| 91 days – 180 days | 4.25 |
| 181 days – less than 1 year | 4.75 |
| 1 year – 2 years | 5.75 |
| Above 2 years – 3 years | 6 |
| Above 3 years – 5 years | 6.25 |
| Above 5 years | 6.5 |
Bharat Bank Fixed Deposit Rates for Deposits Above Rs.15 lakh and Less Than Rs.1 crore - General Public
| Period | Interest Rate for General Public |
| 7 days – 29 days | 3.5 |
| 30 days – 60 days | 3.75 |
| 61 days – 90 days | 4 |
| 91 days – 180 days | 4.25 |
| 181 days – less than 1 year | 4.9 |
| 1 year – 2 years | 5.4 |
| Above 2 years – 3 years | 5.65 |
| Above 3 years – 5 years | 5.9 |
| Above 5 years | 6.15 |
Bharat Bank Fixed Deposit Rates for Deposits Above Rs.15 lakh and Less Than Rs.1 crore - Senior Citizens
| Period | Interest Rate for Senior Citizens |
| 7 days – 29 days | 3.5 |
| 30 days – 60 days | 3.75 |
| 61 days – 90 days | 4 |
| 91 days – 180 days | 4.25 |
| 181 days – less than 1 year | 4.9 |
| 1 year – 2 years | 5.9 |
| Above 2 years – 3 years | 6.15 |
| Above 3 years – 5 years | 6.4 |
| Above 5 years | 6.65 |
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Bharat Bank FD Calculator
Fixed deposits are one of the most preferred investment tools given the stable returns they offer at minimal risk. A clear idea of the FD returns can help in making an informed decision that can align with your financial goals. Mumbai-based Bharat Bank offers fixed deposits at competitive rates with various features.
If you are looking to invest in FD schemes an online Bharat Bank fixed deposit calculator can be helpful. This tool enables you in figuring out how much interest your money will earn when kept in FD. Keep reading to know more about it.
Bharat Bank Fixed Deposit (FD) Calculator
Bharat Bank fixed deposit rates vary depending on the investment tenure. For instance, the interest rate for a deposit up to 29 days starts at 3.50% p.a. for deposits below ₹15 lakh for general and senior citizens. Whereas, in the case of deposit amounts of over ₹15 lakh the interest rate will range between the general public and 3.50% p.a. to 7.25% p.a. for general citizens.
Calculating the maturity and interest amount depending on the tenure and varying interest rates can be a complicated and time-consuming process. The purpose of this online tool is to make it simple for you to determine your maturity returns effectively. It requires minimal effort, saves time and simplifies your investment planning.
How does the Bharat Bank Fixed Deposit (FD) Calculator Works?
Bharat Bank FD calculator is a simple tool. This calculating tool takes into account the applicable Bharat Bank fixed deposit rates, principal amount, and tenure to compute your maturity and interest amount. Follow these easy steps to approximate maturity value with ease.
1. Enter your deposited amount in the “Total Investment” box.
2. Simply drag the purple slider to reach the desired tenure. Additionally, you can enter the number of years in the provided box below.
3. After entering the applicable interest rates the right side of the page will display the estimated return and total value that you will receive against your FD investment.
There are two types of interests on fixed deposits. These are:
The simple interest formula used is:
M= P+ (PXRXT/100),
Where,
M = Maturity amount
P = Principal amount
R = rate of interest
T = Investment tenure
To understand this formula effectively consider the below-mentioned example:
Suppose you invested ₹1000 for 3 years at 6.25% p.a. then during the time of maturity you will receive:
M = 10,000 + (10,000*6.25*3/100) = 11,875.
Therefore your maturity value will be ₹11,875.
On the other, in case of the compound interest formula:
A = P (1+r/n) ^ n * t
In this given formula,
A is the maturity amount
T is the number of years
r is the interest rate
n is the frequency of compounding interest
P is the principal amount
Consider an example for clear understanding:
If you have invested ₹10000 in Bharat Bank FD for 3 years at a 6.25% compound interest rate (annual compounding), then according to the given formula the maturity amount will be:
P = ₹10000
t = 3 years
n = 1
r = 6.25%.
Therefore, A= 10,000 {1 + (0.0625/1)} ^ (1 * 3) = 10,000 (1 + 0.0772) ^ (3)
A = 10,000 (1.0625) ^ (3) = ₹12,045
Interest earned over 3 years = A-P = ₹2,045
Benefits of an Online Bharat Bank FD Calculator
Like any other financial decision, making an FD investment requires you to carefully evaluate your financial profile in tandem with your current investments and goals for the future. An FD calculator can help you in that process in the following ways:
- This tool simplifies your investment calculation and it enables you to get accurate estimations without any effort.
- One of the prime benefits of using this calculator is that it significantly reduces the time spent on planning your FD investments. You can carry out intricate calculations just in a few clicks.
- You can alter different figures accordingly to find a suitable FD scheme with a preferred tenure that caters to your financial plans.
- This calculating tool is readily available on websites where you can use it as many times as you want without incurring any additional costs.
- Lastly, the online FD calculator allows you to compare multiple FD schemes offered by banks or any other financial institution.
To maximise returns and plan your investments in a better way the Upstox Bharat Bank fixed deposit FD calculator comes in handy. Put in the required details, determine the returns and start investing.
Frequently Asked Questions
Does Bharat Bank have a premature withdrawal facility?
Yes, Bharat fixed deposits can be withdrawn before maturity by paying a penalty as per the bank’s regulations.
What is the penalty for an early withdrawal facility on Bharat Bank FD?
Bharat Bank charges a penalty of 1% on premature withdrawal on the rate of interest applicable for the chosen tenure.
What is the highest interest rate offered by Bharat Bank?
The highest interest rate offered by this financial institution is 7.25% p.a. for the general public and 7.65% p.a. for senior citizens investing over ₹15 lakh.
In how many years has FD doubled in the Bharat Bank?
Considering the rule of 72, you can calculate the number of years it will need to double your Bharat Bank FD amount. All you need to do is divide 72 by the rate of interest levied on your FD investment. For instance, if the interest rate for your FD amount is 5.25%, it will take (72/5.25) = 13.71 (approx) years to double your deposit amount.
Is an auto renewal facility available?
Yes, the auto-renewal facility is available without and with interest.
What are the minimum and maximum amounts one can deposit for a fixed deposit in Bharat Bank?
The minimum amount one can deposit in Bharat Bank FD is ₹ 1000. However, there is no cap for the maximum amount that one must deposit in their FD schemes.
Can a new customer open an FD online with Bharat Bank?
No, a new customer cannot open an FD online. They need to have an internet banking account to open a fixed deposit online.
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.