Citibank FD Calculator

Fixed Deposit Interest Rates on Domestic deposits of less than Rs 2 crore - General Citizens

Fixed Deposit Interest Rates on Domestic deposits of less than Rs 2 crore - Senior Citizens

Citibank Bank Tax Saver Deposit

NRE Fixed Deposit Interest Rates of deposits below Rs 2 crore

NRO Fixed Deposit Interest Rates for deposits below Rs. 2 crore

FCNR (Foreign Currency Non-Resident) Fixed Deposit Interest Rates

Citibank Term Deposit Rates: Above Rs.2 crore to Rs.10 crore

Citibank FD Calculator

Fixed deposits are one of the safest investment tools and are highly preferred by risk-averse investors. This is due to the fact that it offers guaranteed returns at the lowest risk among all other investment options available in the market.

Citibank fixed deposit offers attractive interest rates with flexible tenures. If you can find out about the maturity amount before investing for your preferred tenure, it can help you manage your finances better. Citibank fixed deposit calculator will help you to do that exactly. Let’s find out more about this tool below.

Citibank Fixed Deposit (FD) Calculator

Citibank offers fixed deposits at an interest rate which can fall anywhere between 2.10% and 7.25% for an investment amount within ₹2 crore. The maximum tenure can be of 1096 days, whereas the minimum is 7 days. Senior citizens can get an extra interest rate of 0.50% over and above the standard interest rate.

The interest rate keeps changing depending on the investment amount and tenure. So, manual calculation of the maturity amount can be quite complex. Alternatively, you can use the Citibank fixed deposit calculator to find out the amount without any hassle. You can get the results within seconds, provided you have entered the correct input.

How Does the Citibank FD Calculator Work?

Citibank fixed deposit calculator is an easy-to-use tool that you can use following the given few steps:

1. Enter your investment amount in the “Total Investment” box
2. Drag the cursor to draw a purple line until reaching the desired tenure. You can also enter the number of years in the box provided
3. Lastly, enter the interest rate and view the right side of the page
4. It will show the “Estimated Return”, and “Total Value” received against your FD investment at maturity

You can adjust and change the inputs according to the variations in deposit amount, interest rate and investment tenure to figure out multiple possibilities.

FDs are of two types depending on the type of interest applicable.

For compound interest FD, the formula for interest calculation is:

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

In this formula,

“A” represents your fixed deposit maturity amount

“P” signifies your fixed deposit investment amount

“r” suggests the annual Citibank fixed deposit rate of interest

“n” stands for the frequency of compounding of the interest rates

“t” signifies the investment term or tenure

While using the Citibank FD calculator, you need to provide the right investment amount, interest rate and investment term to calculate a precise interest and maturity amount.

Let’s understand how the formula works with the help of an easy illustration:

Let’s assume you are investing ₹10,000 in a fixed deposit for 5 years at a yearly interest rate of 7%.

Putting these values in the formula, you get:

A = 10,000 (1 + 7%/1) ^ 1*5

A = ₹14,148.

So, the interest amount is A – P, i.e., 14,148-10,000 = ₹4,148

In case of simple interest, this formula is used:

M= P+ (PXRXT/100)

Here M is the maturity amount, P is the investment amount, T is tenure of investment, and R is rate of interest.

Benefits of An Online Citibank FD Calculator

Take a look at these unmatched benefits a Citibank FD calculator will offer:

• Citibank fixed deposit interest rate varies according to the investment tenure. You can compare between different FD schemes and choose the most suitable one for you.
• This tool offers an easy and fast calculation process and provides error-free results.
• This calculator can come in handy while planning your finances.
• It is completely free, and you can use it from anywhere at any time.
  You don’t need to go through the hassle of registering or signing up.

Upstox Citibank bank fixed deposit calculator is a helpful tool when it comes to knowing about the interest and maturity amount of your fixed deposit investments. Additionally, it lays out a user-friendly interface for enhanced user experience. If you are planning to invest in Citibank FD, use this online calculator to get a clear understanding of your returns and plan accordingly.