Ktdfc FD Calculator

Fixed Deposits Interest Rates - General Public

Fixed Deposits Interest Rates - Senior Citizens

KTDFC FD Calculator

Investors looking for secured investment options with guaranteed returns can opt for fixed deposit schemes. Several banks and NBFCs offer fixed deposit schemes at competitive interest rates to attract potential investors. KTDFC fixed deposit is offered by KTDFC or the Kerala Transport Development Finance Corporation LTD.

It is an RBI-registered Non-Banking Financial Company. It is entirely owned by the Kerala Government and offers guaranteed returns with lucrative interest rates. If you plan to invest in this FD scheme, ensure to calculate the returns beforehand. It will help you choose a suitable FD scheme and earn higher interest on maturity.

KTDFC Fixed Deposit Calculator

KTDFC offers the highest interest rates of 7% for a tenure of 1 year for general citizens. Unlike other banks and NBFCs, the accrued interest rate for KTDFC FDs is higher at shorter tenures. For instance, if you choose an investment tenure of 5 years, you earn an interest of 6.75%. However, for a shorter tenure of 1 or 2 years, the accrued interest rate is 7%.

KTDFC fixed deposit rates vary as per tenure. It would be beneficial if you calculate the FD returns before you invest in fixed deposits. It will help you to make an informed decision and enhance your chances to maximise your returns.

Fixed deposit calculators are efficient online tools that make your task of FD return calculation easier and produce accurate results instantly. KTDFC fixed deposit calculator assists you in computing the maturity amount as per the investment tenure, ROI, invested amount, etc.

You can check the section below to know the calculation procedure in detail!

How Does the KTDFC Fixed Deposit Calculator Work?

The KTDFC fixed deposit calculator works in a simple and convenient way. It computes the results based on the inputs you provide.

A quick glance at the steps you need to follow while determining your estimated FD returns:

• 1. Find the “Investment Amount” tab and enter the estimated figure you intend to invest in a fixed deposit scheme

Select the investment tenure by dragging a purple line under

1. “Number of years” space or enter the tenure in manually
2. Enter the interest rate on the proper field and wait for the results
3. Your estimated returns will be displayed instantly on the same page at the right-hand side

You can compare the FD returns from multiple FD investments using this tool in a hassle-free way.

FD interest calculation procedure follows two different formulas. One for simple interest calculation and the other for compound interest calculation. Simple interest formula is stated as; M= P+ (PXRXT/100)

However, for compound interest calculation, the following formula is used:

However, for compound interest calculation, the following formula is used:

A = P (1 + r/n) ^ nxt

In the above formula, ‘A’ represents the total amount you receive after the completion of tenure

‘P’ or the principal amount stands for the amount you invest in a fixed deposit account

‘r’ is the annual KTDFC fixed deposit rates

‘n’ stands for the frequency of interest compounding

‘t’ denotes the total investment tenure in years

Let’s take an example for better illustration:

If you invest ₹10,000 for 5 years at an interest rate of 6.70%, the maturity amount will be calculated as follows:

A = 10,000 (1 + 6.70%/1) ^ 1×5
= 13,941

So, you will earn a maturity amount of ₹13,941. Hence, the interest earned will be A-P = ₹3,941.

Advantages of KTDFC Fixed Deposit Calculator

You have already known that KTDFC fixed deposit calculator helps in easy and accurate interest calculations. However, the advantages of this online tool are not limited to this. Here are some more benefits of this FD calculator:

• Time Saving
  You no longer need to calculate the complex formula manually. This tool will process the formula in seconds and deliver an accurate answer.
• Credible
  This automatic tool is reliable as it does not require any personal details of the users. You can assess the answers easily by entering correct inputs.
• Offer Financial Planning
  It helps estimate your maturity amount and interest earned before you make any final decision. So, you get the chance to compare the interest returns and choose a convenient plan.
• Personalised Solution
  This calculator will deliver customised results based on the principal amount, interest rates, and investment tenures you enter. You can easily alter the figures and compare the FD returns for different tenures and rates.
• Easy-to-use
  It is designed with a user-friendly interface. You need to enter the correct inputs in the right boxes and it will produce the final result with accuracy.

You can use the Upstox KTDFC fixed deposit calculator to get a clear idea of how much your investment would provide you. It helps you plan your investments and finances accordingly and earn higher returns.