Standard Chartered FD Calculator
Fixed Deposit Rates on Domestic/NRO deposits of less than Rs 2 crore - General Citizens
| Tenure | Regular Citizens |
| 7-44 days | 2.75 |
| 45-59 days | 3.25 |
| 60-89 days | 3.5 |
| 90-120 days | 3.75 |
| 121-180 days | 4.25 |
| 181-364 days | 5 |
| 1 year – 375 days | 5.9 |
| 376-390 days | 5.75 |
| 391 days – less than 18 months | 6.05 |
| 18 months – less than 21 months | 6.1 |
| 21 months – less than 2 years | 6.1 |
| 2 years – less than 3 years | 6.1 |
| 3 years – less than 4 years | 6.1 |
| 4 years – less than 5 years | 6.1 |
| 5 years | 6.1 |
Note: The FD interest rates are effective as of 30 August 2022
Fixed Deposit Rates on Domestic/NRO deposits of less than Rs 2 crore - Senior Citizens
| Tenure | Senior Citizens* |
| 7-44 days | 2.75 |
| 45-59 days | 3.25 |
| 60-89 days | 3.5 |
| 90-120 days | 3.75 |
| 121-180 days | 4.25 |
| 181-364 days | 5 |
| 1 year – 375 days | 6.4 |
| 376-390 days | 6.25 |
| 391 days – less than 18 months | 6.55 |
| 18 months – less than 21 months | 6.6 |
| 21 months – less than 2 years | 6.6 |
| 2 years – less than 3 years | 6.6 |
| 3 years – less than 4 years | 6.6 |
| 4 years – less than 5 years | 6.6 |
| 5 years | 6.6 |
Note: The FD interest rates are effective as of 30 August 2022
Fixed Deposit Interest Rates on NRE deposits of less than Rs 2 crore
| Tenure | Senior Citizens* |
| 7-44 days | 2.75 |
| 45-59 days | 3.25 |
| 60-89 days | 3.5 |
| 90-120 days | 3.75 |
| 121-180 days | 4.25 |
| 181-364 days | 5 |
| 1 year – 375 days | 6.4 |
| 376-390 days | 6.25 |
| 391 days – less than 18 months | 6.55 |
| 18 months – less than 21 months | 6.6 |
| 21 months – less than 2 years | 6.6 |
| 2 years – less than 3 years | 6.6 |
| 3 years – less than 4 years | 6.6 |
| 4 years – less than 5 years | 6.6 |
| 5 years | 6.6 |
Note: The FD interest rates are effective as of 7 September 2022
FCNR Fixed Deposit Interest Rates
| Deposits | Interest Rates (p.a.%) | |
| Currency: USD | Less than USD 100,000 | USD 100,000 and above |
| 1 year – less than 375 days | 0.1 | 0.1 |
| 375 days | 0.1 | 0.1 |
| 376 days – less than 1.5 years | 0.01 | 0.01 |
| 1.5 years – less than 2 years | 0.01 | 0.01 |
| 2 years – less than 740 days | 0.01 | 0.01 |
| 740 days | 0.01 | 0.01 |
| 741 days – less than 3 years | 0.01 | 0.01 |
| 36 – less than 39 months | 0.01 | 0.01 |
| Currency: GBP | ||
| 1 year < 375 days | 0.01 | 0.01 |
| 375 days | 0.01 | 0.01 |
| 376 days – less than 1.5 years | 0.01 | 0.01 |
| 1.5 years – less than 2 years | 0.01 | 0.01 |
| 2 years | 0.01 | 0.01 |
| Currency: EUR | ||
| 1 year – less than 375 days | 0.01 | 0.01 |
| 375 days | 0.01 | 0.01 |
| 376 days – less than 1.5 years | 0.01 | 0.01 |
| 1.5 years – less than 2 years | 0.01 | 0.01 |
| 2 years | 0.01 | 0.01 |
| Currency: CAD | ||
| 1 year | 0.01 | 0.01 |
| 366 days – less than 390 days | 0.01 | 0.01 |
| 391 days – less than 1.5 years | 0.01 | 0.01 |
| Currency: AUD | ||
| 1 year | 0.01 | 0.01 |
| 366 days – less than 390 days | 0.01 | 0.01 |
| 391 days – less than 1.5 years | 0.01 | 0.01 |
| Currency: JPY | ||
| 1 year | 0.01 | 0.01 |
Note: The FD interest rates are effective as of 1 September 2022
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Standard Chartered FD Calculator
Fixed deposits are one of the most reliable investment options for many in India. They choose to invest in FDs among all other investment options due to the guaranteed returns and attractive rates of interest.
Standard Chartered fixed deposits come with high interest rates and flexible tenures. It offers many other facilities such as auto-renewal, online account opening and many more. It would be beneficial if you have an idea about the returns your investment will generate beforehand. The online Standard Chartered fixed deposit calculator can help you do the same. Let’s learn more about it.
Standard Chartered Fixed Deposit (FD) Calculator
Standard Chartered fixed deposit interest rate can fall anywhere between 2.75% and 6.60%, depending on your investment tenure. This range is applicable for the deposit amount of less than ₹2 crore for general individuals. Senior citizens enjoy an additional interest rate of 0.50% over the base rate and the interest rates range from 2.75% to 7.10% per annum for the same investment amount.
The interest rates will change as the tenure and deposit amount change. It can be troublesome to calculate the fixed deposit maturity amount manually. Hence, you can use the Standard Chartered fixed deposit calculator for effortless and error-free calculation. You just need to input the necessary data to get the results promptly.
How Does Online Standard Chartered FD Calculator Work?
Standard Chartered fixed deposit calculator is a simple tool that you can use in the following given steps:
1. Enter the preferred investment amount on the “Total Investment” box
2. Drag the cursor to draw a purple line until reaching the desired tenure, or enter the number of years in the box provided
3. Finally, enter the applicable interest rate and check the right side of the page
4. It will display the “Estimated Return”, and “Total Value” received against your FD
You can change and adjust the numbers as you wish in deposit amount, interest rate and tenure to compare the returns from different tenures and investment amounts.
Fixed deposit interest is calculated with either of the two formulas:
If the FD accrues compound interest, the formula is:
A = P (1 + r/n) ^ n*t
Here,
“A” represents the FD maturity amount
“P” denotes your fixed deposit investment amount
“r” implies the annual Standard Chartered fixed deposit rate of interest
“n” stands for the frequency of compounding interest
“t” represents the investment term or tenure
While using the Standard Chartered FD calculator, you have to put the right investment amount, tenure and interest rate to calculate an accurate maturity amount.
Let’s have a look at this example to understand the calculation procedure completely:
So, we can assume a fixed deposit investment of ₹10,000 for 5 years at an annual interest rate of 7%.
As per the formula:
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 Standard Chartered FD Calculator
Standard Chartered fixed deposit calculator offers the following excellent benefits:
- This tool is easy to use and offers error-free results as it uses machine algorithms
- The Standard Chartered fixed deposit interest rate varies according to the investment tenure. Therefore, you can compare the returns for different investment terms and select an appropriate FD scheme.
- This online tool helps plan investment goals in a hassle-free way.
- This tool is completely free and can be used any time anywhere.
You don’t need to provide any personal details or sign up to use this tool.
Upstox Standard Chartered fixed deposit calculator is an extremely beneficial tool that helps you know the interest and maturity amount of your fixed deposit investments. Also, it offers a user-friendly interface for improved user experiences. If you are planning to invest in Standard Chartered FD, use this online tool to get a comprehensive idea of your returns and plan properly.
Frequently Asked Questions
What is the highest interest rate on Standard Chartered FD?
The highest rate of interest on Standard Chartered FD for general citizens can go up to 6.60% per annum, whereas, for senior citizens this rate can be a maximum of 7.10% p.a. This is applicable for investments of less than ₹2 crore.
What is the minimum amount of investment for FDs under Standard Chartered?
You can book a fixed (term) deposit with the minimum investment amount of ₹10,000 under Standard Chartered.
Do we have a premature withdrawal facility on Standard Chartered FD?
Yes, premature withdrawal facility is available on Standard Chartered FD. However, this is subject to a 1% penalty.
In how many years has FD doubled in Standard Chartered?
You can easily calculate the number of years your Standard Chartered FD will take to double by using the rule of 72. You need to divide 72 by the rate of interest applicable on your investment. For example, if the interest amount for your FD is 7.10%, it will take (72/7.10) 10.14 years to double your deposit amount.
Can a customer open a term deposit account online in Standard Chartered?
An existing customer can open a term deposit account online in Standard Chartered through online banking facility within a few minutes.
Can I deposit an extra amount into an already existing FD?
No, you cannot deposit an extra amount into an already existing FD. You need to open another FD account.
What is the lock-in period for Tax Saving Scheme?
The lock-in period for tax-saving FD scheme is of 5 years. You cannot make an early withdrawal or take loan against FD during this period.
Does Standard Chartered provide an auto-renewal facility for fixed deposits?
Yes, Standard Chartered provides an auto-renewal facility for fixed deposit account holders. Your FD will renew automatically on maturity date for the same tenure.
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.