Sundaram Finance FD Calculator

Fixed Deposit Rates on Domestic deposits - General Public

Non-Cumulative Option

Fixed Deposit Rates on Domestic deposits - Senior Citizens

Cumulative Option

Fixed Deposit Rates on Domestic deposits - General Public

Fixed Deposit Rates on Domestic deposits - Senior Citizens

Sundaram Finance FD Calculator

Investing in fixed deposits is one of the best ways to multiply your savings in a risk-free way. If you are looking for a secure investment option, fixed deposits are the viable option. Sundaram Finance fixed deposit offers attractive interest rates and multiple FD schemes for both general and senior citizens.

You can start an FD account in Sundaram Finance with a minimum of ₹10,000 at an interest rate of 7.20%. Before you invest in an FD, you can use an online FD calculator to assess how much your FD would bring in. Continue reading to know more about this fixed deposit scheme.

Sundaram Finance Fixed Deposit (FD) Calculator

Sundaram Finance has an AAA/Stable rating from CRISIL. You can earn an annual interest of 7.20% to 7.50% by investing in Sundaram Finance FDs. However, there is an additional rate of 0.50% in the case of senior citizens.

Considering these differences in interest rates, it can be troublesome for you to calculate FD returns accurately. In such cases, you can take help from the online Sundaram Finance FD calculator. This online tool helps you avoid the risks of miscalculation that you may incur during manual calculation.

Being completely automated, this calculator always delivers error-free results, given you enter the correct inputs. If you are planning to invest in Sundaram Finance fixed deposit, know the Sundaram Finance fixed deposit interest rate and calculate your returns beforehand. It will help choose a suitable FD scheme as per your financial plans.

How Does the Sundaram Finance FD Calculator Work?

Sundaram Finance FD calculator is a viable option for computing your fixed deposit returns without any hassles. Take a look at the steps below to know the calculation procedure:

1. Fill in the “Total Investment” box with the amount you want to invest in Sundaram Finance FD
2. Enter the investment term in the “Number of years” box
3. Fill in the “Interest Rate’ tab with Sundaram Finance’s interest rate for fixed deposit
4. Find the interest accrued and maturity amount on the right side of the page

Note: You can enter the figures manually on each field or drag the purple line to reach the figure you want to input.

The result shows payment breakup in terms of total investment, estimated returns, and total value. So, you can easily determine the FD returns and invest accordingly. Moreover, you can alter the figures and calculate FD returns for different tenure and interest rates.
Let’s take a look at the interest calculation formula to understand the working principle of this online tool better!

Returns from the fixed deposit can be calculated using two different formulas based on the type of interest accrued. They are as follows:

Simple Interest

In case of simple interest FDs, the maturity amount is calculated as follows:

M= P+ (PXRXT/100)

In the above formula, “M” stands for the maturity amount

“P” represents the amount you intend to invest in Sundaram Finance FD

“R” denotes the annual rate of interest

“T” stands for the investment term in years

Compound Interest

If the interest gets compounded in an FD, then the maturity calculation will take place with this formula:

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

Here, the total amount earned on FD maturity is denoted as “A”

“P” represents principal, i.e., your investment amount

“r” stands for the annual interest rate

“n” represents the frequency of compounding interest

“t” stands for the tenure for investment

Let’s take an example to interpret the formula in a better way.

If you invest ₹10,000 for 5 years at an annual interest rate of 7% compounded annually, the fixed deposit interest returns will be:

Here,

P = 10,000

r = 7%.

n = 1

t = 5

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

Hence, you will earn a total amount of ₹14,148 after 5 years, according to the calculation.

You will earn an interest of ₹14,148 – ₹10,000, i.e., ₹4,148.

Benefits of an Online Sundaram Finance FD Calculator

Sundaram Finance fixed deposit calculator is a hassle-free online tool for easy and error-free interest calculations. However, its benefits are not limited only to this. Here are some more benefits of this calculator:

• With this online computation tool, you can determine the fixed deposit returns free of cost. Moreover, there is no limitation to how many times you use this tool. You can adjust the figures multiple times and choose a suitable scheme.
• Considering the complex mathematical formula, the manual calculation process is prone to error and time-consuming. However, we will receive accurate results without much time by using this fixed deposit calculator
• Designed with a user-friendly interface, this calculator is a viable option for everyone. It will provide you with the correct output once you enter the necessary data in the required fields.
• It improves your decision-making ability. Using this tool, you can compare the returns from different investment amounts, terms, and interest rates and select a suitable scheme as per your convenience. Therefore, it helps in shaping your financial goals efficiently.

Sundaram Finance fixed deposit return calculation becomes more streamlined when you use the online Upstox FD calculator. This tool is designed exclusively for a better user experience. Simply input the required data, check the accrued interest and start investing.