Bank of Baroda FD Calculator

Use the Bank of Baroda FD Calculator to determine the maturity amount for your FD by providing the Invested FD Amount, interest rate (p.a), and tenure details.

Deposit Amount

₹

Rate of Interest (p.a)

0 15

Deposit Period

FD Maturity Date	:
Deposit Amount	: ₹10,000
Interest Amount	: ₹666
Total Amount at Maturity	: ₹10666

Invested Amount Interest Amount

The FD Calculator from Bank of Baroda aids in calculating the potential interest earnings and maturity value based on various fixed deposit amounts and tenures. The calculator provides attractive interest rates, with the maximum rate set at 6.75% for a 1-year tenure. Input the principal amount, fixed deposit duration, and the applicable interest rate to quickly obtain the interest income and maturity value.

Bank of Baroda Fixed Deposit Rates

Bank of Baroda offers interest rates for Fixed Deposits based on the chosen tenure, providing depositors the flexibility to select the most suitable option. BOB FD rates (p.a) for regular citizens, vary from 3.00% to 7.15%, while senior citizens can enjoy rates ranging from 3.50% to 7.75%. These rates apply for time periods ranging from 7 days to 10 years.

FD Tenure	Interest Rates (% p.a.) for Regular Citizens	Interest Rates (% p.a.) for Senior Citizens
7 days to 14 days	3.00	3.50
15 days to 45 days	3.50	4.00
46 days to 90 days	5.00	5.50
91 days to 180 days	5.00	5.50
181 days to 210 days	5.50	6.00
211 days to 270 days	6.00	6.50
271 days & above and less than 1 year	6.25	6.75
1 year	6.75	7.25
Above 1 year to 400 days	6.75	7.25
Above 400 days and up to 2 years	6.75	7.25

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How to Use Bank of Baroda FD Calculator?

The Bank of Baroda FD Calculator offers a quick way to estimate fixed deposit returns, guiding investors through a simple process:

1. Navigate to the FD Calculator page.

2. Enter the principal amount, interest rate, and choose the tenure in days, months, or years.

3. Instantly view the calculated maturity amount.

4. Experiment with various combinations to align with financial goals and make informed investment decisions.

Formula to Calculate BOB FD Maturity Amount

The Maturity Amount represents the total value of the fixed deposit at the end of the specified tenure, including both the principal and the accumulated interest. The maturity amount is calculated using the Bank of Baroda FD Calculator. The formula for calculating the maturity amount is:

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

where,
A is the maturity amount.
P is the principal amount,
r is the annual interest rate,
n is the number of times interest is compounded per year,
t is the tenure in years.

Suppose you invest ₹5,00,000 in a Bank of Baroda Fixed Deposit with the following details:

Principal amount (P): ₹5,00,000
Rate of interest (r): 7% per annum
Compounding frequency (n): Annual compounding (1 time a year)
Tenure (t): 5 years

Using the formula:
A = 5,00,000×(1+ 0.07/1)^1×5
A = 5,00,000×(1.07)^5
A = 5,00,000×1.402
A ≈ ₹7,07,389/-

Thus, the maturity amount after 5 years would be approximately ₹7,07,389. This calculation reflects the potential returns on a ₹5,00,000 deposit in Bank of Baroda Fixed Deposit with an annual interest rate of 7% p.a.

Bank of Baroda FD Interest Calculation

Fixed deposits from the Bank of Baroda offer guaranteed returns for customers through compound interest accruals. The interest earned depends on aspects like principal amount, tenure, and the frequency of compounding. Understanding the FD interest calculation helps determine total earnings over the tenure for improved financial planning. The formula is expressed as

C.I = P { (1 + r/n*100) ^(n*t) } - 1

Here,
C.I represents the compound interest,
P is the principal amount,
r is the annual interest rate, and
t is the tenure in years.

Example:

Consider a Bank of Baroda Fixed Deposit with the following details:

Principal amount (P): ₹5,00,000
Rate of interest (r): 7% per annum
Tenure (t): 5 years

Using the compound interest formula:
C.I = (5,00,000(1+ 0.07)^5)) −5,00,000
C.I ≈ (5,00,000×(1.07)^5) −5,00,000
C.I ≈ (5,00,000×1.402) −5,00,000
C.I ≈ ₹2,01,276/-

In this example, the compound interest earned on a ₹5,00,000 Bank of Baroda Fixed Deposit with a 7% annual interest rate over 5 years would be approximately ₹2,01,276.

How Can Bank of Baroda FD Calculator Help?

The Bank of Baroda FD calculator ensures hassle-free calculations for interest income and maturity values. Here’s how BOB FD Calculator helps:

A User-friendly interface allows easy exploration of multiple scenarios.
Customize values to align your investment strategy with financial goals.
Assess the impact of different tenures (days, months, years) on interest earned and maturity value.
Simple interface for easy navigation and efficient use of the calculator.
Flexibility to experiment with various values for multiple uses.
Empower users to choose fixed deposit plans according to financial preferences and goals.

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