Want to invest in Utkarsh Bank FD? Calculate the potential maturity amount in just a few seconds with our user-friendly Utkarsh Small Finance Bank FD calculator. Simply input the deposit amount, annual interest rate, and tenure to receive immediate results.
| FD Maturity Date | : |
| Deposit Amount | : ₹10,000 |
| Interest Amount | : ₹666 |
| Total Amount at Maturity | : ₹10666 |
Try the Utkarsh Small Finance Bank FD Rates Calculator for a hassle-free way to understand fixed deposit investments. This useful tool breaks down interest and maturity value calculations, making smart investment choices easier. Get a clear picture of potential gains on Utkarsh FDs, and enjoy the journey of making wise financial decisions!
Utkarsh Bank FD Rates
Utkarsh Bank offers highly competitive FD rates for domestic fixed deposits below Rs 2 crore. The table below illustrates the varied FD interest rates for the general public and senior citizens. It is categorized by deposit tenure, providing a thorough overview.
| Utkarsh FD Tenure | Interest Rates (p.a) General Citizens |
Interest Rates (p.a) Senior Citizens |
|---|---|---|
| 7 Days to 45 Days | 4.00% | 4.60% |
| 46 Days to 90 Days | 4.75% | 5.35% |
| 91 Days to 180 Days | 5.50% | 6.10% |
| 181 Days to 364 Days | 6.50% | 7.10% |
| 365 Days to 699 Days | 8.00% | 8.60% |
| 700 Days to less than 2 Years | 8.25% | 8.85% |
| 2 Years up to 3 Years | 8.50% | 9.10% |
| Above 3 Years to less than 4 Years | 8.25% | 8.85% |
| 4 Years to 5 Years | 7.50% | 8.10% |
| Above 5 years up to 10 Years | 7.00% | 7.60% |
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*Note- It is crucial to verify the latest rates with the bank for the most up-to-date information.How to Use Utkarsh Bank FD Calculator
Using the FD Calculator is fairly simple. By following a few easy steps, you can get an approximate maturity amount. You can also experiment with different variables that match your financial preferences and goals.
Utilize the Utkarsh FD Calculator to improve your decision-making with these simple steps:
- Step 1: Go to the above FD calculator.
- Step 2: Input the principal amount for the fixed deposit.
- Step 3: Select your preferred interest rate and tenure.
- Step 4: Review the results and explore various investment scenarios by adjusting the initial amount and duration.
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Benefits of Utkarsh Bank FD Calculator
The Utkarsh Bank FD Calculator offers several benefits to individuals looking to invest in fixed deposits. Here are some of the key advantages:
- Accurate Calculation: The Utkarsh FD calculator provides accurate calculations of interest earned and maturity amount, allowing investors to plan their finances effectively.
- Time-saving: By using the calculator, investors can quickly determine the potential returns on their fixed deposit investments without the need for complex manual calculations.
- Flexibility: The calculator allows investors to input various parameters such as deposit amount, tenure, and interest rate, providing flexibility to explore different investment scenarios and choose the most suitable option.
- Comparison: With the calculator, investors can compare different fixed deposit options available, enabling them to make informed decisions based on the interest rates and tenures offered.
- Financial Planning: The calculator assists in effective financial planning by providing a clear picture of the maturity amount, helping individuals set goals, and making appropriate investment decisions.
- Transparency: The FD calculator ensures transparency in the investment process, allowing investors to understand the interest earned and the final maturity value, eliminating any confusion or surprises.
- Easy Access: Investors can easily calculate and evaluate fixed deposit investments with an online FD calculator for Utkarsh Bank anytime, anywhere.
Formula to Calculate Utkarsh Bank FD Maturity Amount
Utkarsh Bank Fixed Deposits can help you grow your savings. Use the easy Utkarsh Bank FD Calculator for quick maturity amount calculations, making financial planning a breeze. Or, simply apply the provided formula for manual calculations.
A = P [(1 + r/n)nt
where,
A = maturity amount,
P = principal amount,
r = annual interest rate,
n = number of times interest is compounded per year,
t = Tenure in years.
Let’s plug in the details of a ₹2,00,000 fixed deposit held for 3 years at Utkarsh Bank, with a quarterly compounding annual interest rate of 8.50%, into the given equation to derive the following results.
A = 2,00,000 * [1 + 0.085/4]^(4*3) ]
Calculating the value:
A = 2,57,404
So, the estimated maturity amount for the ₹2,00,000 fixed deposit after 3 years at Utkarsh Bank, with quarterly compounding at an annual interest rate of 8.50%, is approximately ₹2,57,404.
Utkarsh Bank FD Interest Calculation
To make wise financial choices, learn how interest is calculated on Fixed Deposits. Once you know the total maturity amount, use this simple formula to calculate the total interest:
Total Interest = Maturity Amount - Principal Amount
According to the previous calculation, the total interest is:
Total Interest = ₹2,57,404 - ₹2,00,000
Total Interest = ₹57,404
A ₹2,00,000 Fixed Deposit with Utkarsh Bank, compounded quarterly at an 8.50% annual interest rate over 3 years, would yield around ₹57,404 in interest.
Also, check Other Small Finance Banks FD Calculators from below:
| AU Bank FD Calculator | Equitas Bank FD Calculator |
|---|---|
| Fincare Bank FD Calculator | Ujjivan Bank FD Calculator |
| ESAF FD Calculator | – |
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Frequently Asked Questions
Utkarsh Bank doesn't have a dedicated FD calculator on their website. You can use the Utkarsh Bank FD calculator provided above. It calculates interest based on the principal amount, tenure, and prevailing interest rates.
Current Utkarsh FD rates range from 4.00% to 8.50% for the general public and 4.75% to 9.10% for senior citizens, depending on tenure. Check their website for details.
Yes, senior citizens get 0.75% higher interest than the general public on most Utkarsh FD tenures.
The minimum FD investment is Rs. 1,000, and there is no upper limit.
Utkarsh FDs offer quarterly compounding on interest.
Interest rates don't vary based on deposit amount, but tax-saving FDs offer fixed, lower rates regardless of tenure.
Interest earned on Utkarsh FDs may be subject to tax implications. It's advisable to consult a tax professional for accurate information.
For opening an FD, you'll need ID proofs like a PAN card and Aadhaar, along with address proof and deposit amount.
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