📐 FD Calculator Formula
A = P * (1 + r/n)^(n*t)
- P: Principal Invested Amount
- r: Annual Interest Rate (in decimal form, e.g., 7% = 0.07)
- n: Compounding frequency per year (4 for Quarterly)
- t: Tenure in Years
Indian Overseas Bank Fixed Deposit (FD) Calculator
Compute the guaranteed maturity return of your Indian Overseas Bank Fixed Deposits. Configured with IOB's current baseline rate of 6.60% P.A.
Input Parameters
₹
%
Yrs
Results
Invested Amount₹1,00,000
Interest Earned₹38,723
Maturity Amount₹1,38,723
Visual Breakdown
Total₹1,38,723
Principal Invested:72%
Interest Earned:28%
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Investment Growth Projection
| Year | Interest | Maturity |
|---|---|---|
| 1 | ₹6,765 | ₹1,06,765 |
| 2 | ₹13,988 | ₹1,13,988 |
| 3 | ₹21,699 | ₹1,21,699 |
| 4 | ₹29,933 | ₹1,29,933 |
| 5 | ₹38,723 | ₹1,38,723 |
📝 Example
If you open an FD of ₹1,00,000 for 5 years at a 7% interest rate compounded quarterly, your maturity amount will be ₹1,41,478. The total interest earned is ₹41,478.
✅ Benefits
- •Guaranteed return estimation helps secure your portfolio planning.
- •Allows comparing bank rates versus corporate FDs.
- •Shows breakdown of interest earned versus starting principal.
❓ Frequently Asked Questions
What is the highest FD interest rate for Indian Overseas Bank?
Indian Overseas Bank offers highest FD interest rates up to 6.60% P.A. for regular citizens. Senior citizens typically get an additional 0.50% to 0.75%.
Is Indian Overseas Bank FD safe for investment?
Yes, investing in Indian Overseas Bank Fixed Deposits is safe. Additionally, deposits up to ₹5 lakh are insured by DICGC.
What is compounding in FD?
Compounding means you earn interest on interest already earned. Most Indian banks compound interest quarterly, which yields higher returns than simple interest.
Is FD interest taxable?
Yes, FD interest is taxable based on your income tax slab. Banks deduct TDS (Tax Deducted at Source) if your annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
Iob FD Calculator
How to Use This Calculator
Welcome to our free online Iob FD Calculator! We built this powerful tool to give you accurate and instant results without any hassle. To get the best out of this Iob FD Calculator, simply input your specific values into the corresponding fields provided below.
Our highly optimized Iob FD Calculator engine will instantly process your data, ensuring precision and saving you valuable time. Using a dedicated Iob FD Calculator helps you avoid manual calculation errors, make informed decisions faster, and plan your finances or health metrics with confidence. Bookmark this page so you can easily access our Iob FD Calculator whenever you need a quick, reliable calculation!
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