%

Total Investment

₹ 1,00,000

Total Interest

₹ 38,042

Maturity Value

₹ 1,38,042

## Introducing Our FD Calculator!

Whether you're a planner, a dreamer with a plan, or someone saving up for various goals like a rainy day fund, your child's education, or planning for retirement as a soon-to-be senior citizen, incorporating a Fixed Deposit into your savings or investment strategy is essential. An FD Calculator plays a crucial role in determining how much to save and for how long to achieve your desired returns.

For instance, if you're aiming to purchase a prestigious Savile Row suit next year using the interest earned from your term deposit, an FD Calculator will help you calculate the principal amount required for your FD and the maturity amount you can expect. Essentially, an FD Calculator enables you to forecast the fruits of your savings.

## Using the FD Calculator: A Step-by-Step Guide

Using the DBS Bank FD Calculator, you can quickly determine the amount you will receive upon maturity of your term deposit. Follow these four simple steps to calculate how your savings will grow:

• Select your customer type - whether you are a senior citizen or not
• Enter the principal amount you wish to deposit
• Choose the FD tenure
• The interest rate will be automatically selected based on your chosen tenure

Simply click 'Calculate', and you will instantly see the interest earned and the maturity amount.

Open Fixed Deposit

## Calculating Fixed Deposit Interest

We understand that math might not be everyone's favourite subject. That's why the FD Calculator handles the calculation of interest earned and maturity amount for you.

The formula for FD Calculation is: M = P + (P × r × t/100), where M is the Maturity Amount, P is the Principal Amount, r is the rate of interest, and t is the tenure. To find out just the interest earned, subtract the principal amount from the maturity amount. For compounded interest, the formula is: M = P × {(1 + i/100)^t - 1}, where i is the rate of interest per period. Seeing the figures for maturity amount and interest earned might just change your opinion about math! Start your Fixed Deposit online with attractive interest rates at DBS Bank.

## What interest rates are available for FDs across various tenures?

DBS Bank interest rates empower your financial goals. Whether you're aiming to earn substantial interest to purchase the latest laptop in 3 months or saving towards an adventurous world tour in 5 years, there's a tenure and interest rate combination to suit your needs.

You can start with deposits as low as Rs. 5000 or invest up to your CEO-level yearly bonus. Choose from tenures ranging from 90 days to over 5 years.

For instance, the minimum interest rate starts at 2.75% for a 90-day tenure, while locking in your principal amount for 5 years or more can earn you an interest rate of 5.5%.

Explore the interest rates available for different tenures below:

Rates w.e.f. 11th December, 2023

 Tenor Regular Senior Citizen 7 days 2.50% 2.50% 8 days & up to 14 days 2.75% 2.75% 15 days & up to 29 days 4.00% 4.00% 30 days & up to 45 days 4.50% 4.50% 46 days & up to 60 days 4.50% 4.50% 61 days 5.00% 5.00% 62 days & up to 90 days 5.00% 5.00% 91 to 180 days 5.00% 5.00% 181 to 269 days 6.00% 6.50% 270 to less than 1 year 6.00% 6.50% 1 year to 375 days 7.00% 7.50% 376 days to 540 days 7.50% 8.00% 541 days to 599 days 7.25% 7.75% 600 days 7.25% 7.75% 601 days to less than 2 years 7.25% 7.75% 2 years to less than 2 years & 6 months 7.00% 7.50% 2 years & 6 months 7.00% 7.50% 2 years 6 months 1 day & less than 3 years 7.00% 7.50% 3 years and less than 4 years 6.50% 7.00% 4 years to less than 5 years 6.50% 7.00% 5 years and above 6.50% 7.00%

Open Fixed Deposit

## What are the benefits of investing in DBS Bank Fixed Deposit?

Life is unpredictable, and having a reliable support system can make all the difference. DBS Bank Fixed Deposit serves as that support, helping you navigate through financial uncertainties. Here's how it can simplify your life:

### Handling Medical Emergencies

An FD is like a safety net. In case of an unforeseen medical expense such as hospitalisation, having an FD means you won't need to compromise your or a loved one's health. The savings from your FD will pay for your bills and medicines.

Let DBS Bank manage the financial concerns while you prioritize your health.

### Navigating Job Uncertainties

When your salary account takes a hit, your Fixed Deposit can cover your bills. While you can't control the job market or your annual review on job performance, your FD can provide financial stability during uncertain times.

Begin preparing for an unpredictable job market by opening an FD today.

### Secured and Insured DBS Bank FDs

Rest assured, your FDs are safe and your returns are secure, regardless of circumstances. DICGC insures your FD for up to Rs. 5,00,000, ensuring your deposit and maturity amount are protected.

Gain the peace of mind you deserve with a DBS Bank Fixed Deposit.

### Online Banking Services at Your Convenience

Need to update your FD maturity instructions at 3 am? With the DBS Bank app, it's done instantly. Manage your deposit amount, tenure, nominee details, and termination options anytime, anywhere!

Get an FD that suits your needs effortlessly.

### Flexible Options

Opening a DBS Bank FD doesn't require a large sum. You can start with just Rs. 5,000. Customize your FD by adjusting the principal amount and tenure to find the optimal combination. Use the FD Calculator to determine the most suitable options for you.