Karur Vysya Bank FD Calculator
Set up back in 1916 in Karur (a textile town in Tamil Nadu), the Karur Vysya Bank (KVB) has emerged as one of the leading banks in India. With a legacy of 200 years, the bank continues to offer several innovative solutions to its customers. For a seamless and informed investment experience, Karur Vysya Bank provides an FD calculator to assist customers in optimising their fixed deposit decisions. Here, we will walk you through a comprehensive guide on the Karur Vysya Bank FD Calculator and how it helps you choose a fixed deposit (FD) scheme best suited for you.
What Is a Fixed Deposit Calculator?
Calculating the maturity amount and total interest accumulated in your FD, based on input variables like investment amount, tenure, interest payout frequency, etc., can be immensely helpful in deciding which FD scheme suits your financial goals. A fixed deposit calculator is a free online tool that exactly serves this purpose.
How to Use Karur Vysya Bank FD Calculator?
Perform the following steps to access and use the KVB FD calculator.
Step 1: Visit Karur Vysya Bank's official website.
Step 2: Scroll down to the bottom of the page, and click on ‘Calculators’ under the ‘Others’ section just above the footer, beside the chat assistant.
Step 3: Click on ‘FD Calculator’.
Step 4: Enter various values in the input fields (Deposit Amount, Tenure, Rate of Interest), to calculate your ‘Total Maturity Amount’ and 'Total Interest Amount'.
How Does the Karur Vysya Bank FD Calculator work?
The KVB FD calculator interface works in the following way.
Input Fields:
Here are the details that you need to provide in an FD calculator based on which the tool will display accurate results.

Deposit Amount: Enter any value between ₹5,000 (minimum) and ₹10 crores (maximum) by scrolling across the value bar.

Tenure: Choose a particular tenure starting from 7 days (minimum) to 10 years (maximum).

Type of Fixed Deposit: Opt for an interest payable option from the available options (on maturity/halfyearly/quarterly/monthly).

Rate of Interest: Choose a rate of interest between 3% to 30%.
Features of the Fixed Deposit Calculator
The key features of the KVB fixed deposit calculator are as follows:
 Calculates the total amount receivable by an FD investor at maturity
 Gives an estimate of the interest income that will accrue by the end of the tenure
 Allows you to compare different interest rates and choose the most suitable one
Can the Inputs Be Changed in a Fixed Deposit Calculator?
An individual can enter different input values for deposit amount, tenures and payout terms, to compare and calculate maturity value and interest income earned across different scenarios. This key feature of an online FD calculator helps FD investors to make informed decisions by allowing them to analyse and select an option that aligns best with their financial objectives.
Karur Vysya Bank FD Calculator  Formula and Calculation
Now that you know how an online FD calculator works, let us learn about the mathematical logic used by the tool to calculate the maturity amount.
Formula:
The FD calculation formula is as follows:
M = P + (P x r x t/100)

M = Maturity Amount

P = Principal Amount

r = rate of interest

t = tenure
The calculator further computes your interest income by subtracting the principal amount from the maturity amount.
Calculation With Example:
Suppose, you want to invest in a KVB FD scheme an amount of ₹1 lakh, with an annual interest of 10% for 5 years.
As per the information mentioned above, P = ₹1,00,000, r = 10% interest, and t = 5 years. When you put these values into the formula, you can calculate the total amount receivable on maturity in the following way.
M = 1,00,000 + (1,00,000 x 10 x 5/100) = ₹1,50,000
Advantages of Using Stable Money  Karur Vysya Bank FD Calculator
A few advantages of using a tool like the KVB FD interest rates calculator are as follows:
 You can make plans beforehand on how much to invest and for how long.
 Investors can decide whether to receive interest payouts at their chosen frequency or withdraw the total amount on maturity.
 You can compare the returns generated from interest rates offered by different financial institutions.
Final Word
In line with the bank’s vision of staying the preferred choice for investors, the Karur Vysya Bank FD Calculator provides great convenience to potential customers in trying out different combinations of deposit amounts, tenures, and interest rates. Observing how the resultant maturity amount comes out in different scenarios, customers can make informed decisions in choosing the right FD scheme for themselves.