RBL Bank Fixed Deposit Calculator

The RBL Bank fixed deposit calculator is a handy online tool that assists you in selecting the right principal amount for your FD investment. Many people prefer to grow their money through fixed deposits as they involve little to no risk. 

However, when it comes to interest payouts, manually estimating whether your chosen principal can earn the expected returns within a set tenure can be challenging. This is where Stable Money can help. Our calculators, instrumented for various FD providers, can show you accurate potential returns in just a few clicks. 

So, let us learn how to use the FD calculator of RBL Bank and explore some of its top benefits.

How to Use the RBL FD Calculator Online?

The working principle of any online interest calculator is simple. If you wish to open a fixed deposit account with RBL Bank, consider downloading the Stable Money application on your smartphone for maximum convenience.

Next, after signing up, follow the steps discussed below to calculate the maturity amount using RBL Bank's online FD calculator.

Step 1: Search for the RBL Fixed Deposit Calculator within the app. 

Step 2: Upon opening the page, mention your desired principal amount. 

Step 3: Then, specify the duration of investment (in days, months and years). 

Before entering the value, you can check the interest rates offered by the bank for various periods. For instance, you can earn as much as 8% interest with RBL Bank if you keep your money in a fixed deposit for 500 days.

Step 4: Enter the interest rate applicable for the particular principal amount and chosen tenure. 

After you put all these values, the RBL Bank fixed deposit calculator automatically generates the potential maturity amount by utilising the relevant formula. In addition, it displays both the original principal invested and the interest to be earned during the investment period.

The best part is that the Stable Money RBL Bank FD calculator allows you to specify the payout frequency of FD returns and see the changes in interest earnings in real time.

RBL Bank Fixed Deposit Calculation Formula Explained

Regardless of whether you use an online fixed deposit calculator or the manual calculation method, it can be helpful to have a clear understanding of how FD returns are calculated.

Typically, all fixed deposit maturity amounts are calculated like this:

A = P (1+r/n) ^ n x t

In this formula, ‘A’ stands for the FD maturity sum. Next, P, n, and r denote the initial investment, the frequency of interest payouts in a single year and the interest rate (in decimals) respectively. Finally, ‘t’ signifies the investment tenure in years. 

Rather than applying this formula every time you adjust the principal, tenure or interest rate, which can lead to calculation errors, you can alternatively use the FD interest calculator by RBL Bank. However, we have shown a scenario here to represent how this formula works in real life. 

Example of FD Maturity Amount Calculation

Suppose Mr XYZ is planning to invest ₹5 lakh for 500 days through an RBL Bank fixed deposit. As per the current interest rates chart, he will get a return of 8.00% per annum on his invested capital. Based on these factors, you can determine his fixed deposit maturity sum as follows:

Here, P = ₹5,00,000

r = 8.00 / 100 or 0.08

t = 500 days or 1.37 years

n = 4

Therefore, A = ₹[5,00,000 (1+0.08/4) ^ 4 x 1.37 = ₹5,57,306.

Hence, Mr XYZ will receive ₹5,57,306 as a maturity sum, given that his investments are compounded annually over a period of 500 days. 

Although you can find out accurate results with the help of this formula, these calculations can be time-consuming. Thus, it is highly recommended to use the Stable Money platform when it comes to determining true ROI before investing in fixed deposits. 

Benefits of Using RBL Bank Fixed Deposit Rates Calculator

When you use the RBL Bank fixed deposit calculator, you can comfortably strategise your investment journey. The tool offers you:

• Instant Clarity and Confidence: You can swiftly figure out the maturity amount and put an end to the guessing games. Such accurate calculations provide you with the necessary confidence for investment planning over varying time frames. 
• Easy Comparison: With the help of a specialised RBL FD calculator, you can compare the returns for different tenures and amounts in just a few seconds. It enables you to imagine various situations and thus you can arrive at an optimal investment plan that aligns with your financial goals. 
• Effortless Goal Mapping and Tracking: The RBL Bank FD calculator serves a purpose beyond just calculating numbers. It helps you understand the dynamics of investing, whether you are saving for your child's education, a new home or any other goal and assists you in tracking your progress.
• Risk Assessment : Smart investing means checking the risks first. Thus, you can use the RBL Bank fixed deposit calculator to see how much you can earn with different amounts over varying periods. It empowers you to select the safest and most profitable way to invest in an FD account. 
• Time-Saving Model: Earlier people had to manage multiple spreadsheets and even calculate manually to get projected returns. But now with the help of a RBL fixed deposit calculator, you can free up your time and instead focus towards more strategic financial considerations. 

So download Stable Money for attractive fixed deposit deals providing up to 9.50% interest and streamlined investment calculations, all within one platform.