Sundaram Finance FD Calculator

Sundaram Finance offers FD to Indian and Non-Indian residents at interest rates starting from 6.70% p.a for 12 months. The maximum returns expected go up to 7.50% p.a. For senior citizens booking FD for up to 36 months. The Sundaram Finance FD calculator will help all the interested investors to calculate and predict their returns. 

Sundaram Finance offers the option to get monthly, quarterly and annual payouts as well. The returns for each payout option varies. Using this calculator you can make better financial plans. 

What is Sundaram Finance FD Calculator?

Sundaram Finance offers fixed deposit investment opportunities to resident Indians and NRIs for up to 3 years. The minimum investment starts at ₹10,000. The Sundaram Finance FD calculator helps check the interest earned and total maturity amount receivable on the fixed deposit investment. 

You just need to input your investment amount along with tenure and interest rate to do the computation. 

Benefits of Sundaram Finance FD Calculator

Using the Sundaram Finance FD calculator will enable you with the information on maturity amount expected out of the Fixed Deposit. This will help you make better investment decisions and re-visit your financial plans. Here are some more benefits to expect out of Sundaram Finance FD calculator:

• Accurate Calculations: Using an online calculator to compute FD returns will give you the correct calculations leaving no room for mistakes otherwise possible in human calculations.
• Available Anytime: The online FD calculator gives you complete access at any time of the day. 

How to Use Sundaram Finance FD Calculator?

Using the Sundaram Finance FD calculator is not a rocket-science. You just need to have basic information with you regarding your fixed deposit. Follow these steps to use Sundaram Finance FD calculator efficiently:

• Go to the Sundaram Finance FD calculator and add the principal amount/investment sum.
• Select your citizen type
• Choose the tenure and interest rate at which you booked the FD
• After inputting these metrics, you will see the calculations on your screen with the total maturity amount and interest earned on your FD. 

How Does Sundaram Finance FD Calculator?

Components of the Sundaram Finance FD calculator are:

• Amount: The principal / investment amount you invest in the FD scheme offered by Sundaram Finance
• Citizen: Are you a senior citizen or a regular citizen, specify
• Interest Rate: The rate at which you booked the FD with Sundaram Finance
• Tenure: What is the duration of your FD
• Maturity Amount: This is the amount to expect in return of the FD investment. This is the cumulative sum of Principal and Interest earned.

Formula to Determine Sundaram Finance FD Returns

The calculation of Sundara, Finance FD returns can be done using simple and compound interest formulas.

• Simple Interest: M = P + (P × r × t / 100)
• Compound Interest: M = P(1 + r/n)^(n×t)

Here, 

• M is the total maturity value of your FD
• P is the investment amount/ investment sum
• r is the rate of interest on which you booked your FD
• n is the compounding frequency
• t is tenure of your FD

Let us understand the Sundaram Finance FD calculation with an example.

Assume that Mihika put ₹100000 for a duration of 1 year in FD offered by Sundaram Finance at the interest rate of 6.70%. She chose the compounding frequency as annual while booking the FD. Here is how you can calculate the returns using the formulae shared above:

Conclusion

The Sundaram Finance FD calculator can give you accurate information related to your fixed deposit investments. You can use Stable Money to draw FD rates and returns comparisons and make your investment choices wisely. 

Earn up to 8.15% returns on Fixed Deposit. Download the Stable Money app to book yours!