Thus, the maturity amount after 2 years would be approximately ₹1,14,490/- This calculation reflects the potential returns on a ₹1,00,000 investment in an HDFC Fixed Deposit with an annual interest rate of 7%. Suppose you invest ₹1,00,000 in an HDFC Fixed Deposit with the following details:Ĭompounding frequency (n): Annual compounding (1 time a year) N is the number of times interest is compounded per year,
The formula for calculating the maturity amount is as follows: The HDFC Fixed Deposit Maturity Amount Calculator plays a major role in calculating the maturity amount. Understanding the potential returns on these investments is crucial for effective financial planning. Investing in HDFC Fixed Deposits offers individuals a secure and reliable way for wealth accumulation. Always check with the bank for the most up-to-date information before making investment decisions.įormula to Calculate HDFC FD Maturity Amount Read Less These rates are indicative and subject to change.
Interest rates (%p.a.) for Senior CitizensĢ years 1 day – less than 2 years 11 monthsĢ years 11 months (Special Edition FD – 35 months)ģ years 1 day – less than 4 years 7 monthsĤ years 7 months (Special Edition FD – 55 months) Interest rates (%p.a.) for Regular Citizens
