Indian Overseas Bank FD Calculator
- Total Interest
- Investment Amount
Bank FD Calculators
| Bank FD Names | For General Citizens (p.a) | For Senior Citizens (p.a) |
|---|---|---|
| State Bank of India FD Calculator | 6.10% | 6.90% |
| HDFC Bank FD Calculator | 6.25% | 7.00% |
| ICICI Bank FD Calculator | 6.25% | 6.95% |
| IDBI Bank FD Calculator | 6.10% | 6.85% |
| Kotak Mahindra Bank FD Calculator | 6.20% | 6.70% |
| RBL Bank FD Calculator | 5.75% | 6.25% |
| KVB Bank FD Calculator | 6.10% | 6.60% |
| Punjab National Bank FD Calculator | 6.60% | 6.60% |
| Canara Bank FD Calculator | 6.50% | 7.00% |
| Axis Bank FD Calculator | 6.50% | 7.25% |
| Bank of Baroda FD Calculator | 5.65% | 6.65% |
| IDFC First Bank FD Calculator | 6.00% | 6.50% |
| Yes Bank FD Calculator | 6.75% | 7.50% |
| IndusInd Bank FD Calculator | 6.25% | 7.00% |
| UCO Bank FD Calculator | 5.30% | 5.80% |
| Central Bank of India FD Calculator | 6.25% | 6.75% |
| Indian Bank FD Calculator | 6.30% | 7.05% |
| Indian Overseas Bank FD Calculator | 6.40% | 6.90% |
| Bandhan Bank FD Calculator | 5.60% | 6.35% |
*The interest rates are subject to change as per the discretion of the bank
An Indian Overseas Bank (IOB) FD Calculator is a simple digital tool that estimates the maturity value and total interest earned on a fixed deposit with Indian Overseas Bank. Instead of doing manual calculations, this calculator lets you enter a few key inputs and then shows a projection of how your deposit could grow over time. It’s useful when you want clarity on different deposit scenarios before committing your funds.
The IOB FD calculator applies basic interest computation logic based on the inputs you provide:
- Deposit Amount: The principal sum you intend to invest.
- Tenure: The period for which you want to lock in the fixed deposit.
- Interest Rate: The rate applicable for the chosen tenure.
- Compounding Frequency: How often the interest is compounded (quarterly, half-yearly, annually, etc.).
Behind the scenes, the calculator typically uses a compound interest approach that reflects how most bank FDs grow. With each compounding period, interest earned is added to the principal, which becomes the base for the next period’s computation. The final result gives an estimate of the maturity amount and the total interest you might receive at the end of the tenure.
Using the Indian Overseas Bank FD calculator on 5paisa is straightforward:
- Enter the deposit amount you plan to invest as an FD.
- Choose the tenure for which you want the FD to run.
- Input the interest rate that applies to your chosen tenure.
- Select the compounding frequency (if the option is available).
- Click Calculate to view the estimated maturity value and total interest earned.
You can adjust the inputs to try different scenarios, such as longer tenures or higher rates, to compare potential outcomes before finalising your decision.
- Quick Estimates: It gives you a projection in seconds, saving you from manual calculations.
- Easy Comparison: You can evaluate multiple tenures or rate scenarios to choose what suits you best.
- Better Planning: Helps align your fixed deposit choices with your financial goals.
- Error Reduction: Automated maths reduces the risk of manual errors.
- Instant Feedback: You can tweak inputs on the fly to see how changes affect the result.
Overall, the IOB FD calculator offers a clear, user-friendly way to understand how your fixed deposit could grow over time.
Disclaimer: The calculator available on the 5paisa website is intended for informational purposes only and is designed to assist you in estimating potential investments. However, it is important to understand that this calculator should not be the sole basis for creating or implementing any investment strategy. View More..