NRI Fixed Deposit Calculator - 2025
In order to allow NRIs (Non-Resident Indians) to earn set income on the money they deposit in their respective banks, many Indian banks and NBFCs are now offering Fixed Deposit Accounts to NRIs.
The rates for NRI Fixed Deposits may differ from those for Indian residents depending on the lender.
How to Use NRI FD Calculator
The FD Monthly Interest Calculator is an intuitive tool that makes it simple to determine the precise amount due at maturity. You can determine the correct FD amount by providing a few simple details. The procedures an investor must take to determine NRI Fixed Deposit rates are listed below:
- Offered rate of interest
- Monthly amount that is to be invested
- Fixed deposit amount tenure
- The compounding period, which might be monthly, quarterly, semi-annually, or annually
- Amount of FD
After entering the above-mentioned details, the investors will get the following information -
- The total amount gained during the entire tenure
- Value of the FD upon maturity
Formula of NRI FD Calculation
The formula for the calculation of NRI FD of two types of fixed deposits available in the market are mentioned below -
Simple Interest Fixed Deposit Formula
M = P + (P x R x T/ 100)
In the formula,
M stands for the maturity value
P stands for Principal amount deposited
R stands for the rate of interest offered by the bank
T stands for tenure
Example - Ms. Pooja deposits Rs.1,000,000 for a five-year period in her fixed deposit account. Let's say that the rate of interest offered during the term was 10%. The maturity value at the end will be:
M = 1,000,000 + (1,00,000 x 10 x 5/100)
M = 1,50,000
Compound Interest Fixed Deposit Formula
M = P + P {(1 + i / 100) t – 1}
In the formula,
M stands for the maturity value
P stands for Principal amount deposited
I stands for the rate of interest offered by the bank
T stands for tenure
Example - Ms. Pooja deposits Rs.1,000,000 for a five-year period in her fixed deposit account. Let's say that the rate of interest offered during the term was 10%. The maturity value at the end will be:
M = 1,00,000 + 1,00,000 {(1 + 10 / 100) 5 – 1}
M = Rs.1,61,051
FAQs on NRI FD Calculator
- What is an NRI FD Calculator?
The NRI FD Calculator is a simple online tool for calculating your FD maturity amount to help you plan your savings.
- Can NRIs open a FD account in India?
Yes, NRIs can open fixed deposits in India. There are two types of NRI fixed deposits available in India, NRE fixed deposit and NRO fixed deposit.
- Is an NRI's FD taxable?
In India, interest on deposits is not subject to tax. The banks provide the opportunity for you to designate an Indian resident as a mandate holder for operational purposes for your convenience while you are away. Tax on NRI FDs is completely excluded in this form of investment.
- For NRIs, is TDS refundable?
NRIs who make money in India can simply get TDS refunds. TDS deductions for NRIs are allowed for all types of income thanks to Section 195 of the Income Tax Act.
- What information do I need to use an NRI FD Calculator?
The deposit amount (in INR or foreign currency), the deposit tenure, and the current interest rate that the bank is offering are typically required in order to use an NRI FD Calculator.
- Is the NRI FD Calculator available for free?
Is the NRI FD Calculator available for free?
- What are the benefits of an NRI FD Calculator?
An NRI FD Calculator saves time as it computes potential returns on fixed deposits without having to perform manual calculations. The results are accurate and generated within a few seconds. With this calculator, you will be able to plan and budget your finance effectively.
- Does the NRI FD Calculator give instant results?
Yes, after you enter the necessary information, an NRI FD Calculator usually generates results immediately.
- How can I plan my finances using the NRI FD Calculator?
The NRI FD Calculator can be used to determine how much you must save or deposit over a period to achieve a financial goal. To find out when and how you can accomplish your target, you can also experiment with different principal amounts and tenure combinations.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.