Post Office's Time Deposit Account is similar to fixed deposit. In this page DailyTool provides maturity amount calculator and interest rate calculator for post office's time deposit account.
Time Deposit Account Calculator
How to use above Post Office's Time Deposit Account Calculator
Post Office's Time Deposit Account allows investments for different amount of times, such as 1 year, 2 year, 3 year and 5 year. In above tool we have provided calculation for latest interest rates (effective from 1 Apr 2016).
Using Post Office's Time Deposit Account Calculator is very simple. You just need to enter your investment amount, your period for investment and perform calculation. You will be presented maturity amount, total interest earned. You'll also see graphical representation of these results.
Let's take an example, Mr. X has invested 1 lac in Post Office's Time Deposit Account for duration of 5 years. So in-order to calculate maturity amount and interest earned using above tool, Mr.X has to insert figure "100000" in investment amount field. And he has to select period "5 Years". After this Mr.X will be able to see rate of interest which is 7.9%. Now only thing Mr.X has to do is just perform calculation, and he'll be presented maturity amount which will be 1,47,868.03 and total interest earned which will be 47,868.03.