• As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

  • Activate your Credit Card within minutes and enjoy unlimited benefits

  • One FASTag, three payments:Toll, fuel and parking

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Savings Account Interest Rate Calculator

A savings account interest rate calculator is a quick-and-easy tool that helps you figure out the interest you can earn monthly on your savings account balance. The calculator assists you in planning your finances efficiently and shows how much your funds in the savings account can grow over the period. 

The IDFC FIRST Bank savings account interest calculator  is a user friendly tool that estimate the amount you can earn on your savings account balance using inputs like your savings account balance and the bank interest rate during a specific period.

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Benefits of Using Savings Account Calculator

  1. Financial planning precision: Savings account calculators offer precise projections, aiding in effective financial planning.
  2. Goal clarity: By inputting variables like deposit amounts and interest rates, you can gain clarity on your savings goals.
  3. Time efficiency: The calculator swiftly computes potential outcomes, saving time compared to manual calculations.
  4. Informed decision-making: Using the savings account interest calculator, you can make informed decisions based on calculated projections, enhancing financial literacy.
  5. Empowerment: Accessible to all, the IDFC FIRST Bank savings account calculator empowers you to take control of your financial future with confidence.

Steps to use a savings account interest calculator

The IDFC FIRST Bank savings account interest calculator is interactive and easy to use. You do not need any expertise to use the online calculator tool. Simply follow the steps mentioned below and get going.

Step 1

Adjust the account balance slider to a specific amount.

Step 2

Move the interest rate slider from left to right and set the interest rate offered by your bank

Step 3

The calculator will then calculate the interest rates in real time and display the amount you will receive based on the account balance and the interest rate offered

The calculator tool also shows the extra interest that you will earn if you own a savings account with IDFC FIRST Bank. This comparative analysis helps you make informed choices and the performance of your savings account. 

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Make the most of no-fee banking and save money on a variety of bank charges and commissions. Now you can enjoy savings account benefits with zero charges on all commonly used banking services! Read on to know more about it.

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Frequently Asked Questions

How to calculate interest on a savings account?
How do banks calculate the interest on savings account?
What is the effective annual rate?
Do savings accounts pay interest monthly?
What is a savings account interest calculator?
Why choose IDFC FIRST Bank's savings account?
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