1. What is Fixed Deposit Calculator Bangladesh?

The Fixed Deposit Calculator Bangladesh helps you calculate the maturity value of your fixed deposit investment in Bangladeshi Taka (BDT). It uses the standard FD calculation formula with daily compounding to provide accurate results for your financial planning.

2. How Does the Calculator Work?

The calculator uses the Fixed Deposit formula:

Where:

• \( P \) — Principal amount (BDT)
• \( r \) — Annual interest rate (%)
• \( t \) — Time period in days

Explanation: The formula calculates the maturity value based on simple interest with daily compounding, which is commonly used for fixed deposits in Bangladesh.

3. Importance of FD Calculation

Details: Accurate FD calculation helps investors plan their savings, compare different investment options, and make informed financial decisions for better returns.

4. Using the Calculator

Tips: Enter principal amount in BDT, annual interest rate in percentage, and time period in days. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the minimum deposit amount for FDs in Bangladesh?
A: Minimum deposit amounts vary by bank, typically ranging from 1,000 BDT to 10,000 BDT depending on the financial institution.

Q2: Are FD interest rates fixed in Bangladesh?
A: Yes, fixed deposit interest rates are predetermined and remain constant throughout the deposit tenure once the FD is booked.

Q3: What is the typical tenure for FDs in Bangladesh?
A: FD tenures in Bangladesh typically range from 1 month to 5 years, with different interest rates for different tenure periods.

Q4: Is TDS applicable on FD interest in Bangladesh?
A: Yes, banks in Bangladesh deduct tax at source on FD interest income as per prevailing tax laws.

Q5: Can I withdraw my FD before maturity in Bangladesh?
A: Premature withdrawal is usually allowed but may attract penalty charges and reduced interest rates as per bank policies.