Term Deposit (TD) Calculator
getcalc.com's Term Deposit (TD) Calculator is an online finance tool to calculate how much maturity amount & interest income possibly earned for the series payments generally deposited into a bank account at a certain interest rate for a specific period of time.
Definition & Formula
Term Deposit is a finance function or method used in the context of time value of money calculation, often abbreviated as TD, represents the series of cash flows or payments generally deposited into a bank account at a certain interest rate for a specific period of time that will be paid back as total sum of money at the end of tenure, along with the compound interest earned during the entire tenure.