This feature displays the total amount and interest earned for a particular monthly deposit amount, period and interest rate. It also displays the savings schedule displaying the interest earned each month and month end balance.

Steps to use Savings calculator

1.   Login to (IRIS Digital Banking Application).

2.   Click Savings sub menu under Calculators menu.

3.   Input opening balance, monthly deposit amount, period in months & annual interest rate.

4.   Click show schedule.

5.   Click Calculate.

System displays the results and savings schedule.