DPS Calculator
How to Use the DPS Calculator
The DPS Calculator helps you estimate how much you will receive at the end of a Deposit Pension Scheme (DPS) based on your monthly savings, interest rate, and tax deduction on interest earnings.
| Field | Description |
|---|---|
| Tenor (years) | The duration of your DPS plan. For example, enter 10 for a 10-year plan. |
| Installment (BDT/month) | The amount you will deposit every month. Example: 5000. |
| Interest Rate (%) | Annual interest rate offered by your bank. E.g., 10 for 10%. |
| Tax Rate on Interest (%) | Applicable tax on your interest earnings (e.g., 10 for return filers in Bangladesh). |
- Fill in all the fields with valid numbers.
- Click the “Calculate” button.
- You will instantly see:
- Total Principal (Total amount you saved)
- Total Interest Earned
- Tax Deducted on Interest
- Final Matured Amount after tax
- The calculator assumes monthly compounding interest.
- You must input the annual interest rate, not monthly.
- The tax rate should reflect your status after submitting a tax return in Bangladesh:
- 10% for tax return filers
- 15% for non-filers (you may optionally allow this input in the calculator)
If you save 5,000 BDT per month for 10 years at an annual interest rate of 10% with a 10% tax on interest: You’ll get a matured amount of approximately 981,780 BDT after tax deductions.
- Q: Is this calculator 100% accurate?
- A: It is a reliable estimate based on standard financial formulas, but actual bank policies and compounding methods may vary.
- Q: Can I change the tax rate?
- A: Yes, based on your tax return filing status or changes in government policy.
- Q: Is the interest compounded monthly or annually?
- A: This calculator uses monthly compounding for better accuracy.