42

Software Requirements Specification (SRS) for FD (Fixed Deposit) Calculator

Introduction

Purpose:

The purpose of this document is to outline the requirements for the development of a Fixed Deposit (FD) Calculator application.

Scope:

The FD Calculator will allow users to estimate the maturity amount and interest earned on fixed deposits based on input parameters such as principal amount, tenure, and interest rate.

Definitions, Acronyms, and Abbreviations:

FD: Fixed Deposit

System Overview

System Description:

The FD Calculator will be a web-based application accessible through a browser. Users will input deposit details, and the system will calculate the maturity amount and interest earned.

System Architecture:

The application will have a client-server architecture, with the client being the web browser and the server handling the calculation logic.

Functional Requirements

Use Cases:

Calculate FD:

  • Users can input the principal amount, tenure, and interest rate.
  • The system will calculate and display the maturity amount and interest earned.

Functional Requirements:

Input:

The system shall accept the following input:

  • Principal Amount (in INR)
  • Tenure (in months or years)
  • Interest Rate (in percentage)

Calculation:

The system shall calculate the maturity amount using the FD formula:

  • ��������������=�×(1+�/�)��
  • MaturityAmount=P×(1+r/n)
  • nt
  • The interest earned can be calculated as
  • ��������������−���������������
  • MaturityAmountPrincipalAmount, where:
    • P is the Principal Amount
    • r is the annual interest rate divided by 100
    • n is the number of times interest is compounded per year
    • t is the tenure in years

Output:

  • The system shall display the calculated maturity amount and interest earned to the user.

Non-Functional Requirements:

  • The system should provide a response time of under 2 seconds.
  • The application should be accessible on common web browsers (Chrome, Firefox, Safari).

External Interface Requirements

User Interfaces:

  • The user interface shall include input fields for the principal amount, tenure, interest rate, along with a “Calculate” button.
  • The calculated maturity amount and interest earned shall be displayed prominently.

Hardware Interfaces:

  • The system should be compatible with standard computing hardware.

Software Interfaces:

  • The application shall be developed using HTML, CSS, and JavaScript.
  • The server-side logic can be implemented using a backend framework (e.g., Node.js, Django).

Communication Interfaces:

  • The application will communicate with the server for the calculation and display of results.

Performance Requirements

Response Time:

The system should respond within 2 seconds for a typical user input.

Throughput:

The application should handle at least 100 simultaneous users.

System Constraints

Regulatory Requirements:

The application should comply with relevant financial regulations.

Hardware Limitations:

The system should be compatible with devices with standard web-browsing capabilities.

Security Requirements

Authentication:

The application may not require user authentication as it’s a public tool.

Data Protection:

The system should not store or retain any user input data after the calculation.

Quality Attributes

Reliability:

The application should produce accurate results based on the provided input.

Maintainability:

The code should be well-documented for ease of maintenance.

Usability:

The user interface should be intuitive, requiring minimal guidance.

Testing Requirements

Test Cases:

Test cases should cover various input scenarios to ensure accurate calculations.

Test Case 1:

  • Inputs: Principal Amount = 50,000 INR, Tenure = 24 months, Interest Rate = 7.5% compounded quarterly.
  • Expected Output: Maturity Amount ≈ 53,158.05 INR, Interest Earned ≈ 3,158.05 INR

Test Case 2:

  • Inputs: Principal Amount = 1,00,000 INR, Tenure = 36 months, Interest Rate = 8% compounded half-yearly.
  • Expected Output: Maturity Amount ≈ 1,24,924.06 INR, Interest Earned ≈ 24,924.06 INR

Test Case 3:

  • Inputs: Principal Amount = 2,00,000 INR, Tenure = 48 months, Interest Rate = 9% compounded annually.
  • Expected Output: Maturity Amount ≈ 2,70,772.84 INR, Interest Earned ≈ 70,772.84 INR

Acceptance Criteria:

  • The application is considered successful if it produces correct maturity amounts and interest earned based on the standard FD calculation formula.

Project Timeline

Milestones:

Design, Development, Testing, Deployment.

Development Phases:

Frontend development, Backend development, Testing, Deployment.

Glossary

FD: Fixed Deposit

Database Structure

Tables:

FD_Calculations:

  • CalculationID (Primary Key, Auto-increment)
  • PrincipalAmount (Decimal)
  • Tenure (Integer)
  • InterestRate (Decimal)
  • MaturityAmount (Decimal)
  • InterestEarned (Decimal)
  • CalculationDate (DateTime)

Conclusion

This extended SRS document provides a more detailed overview of the FD Calculator application, including the database structure and additional test cases. It should be reviewed and approved by relevant stakeholders before proceeding with the development phase.

76 comments
  1. I was more than happy to discover this web site. I wanted to thank you for ones time just for this wonderful read!! I definitely savored every little bit of it and I have you book marked to see new stuff on your site.

  2. Can I simply just say what a comfort to uncover someone who truly understands what they’re talking about on the internet. You actually understand how to bring a problem to light and make it important. A lot more people need to check this out and understand this side of your story. I was surprised that you aren’t more popular since you most certainly have the gift.

  3. I blog quite often and I seriously thank you for your information. This article has really peaked my interest. I’m going to bookmark your site and keep checking for new details about once a week. I subscribed to your RSS feed too.

  4. You have made some good points there. I looked on the web for more info about the issue and found most individuals will go along with your views on this website.

  5. Can I simply just say what a comfort to find an individual who genuinely understands what they’re discussing on the internet. You actually know how to bring an issue to light and make it important. A lot more people have to check this out and understand this side of the story. I was surprised that you are not more popular given that you most certainly possess the gift.

  6. You’ve made some good points there. I looked on the internet to find out more about the issue and found most individuals will go along with your views on this site.

  7. I’m impressed, I have to admit. Rarely do I come across a blog that’s both equally educative and engaging, and without a doubt, you’ve hit the nail on the head. The issue is something that too few men and women are speaking intelligently about. Now i’m very happy I found this in my hunt for something relating to this.

  8. I blog quite often and I genuinely thank you for your information. The article has really peaked my interest. I am going to take a note of your site and keep checking for new information about once a week. I subscribed to your RSS feed as well.

  9. You have made some really good points there. I checked on the net for additional information about the issue and found most people will go along with your views on this website.

  10. Hi there! I could have sworn I’ve been to your blog before but after going through some of the articles I realized it’s new to me. Nonetheless, I’m certainly happy I stumbled upon it and I’ll be book-marking it and checking back often!

  11. Spot on with this write-up, I honestly feel this website needs far more attention. I’ll probably be returning to read through more, thanks for the information!

  12. Oh my goodness! Impressive article dude! Thanks, However I am going through troubles with your RSS. I don’t understand why I can’t subscribe to it. Is there anyone else having the same RSS issues? Anyone who knows the answer can you kindly respond? Thanx!

  13. After exploring a few of the blog posts on your blog, I seriously appreciate your way of writing a blog. I saved it to my bookmark website list and will be checking back soon. Take a look at my web site as well and tell me your opinion.

  14. Hi, I do believe this is an excellent web site. I stumbledupon it 😉 I may come back once again since I book marked it. Money and freedom is the greatest way to change, may you be rich and continue to guide others.

  15. An impressive share! I have just forwarded this onto a coworker who has been doing a little homework on this. And he actually ordered me lunch because I stumbled upon it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanks for spending the time to talk about this subject here on your site.

  16. I need to to thank you for this very good read!! I certainly loved every little bit of it. I have you bookmarked to look at new things you post…

  17. Hi there! Do you know if they make any plugins to help with Search
    Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m
    not seeing very good success. If you know of any please share.
    Appreciate it! I saw similar art here: Eco wool

  18. Nice post. I learn something totally new and challenging on websites I stumbleupon on a daily basis. It will always be exciting to read articles from other writers and practice a little something from other sites.

  19. Aw, this was a really nice post. Spending some time and actual effort to produce a really good article… but what can I say… I hesitate a whole lot and never manage to get anything done.

  20. Aw, this was an exceptionally good post. Spending some time and actual effort to create a superb article… but what can I say… I put things off a whole lot and don’t manage to get anything done.

  21. May I simply say what a relief to discover somebody who truly understands what they’re discussing over the internet. You definitely know how to bring a problem to light and make it important. A lot more people should look at this and understand this side of your story. I was surprised you’re not more popular given that you most certainly have the gift.

  22. A fascinating discussion is definitely worth comment. I do think that you ought to write more about this issue, it may not be a taboo subject but usually folks don’t speak about these subjects. To the next! Cheers!

  23. I blog quite often and I genuinely thank you for your information. This great article has really peaked my interest. I will book mark your site and keep checking for new information about once a week. I subscribed to your RSS feed as well.

  24. Having read this I thought it was extremely enlightening. I appreciate you taking the time and energy to put this article together. I once again find myself personally spending way too much time both reading and posting comments. But so what, it was still worth it.

  25. An outstanding share! I have just forwarded this onto a friend who had been doing a little research on this. And he actually bought me breakfast simply because I stumbled upon it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanx for spending the time to discuss this issue here on your internet site.

  26. Hello there! This blog post could not be written much better! Going through this article reminds me of my previous roommate! He constantly kept preaching about this. I will send this article to him. Fairly certain he will have a good read. Thank you for sharing!

  27. Hello there, I believe your web site could possibly be having internet browser compatibility issues. When I take a look at your website in Safari, it looks fine however when opening in Internet Explorer, it has some overlapping issues. I simply wanted to give you a quick heads up! Other than that, fantastic blog.

  28. This is a topic that’s close to my heart… Many thanks! Exactly where can I find the contact details for questions?

  29. You’re so interesting! I don’t believe I’ve read something like that before. So great to discover someone with original thoughts on this topic. Really.. thank you for starting this up. This web site is something that is required on the internet, someone with a bit of originality.

  30. I’d like to thank you for the efforts you have put in penning this blog. I really hope to see the same high-grade blog posts by you later on as well. In truth, your creative writing abilities has motivated me to get my own website now 😉

  31. I absolutely love your website.. Pleasant colors & theme. Did you develop this amazing site yourself? Please reply back as I’m planning to create my own site and want to find out where you got this from or just what the theme is named. Many thanks.

  32. You made some really good points there. I checked on the web for more info about the issue and found most people will go along with your views on this web site.

  33. Everything is very open with a really clear clarification of the challenges. It was truly informative. Your website is very useful. Many thanks for sharing.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like
46

Software Requirements Specification (SRS) for EMI Calculator

Software Requirements Specification (SRS) for EMI Calculator Introduction Purpose: The purpose of…
38 1

Software Requirements Specification (SRS) for Home Loan EMI Calculator

Software Requirements Specification (SRS) for Home Loan EMI Calculator Introduction Purpose: The…
38

Software Requirements Specification (SRS) for Car Loan EMI Calculator

Software Requirements Specification (SRS) for Car Loan EMI Calculator Introduction Purpose: The…
6

Software Requirements Specification (SRS) for Loan Tenure Calculator

Software Requirements Specification (SRS) for Loanecur Tenure Calculator Introduction Purpose: The purpose…