Fixed deposit is a highly preferred investment choice. They are even called term deposit which fetches you appreciable interest income on the lump sum at the time of maturity. Certified by ICRA’s MAAA (stable) rating and CRISIL’s FAAA/ stable rating they are free from market fluctuations.
Largely owing to the fact that they offer assured returns in the chosen time period, they inculcate a habit to save on a regular basis. Interest is paid out to depositors at maturity, annual or monthly basis depending on the chosen term.
Interest accumulated is calculated by multiplying the principal amount, the rate of interest per annum and the time for which the money is lent in days, months or years with withdrawal frequency.
While, interest rate stays fixed throughout the deposit tenure it can change at the time of renewal of deposit, at the time of maturity, and it can increase or decrease depending on the norms of Reserve Bank of India.
The Fixed Deposit (FD) Calculator gives you an estimation of how much interest you can earn on the fixed amount on the value of your investment (Principal) at the time of maturity when compounding of interest is done on a monthly, quarterly, half-yearly or annual basis.
While, calculator for various saving schemes help to invest better by analyzing the returns on interest rate. They can be toggled to achieve desired results and thus help to put the money at the right place.
Choose, compare and apply for various savings schemes based on their interest rate, tenure, and return on investment. Find lucrative tax saving schemes to maximize the return on your investment.
Use the platform to gather information of multiple investment options such as Mutual Fund, Provident Fund, National Pension Scheme, Senior Citizen Saving Scheme, Bonds, Credit Cards, and much more.