5 min read
Updated on Apr 27, 2023
If you are a risk-averse individual, a fixed deposit is a perfect product for you to gain good returns without getting involved in any kind of risks. A fixed deposit amount offers decent interest rates and support in accumulating good returns over the tenure of the fund. You can easily calculate the returns earned in a FD by using an FD calculator online. Further, the easy availability of the online tool allows the investor to predict the returns received on FD without any hassle.
A Fixed Deposit calculator is an online tool that determines the return that an investor can earn from an FD by holding it for a specific term period. The FD calculator is a simple tool which can be used easily to compare different tenures and interest rates so that you can get the desired returns from your FD.
Hence, with the help of a fixed deposit interest calculator one can compute the maturity value of an FD to evaluate the desired return that you want from your FD amount. Being a freely available online tool, the FD calculator can be used as many times as you want to get the desired results in terms of maturity value.
As we know that the maturity value of an FD is determined by the principal amount of the FD, the duration of the FD and the interest rate that is offered on the FD. So, all such factors combine together to estimate the maturity of your FD.
When planning for your financial future, you need to have answers to the below questions:
The above questions are critical to understand your financial planning while investing in a fund or buying a policy. With the help of an FD calculator, you can get some clarity on your financial situation and plan better. If you start calculating the maturity amount manually, it will take a lot of time and effort. Moreover, it will also have numerous errors. Hence, with an FD calculator, you will receive precise results on returns, while saving time.
An Fixed Deposit calculator allows accurate maturity amount estimates. All you need is to submit some details such as FD principal amount, period of investment (tenure), FD type, and the rate of interest offered.
Below are the steps to check your FD returns –
Like all other financial investments done to secure your future, FD is also one such financial planning for which you need to do analysis and research.
Here are the things that a fixed deposit return calculator can assist an investor with:
Investing in an FD is a smart move since it guarantees good returns and protects your money unlike in other risky options. Further, if you can get a higher rate of interest you can ensure to reach your financial goals without any hassle. On top of all, a fixed deposit monthly income calculator is easily accessible online. So, you can use the tool to get your desired result.
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Yes, banks and financial institutions in India offer a higher rate of interest to senior citizens for FDs.
Target amount in FD is the maturity amount received when the fund matures at the end of the FD tenure. This amount includes the principal as well as the interest earned through the tenure of the FD. However, this can be done easily and accurately using an FD calculator.
Here is the formula to calculate your monthly income that you can earn from your FD: Multiply the FD interest rate with the principal amount and the term of the policy and divide it by 12.
Knowing the maturity amount at the time of planning an investment helps them in making better investment decisions.
The maturity value of an FD is the sum of the total money invested and the interest income received on the investment.
Yes, getting a loan against FD is possible
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