FD is a type of term investment offered by several banks and NBFCs. These deposits typically offer a higher rate of interest. The amount you deposit in these deposits is locked for a predetermined period which can vary between 7 days and 10 years.
An FD calculator can be used to determine the interest and the amount that it will accured at the time of maturity. It is a simple-to-use tool available on the sharemint website.
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How can an FD calculator help you?
Calculating the maturity amount of an FD can be a complicated and time-consuming process. An online FD calculator enables one to figure it without breaking a sweat.
FD maturity calculations are complex involving multiple variables. A Fixed Deposit calculator does all the hard work and gives you accurate figures just at the click of a button.It helps you save a lot of time on these complex calculations.
A FD calculator enables you to compare the maturity amount and interest rates of FDs offered by different financial institutions. You can make an informed decision when you have all the figures at your disposal.
FD Calculator Advantages
Know the exact amount you will receive at the time of FD maturity using the FD amount calculator.
There are several other advantages of using these calculators :–
Get the exact amount you are eligible for at the end of your maturity period and plan your future accordingly.
Both of these calculators are free for unlimited use by registered users.
Compare the maturity amount of different financial institutions easily.
Besides the Fixed deposit calculator, you can easily plan your finances using the following calculators. All of our offerings are free to use and you can use them as frequently as you want.
How To Use Fixed Deposit Calculator Online ?
- First, insert the deposit amount (Fixed Deposit Amount) in the first field
- Then, insert the annual interest rate (Rate of Interest) in the next field
- Next, insert the time period you desire FD to be active
- Finally, click on the “Submit” button. The estimated total maturity amount results will appear beside the FD Calculator.
So using the FD return calculator, you will be able to see your interest earned, and maturity value at the end of the fixed deposit’s tenure.