Fixed deposit (FD) is one of the most popular ways of savings. This is the preferred savings option for many. It provides profits by the end of the tenure or when the deposit is broken. The interest rates can vary with each bank which is higher compared to the savings account.
Fixed deposits are known as risk-free investment worldwide. It involves an easy application process with the requirement of few basic documents. The interest rates are calculated on the fixed rate basis. One advantage of the fixed deposits is the tenure. The duration of the bond is flexible it can last from 7 days to 10 years and even more than that which depends on the customer’s requirements.
How to Calculate Deposits using FD Calculator?
You can use our Fixed deposit calculator to calculate your deposits now
Enter the Deposit Amount.
Enter the Interest Rate as per your bank rates.
Enter the duration of the bond.
You will get the total amount that will be received at the time of maturity including the interest rates added.
FD calculator displays the deposit amount and the profit gained on the deposits.
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