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Fixed Deposit (FD) Calculator: Understanding How it works

A Fixed Deposit (FD) Calculator is a financial tool that helps you determine the maturity amount and interest earned on your fixed deposit investment. It eliminates the need for manual calculations and provides quick, accurate results for both Simple Interest and Compound interest FDs.

Fixed Deposits are a popular investment option due to their safety, assured returns, and predictable interest earnings. Using an FD calculator ensures that you can plan your savings effectively and make informed financial decisions.

How to Use the FD Calculator?

Using the FD calculator is simple and quick. Follow these steps:

  • 1. Amount to Invest: Enter the amount you would like to invest in the fund
  • 2. Choose the Interest Rate: Enter the applicable interest rate (per annum)
  • 3. Select the Tenure: Specify the duration of your FD in years or months.
  • 4. Select the Interest Type: Choose between simple or compound interest.
  • 5. Calculate: Click the calculate button to see the maturity amount and total interest earned.

The FD calculator will instantly display the results, allowing you to plan your investment effectively.

Frequently asked questions

A Fixed Deposit (FD) Calculator is a financial tool that helps you determine the maturity amount and interest earned on your fixed deposit investment. It eliminates the need for manual calculations and provides quick, accurate results for both Simple Interest and Compound interest FDs.

Fixed Deposits are a popular investment option due to their safety, assured returns, and predictable interest earnings. Using an FD calculator ensures that you can plan your savings effectively and make informed financial decisions.

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