Explanation
Fixed Deposits (FDs) are stable and predictable investment instruments offering a safe haven of consistent returns in a volatile financial market. They are perfect for those who prefer a smooth financial journey and cannot digest even small market volatility. Use our online Fixed Deposit (FD) Calculator for easy returns calculations.
Simplicity is the key with FDs. Choose a tenure that suits your dreams, whether it is a short-term goal like buying a car or saving for tax purposes. FDs offer a stable option tailored to your financial journey.
While FD returns may not match riskier options, they shine as a shield of protection for your hard-earned money. In times of financial uncertainty, FDs offer a reliable income stream for those seeking stability with low risk.
The Reserve Bank of India (RBI) ensures scheduled bank deposits up to Rs.5 lakh per bank through DICGC. Your financial fortress remains strong even if a bank faces challenges. Consider FDs as your financial guardians, ensuring stability and peace of mind in the ever-changing financial landscape. They will, however, often fail to beat inflation.
FD interest calculation formula
A = P * (1 + r/n) ^ (n*t), where I = A - P
| Variable | Description |
|---|
| A | Maturity value |
| P | Principal amount |
| r | Rate of interest |
| t | Number of years |
| n | Compounded interest frequency |
| I | Interest earned amount |
How Our Calculator Can Help You?
a) Calculates the interest you will accrue on your FD instantly.
b) Helps compare interest rates from various banks.
c) Helps you identify the ideal FD investment amount to reach your financial goals.
d) Guides you toward the right FD type based on your risk appetite and investment needs.