Here we provide FD Calculator for different time periods and interest rates. You can easily check your fixed deposit maturity amount.
The FD Calculator is one of the most useful tool for those people who are looking for investing in Fixed Deposit. The FD Calculator is easy to operate and gives all the information you want within a few seconds. Nowadays, all banks and financial companies provide various schemes on Fixed Deposit. But the investors can not decided which FD option is more beneficial to them with help of FD Calculator Online.
The FD Calculator will calculate Maturity Amount, Interest Income at the End of Fixed Deposit Tenure (period), Quarter wise, Year wise Interest Earning and much more. All you need to do is just put (enter) some key details about the Fixed Deposit option you want to analyse in the FD Calculator Online. After that you just need to click on Calculate button to proceed. Within just 03 to 05 Seconds, the FD Calculator will show all the details on your device screen.
How It Works, FD Calculator Online!
The FD Calculator is designed for convenience of investors, depositors who want to check and compare various Fixed Deposit Schemes available at Banks. The FD Calculator Online starts working when you enter FD Amount, Interest Rate, Compound Period (for Interest) and Tenure/Time Period of FD in the given fields. Our main aim is to save time of the investors/depositors who are interest to get a New Fixed Deposit or looking for Renewal of Old FD Account.
What you have to Provide?
The FD Calculator will ask some simple information to help you count Fixed Deposit Interest and Maturity Amount. The key details you need to provide are as follows_
- Fixed Deposit Amount (in Rupees)
- Fixed Deposit Time Period (Years/Months/Days)
- Rate of Interest on FD
- Compounding Frequency of Interest (Yearly/Monthly/Half Yearly/Quarterly)
Please fill up the above details without error in FD Calculator.
Click Here to Check All Banks FD Interest Rates
Give Command to Calculate
When you have entered FD Amount, FD Period, Interest Rate and Compounding Frequency, you are just one step ahead from your Answer/Solution. Click on Calculate button to see your Fixed Deposit Complete Details on your computer screen. The FD Calculator will calculate and show you the following information_
- Fixed Deposit Maturity Amount (in Rupees)
- Total Interest Income (Earning at the time of Maturity)
- Year wise Opening Balance, Interest Amount and Closing Balance (Interest Amount is added to Opening Balance of respective year.)
How it is useful to Investors, FD Calculator Online
The investors, depositors can save their time and money by taking a little help of Fixed Deposit Calculator. It is also useful to compare the FD Schemes available at various Banks and Financial Companies. The depositors can use the FD Calculator Online for New FD as well as for Renewal of Old FD as under_
New Fixed Deposit Scheme and Comparison
When a person thinks of saving money for a certain period of time, Fixed Deposit is one of the best option available in Indian Market. But there are hundreds of banks and financial companies which offer variety of Fixed Deposit Schemes. So the problem is How to Find out Best FD Scheme from the available alternatives. At such time, you can visit our website @fdcalculatoronline.in to get assistance to choose the Best FD Scheme for you.
With help of FD Calculator, you can compare the Fixed Deposit Schemes offered for different banks for same period. As a result, you will be able to recognize the most suitable FD Scheme/Plan as per your requirements.
Renewal of Old Fixed Deposit or Continue the Old FD?
The Fixed Deposit Account is always for a certain period of time. The Banking or Financial Companies offer Fixed Deposit Scheme with pre-decided time period (Tenure). So the depositors have two options when the FD period gets over. Either they can withdraw the FD Maturity Amount or they can reinvest it again. When the depositor decides to reinvest the money, he/she must use FD Calculator Online.
The FD Calculator will help you to know whether you should renew you Old Fixed Deposit Account or you need to get a New One. Just enter the necessary details in FD Calculator Online to check the Interest Income/Earning and Maturity Amount for both alternatives to reach to the conclusion. Choose the FD Account option which gives you more return at the time of Maturity.
The final thing that an investor must check before choosing a Fixed Deposit Scheme i.e. Method of Counting Interest. People often check the Rate of Interest on FD, but forget to know whether it is Simple Interest or Compound Interest. Because, Simple Interest is counted on Principal Amount for whole FD Period, while the Compound Interest is counted on Closing Balance of Previous Year/Half Year/Quarter/Interest Count Duration. Compound Interest is usually more beneficial among two or more FD Schemes when the Rate of Interest are similar. FD Calculator is helps you to check your Fixed deposit maturity amount and interest.