Fixed Deposit plans offered by banks and corporate entities are both popular fixed-investment options in India. Low-risk profiles and guaranteed returns are the reasons for their popularity. However, you shouldn’t just deposit idle funds into fixed deposits. Fixed Deposits are a type of long-term investment that allows investors to save money for the long term by making regular deposits. Investors have the option of selecting a fixed term for which the deposit will be held at the bank. Calculate the maturity amount of a fixed deposit for the specified amount and interest rate at the end of a chosen tenure with an investment calculator. Fixed deposit investment calculator help users calculate how much interest they will earn on a fixed deposit. The maturity amount is calculated by combining the deposit amount, FD interest rate, and FD tenure. Maturity is the amount a person receives at the end of the term of an FD. This is the total amount earned from interest on the principal. You May Also Like: Plan your Investments using Fixed Deposit Calculators
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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