Fixed Deposit Calculator: Know Your Maturity Amount Now And After 10 Years

by Andrew Smith
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Fixed Deposit

Fixed Deposit has been the most popular choice among Indian investors for years. The best part about FDs is that it fetches assured income. Investors can easily calculate the amount receivable at the end of the lock-in term with the FD interest calculator. 

Thus, the Investor can decide the amount they need to deposit to produce an adequate corpus to meet their financial plans. The FDs deserve a special mention that it offers no investment risk, and the Investor retains the flexibility to decide the investment tenure and the type of payout. Overall, FDs enables Investor to plan their investment per their short and long-term financial plans and goals. 

You instantly get to know your corpus at the end of the investment term. 

The online FD interest calculator has been serving significant utility to investors. Investing in FDs is to secure the financial future through assured return. Now, an investor invests as per specific plans and financial goals. It helps if the Investor knows the corpus receivable on a specific investment amount and tenure to match the financial plans.

The online calculator displays the corpus receivable instantly once the Investor selects the investment amount and the tenure. Thus, it helps the Investor decide the right investment amount and tenure to produce the desired outcome.

On the other hand, if the Investor cannot come up with the desired FD amount to produce the desired outcome, they can consider other investment tools that might match their expectations. 

What is the right investment tenure to match your financial plans? 

Selecting the right investment tenure is extremely necessary as it determines the interest rate and helps the Investor to decide the right investment tenure to produce enough corpora to meet their financial plans. Before investing in the FD, the Investor can use the calculator and keep calculating the projected return to match it against their specific financial plans.

Thus, the online FD calculator makes it easier for the Investor to decide on the right investment tenure so that they plow back adequate return at the end of the investment tenure. 

The FD calculator helps the Investor decide the payout type

Investors either receive the cumulative payout or non-cumulative payout from their FDs. In cumulative payout, investors are not allowed to withdraw the interest on the investment midway between the investment tenure. Thus, the fund keeps growing, and the Investor can pull back the corpus inclusive of the principal and the interest earned, thus, getting a lump sum amount.

On the other hand, the non-cumulative payout allows the Investor to keep receiving the interest on the investment at fixed intervals, thus producing a steady regular income for the entire investment length. Before investing in the FD, the Investor can calculate and decide the payout pattern that will best suit their financial plans. Thus, the FD calculator helps the Investor make the right investment decision. 

Investors can compare different institutions to find the most profitable investment destination. 

Though the FD interest rates are grossly the same between different banks and NBFCs, sometimes, there are sharp differences. All banks and NBFCs will have their fixed deposit calculator on their website. The Investor can try the FD calculators with different institutions to find the one offering the highest FD rates.

It will help the Investor speed up the investment and earn a significantly higher return with the same amount for similar investment tenure. Thus, the Fixed Deposit Calculator helps the Investor make the best investment decision. 

Considering the points discussed above, investors should compulsorily refer to the online Fixed Deposit calculator on the website of various banks and NBFCs before taking the final call about their investment. It will help the Investor to produce the optimum return, securing their financial future. 

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