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How to use fd calculator on different interest rate

rishabh grover (11 Points)

23 August 2022

Hello every one i want to do my first investing and try to calculate which is best to invest.

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2 Replies

Yasaswi Gomes new (Finance ) (4514 Points)
Replied 23 August 2022

Hi congratulations if your investing. First thing, banks have fd calculators on their websites. Use them. If your investing in fixed income instruments, check out how much coupons your getting. Next, shares are hard to tell and hence need to contact an investment advisors. There are many redeemable, irredeemable life term investments available. Contact a bank.

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vipul singh (others) (39 Points)
Replied 14 September 2022

The fd calculator will give you all details regarding the interest you may get every month and the maturity amount. You can also calculate periodic interest payments and interest on a chosen term for investments in non-cumulative schemes. For example, if you opt for non-cumulative deposits, investing in 12 months, a fixed deposit will give you 6.50% per year interest. The fixed deposit rates will also beat current inflation levels, provided that the investments are held for a minimum of 15 months. Input the deposit amount, the interest rate, and the term of the deposit in order to figure out the maturity value of the investment. Ans) Variables such as the amount of deposit, the rate of interest offered, and the deposit period (in years/months) is required for using the FD calculator. Suppose you are looking to invest in an FD but are feeling puzzled by the calculations. In that case, the best option is for you to use the fixed deposit calculator by Shriram City or an FD interest calculator. On the contrary, if you are planning a long-term investment with a higher return rate, you may opt for investing in an FD once the interest earned is calculated on a fixed deposit calculator.