• English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi

How does the fixed deposit (FD) calculator assist in future financial planning?


by Mahindra Finance


December 11, 2023


1 mins read

Fixed deposit interest rate calculator in india is an invaluable tool for all who wish to invest in a fixed deposit scheme. It not only helps you know the exact interest you earn from the deposit and the maturity value but also allows you to plan your finance more effectively.

By knowing the exact amount, you get at the end of the deposit term, you can choose to invest more so that you get the desired returns, or you can also reinvest the amount for a few more years till you get the desired amount.

The calculator also tells you how long you need to be invested to get the returns that can meet your goals.

Related articles

Flat or Reducing Rate of Interest – Which Option is Best for Your Business?

When it comes to taking out a loan, one of the most critical factors to consider is the interest rate. The business interest rate determines how much you will pay throughout the loan and affects your ...


April 16, 2024

Unlock The Power Of Compound Interest In Fixed Deposit Investments

Imagine watching your hard-earned money grow while you sleep. That’s the magic of compound interest in Fixed Deposits (FDs), the most popular investment option in India. In this comprehensive gu...


March 4, 2024

Understanding The Consequences of Not Renewing or Withdrawing Your Fixed Deposits

Introduction: Fixed deposits are an excellent investment option that offers security and guaranteed returns. They are an ideal choice when you want to avoid market risks. However, it’s important to ...


April 25, 2024